$140,000 Last Listed Price
●
House -
Off Market
203 Spell Street
Houston, TX 77022
3 Beds
1 Bath
1,387 Ft²
$142,439
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
**SHOWINGS END SATURDAY at 4PM. ALL OFFERS DUE BY SATURDAY, 4/1 at
7pm.**Investor special nestled between the Garden Oaks and Greater
Heights area. Great income potential, new residential and retail
development, as well as revitalized surrounding neighborhoods and
schools. Up and coming area with close proximity to downtown and
major highways. Awesome potential for a flip. With some TLC, you
can own this fixer-upper that sits on a nice sized lot. See it
while it lasts. Home is being sold "AS-IS".
Unit Size
1,387 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$101
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1955
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (HAR #63709400)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | Price Decreased |
$179,000
↓ $14K
(7.3%) | |
| Price Decreased | |||
| Aug 11, 2025 | Listed by eXp Realty LLC | $193,000 | |
| Listed by eXp Realty LLC | |||
   | |||
|
This home offers exceptional value as the most affordable option in the neighborhood with great condition! Located in a rapidly developing area experiencing the highest population growth in the United States, this newly remodeled home offers excellent potential. New construction homes are located just one minute from the property, featuring upscale residences along the neighborhood’s perimeter, Near major hospitals and with easy highway access, this home is only 10 mins. from Oak Forest, now transitioning into a high-end neighborhood. It also offers an additional room suitable as a 4th bedroom, with space for a future full bathroom. This fixer-upper sits on a spacious lot, ideal for outdoor activities or future expansions. Don't miss out on this fantastic opportunity—see it while it lasts!
| |||
| Mar 4, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Dec 6, 2024 | Listed by eXp Realty LLC | $200,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
Beautifully maintained by the owners, this high-quality home offers comfortable and inviting living spaces in the desirable Garden Oaks and Greater Heights neighborhoods! This charming home offers 3-4 bedrooms, with one space that can be converted into a bathroom. Surrounded by new developments and revitalized neighborhoods, it promises great income potential. Located near downtown and major highways, this fixer-upper sits on a spacious lot, ideal for outdoor activities or future expansions. Don't miss out on this fantastic opportunity—see it while it lasts!
| |||
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Listed by: Jenna Bradburn, RE/MAX Signature
Last Updated: 4 months ago
Data Source: HAR , MLS# 63709400
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Last Updated: 4 months ago
Data Source: HAR , MLS# 63709400
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