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2217 Pelham Drive
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2026 | Listed by Compass RE Texas, LLC - Houston | $4,750,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
| Sep 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 24, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 23, 2026 | Listed by Martini & Co. Real Estate Advisors | $4,995,000 | |
| Listed by Martini & Co. Real Estate Advisors | |||
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Crafted by Sade Custom Homes, this new construction is set in the heart of River Oaks. The 6,168 square foot residence includes five bedrooms, each with a private bath, plus a study with an ensuite bath. White oak flooring and custom white oak cabinetry establish a cohesive interior palette throughout. The kitchen is finished with Taj Mahal quartzite countertops, including a waterfall island, along with panel-ready Sub-Zero refrigeration and wine storage, Wolf range, Cove dishwasher, and Brizo fixtures. The primary suite includes a double-sided fireplace, sitting room, and spacious bedroom. The spa-like primary bath is finished in marble and features a wet room with soaking tub and dual shower heads, along with an oversized closet lined in stained wood cabinetry. The exterior is executed in slurry-finished brick with dark bronze accents. Additional spaces include a third-floor game room and outdoor kitchen.
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| Mar 28, 2025 | Listed by Martini & Co. Real Estate Advisors | $4,995,000 | |
| Listed by Martini & Co. Real Estate Advisors | |||
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Crafted by Sade Custom Homes, this new construction is set in the heart of River Oaks. The 6,198 square foot residence includes five bedrooms, each with a private bath, plus a study with an ensuite bath. White oak flooring and custom white oak cabinetry establish a cohesive interior palette throughout. The kitchen is finished with Taj Mahal quartzite countertops, including a waterfall island, along with panel-ready Sub-Zero refrigeration and wine storage, Wolf range, Cove dishwasher, and Brizo fixtures. The primary suite includes a double-sided fireplace, sitting room, and spacious bedroom. The spa-like primary bath is finished in marble and features a wet room with soaking tub and dual shower heads, along with an oversized closet lined in stained wood cabinetry. The exterior is executed in slurry-finished brick with dark bronze accents. Additional spaces include a third-floor game room and outdoor kitchen.
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About Central Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017