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2305 Gray Street
About This Property
Surrounded by a mix of new construction homes, townhomes, and ongoing redevelopment, this site is well-positioned for investors, or buyers looking to capitalize on the area's continued growth. Enjoy convenient access to professional sports venues, restaurants, entertainment, universities, and Houston's expanding employment centers. This centrally located lot presents an outstanding opportunity in one of Houston's most sought-after growth corridors. Buyer should independently verify lot dimensions, utilities, zoning, deed restrictions, and development requirements.
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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 |
|---|---|---|---|
| Jul 2, 2026 | Listed by Womack Development & Investment Realtors | $250,000 | |
| Listed by Womack Development & Investment Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017