2331 Addison Road
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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%.
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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.
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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 26, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 18, 2025 | Listed by Compass RE Texas, LLC - Houston | $1,495,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Beautifully updated home in sought-after Windermere, just steps from Roberts Elementary, Rice Village, and the Texas Medical Center! This 4-bedroom, 4-bath home offers first-floor living with formal dining and a formal living area, ideal for both everyday life and entertaining. The renovated kitchen showcases marble counters, custom details, and stainless appliances. Light and bright primary bedroom on the main level features a spacious ensuite bath with marble countertops. Secondary bedroom upstairs with adjoining playroom/flex space offers versatility, while two additional bedrooms down are generously sized with access to updated full baths. Upstairs media room features a bar area and opens to a home office, ideal for working from home. The backyard is a private retreat with a patio, new fence, and mosquito system. Additional highlights include a whole-house generator, newly replaced roof, both AC units replaced, and numerous interior/exterior upgrades. *All information per Seller
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| May 28, 2021 | Sold | ||
| Sold | |||
| Apr 15, 2021 | Listed by Martha Turner Sotheby's | $1,079,000 | |
| Listed by Martha Turner Sotheby's | |||
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Steps away from Roberts Elementary and a few blocks from Rice Village in Windermere! You would never know from the front elevation that this home has 3,061 SF, 4 bdrms, and 4 baths! This special home has been updated and transformed while still maintaining its vintage charm! High end features include natural White Oak hrdwd floors, white washed cedar beam, Quartz countertops, seagrass carpet, designer lighting, and turf backyard! Open kitchen w/Viking gas range, brass light fixtures, quartz counter top, breakfast bar, subway tiled backsplash, and walk-in pantry w/barn door! Living rm w/gas fireplace! Primary bdrm down w/stunning primary bath + walk in closet! 2 additional bdrms down & 1 bdrm upstairs w/bathrm, + flex room that is the perfect office/playrm. 2nd staircase leads to a huge den/gamerm featuring a wet bar, access to covered balcony, + desk space! Updated plumbing, LED lights, and insulated windows! Turfed backyard + room for a pool! This home is a true gem!
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About South Central Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 25903375
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