$235,000 Last Listed Price
●
Land -
Off Market
2508 Gray Street
Houston, TX 77003
Studio
0 Bath
$292,217
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Excellent location, with easy access to downtown, Galleria, and the
medical center. Property is surrounded by new construction.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
Land
Property Taxes
$254
HOA Dues
-
Year Built
1912
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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: 5 months ago (HAR #26506534)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2025 | Listed by Legend Living Real Estate | $499,000 | |
| Listed by Legend Living Real Estate | |||
| | |||
|
Welcome to 2508 Gray Street - a rare gem in East Downtown Houston. This beautifully designed 3-bedroom, 3.5-bath home sits in a private three-home gated community on a quiet street with bike lanes. Each spacious bedroom features its own en-suite bath, walk-in closet, and upgraded ceiling fan. Enjoy skyline views from the balcony and the comfort of an open-concept layout filled with natural light. Located less than 2 miles from Downtown, Toyota Center, Minute Maid Park, George R. Brown Convention Center, and UH, with easy access to the Medical Center and Galleria. The lease includes newly installed appliances: washer, dryer, refrigerator, dishwasher, and microwave. Thoughtfully crafted and move-in ready, this home offers elevated comfort, modern finishes, and prime location all in one. Don't miss the opportunity to call this exceptional property your home. Schedule your showing today!
| |||
| Sep 1, 2024 | No longer available | - | |
| No longer available | |||
| Aug 5, 2024 | Listed by Compass RE Texas, LLC - Houston | $509,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
| | |||
|
Introducing an exquisite new construction nestled in a neighborhood just minutes east of downtown. This sophisticated three-story residence offers 3 bedrooms and 3 1/2 bathrooms. The 2nd floor serves as the central hub, showcasing an expansive open layout seamlessly integrating the kitchen, dining, & living areas. The kitchen, adorned with luxurious quartz countertops, stainless steel appliances, & abundant storage space, is a haven for culinary enthusiasts. A thoughtful bar with storage for wine & sundries is just off the dining. Step onto the balcony from the living room onto an idyllic setting for both casual gatherings & serene moments of reflection. Ascend to the 3rd floor to discover the primary suite, a sanctuary of tranquility. Positioned in a prime location, this residence offers prime access to nearby universities and downtown attractions like Toyota Center, Shell Energy Stadium, & the convention center. Don't miss the opportunity to make this exceptional new home your own.
| |||
| Aug 4, 2024 | No longer available | - | |
| No longer available | |||
| Jun 1, 2024 | Price Decreased |
$509,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
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About South Central Houston
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Listed by: Reza Mousighi, Sina Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 26506534
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Last Updated: 5 months ago
Data Source: HAR , MLS# 26506534
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