7
Map
$195,000
●
Land -
For Sale
3 Bace Court
Houston, TX 77007
Studio
0 Bath
$1,213
Est. Monthly
About This Property
Prime lot in the Rice Military/Washington Corridor area, just
blocks from the Heights and walking distance to popular restaurants
and bars. Lot is approx. 30' x 100' per survey (included), with
city utilities, low taxes, and no HOA. Not in a flood zone and no
restrictions, making it ideal for single-family, duplex,
multifamily, short-term rental use, or buy-and-hold. Quiet dead-end
street location offers privacy while still being in the center of
everything. Perfect for builders, investors, or anyone looking to
create a custom home or income-producing property in a prime
Houston location. A rare opportunity in one of Houston's most
sought-after urban neighborhoods.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
$255
HOA Dues
-
Year Built
-
Listed By
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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 #36241557)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 9, 2026 | Listed by R. Alexa Group | $195,000 | |
| Listed by R. Alexa Group | |||
| Jan 29, 2026 | Sold | ||
| Sold | |||
| Dec 19, 2025 | Listed by La Palma Realty | $159,000 | |
| Listed by La Palma Realty | |||
 | |||
|
Discover the potential of 3 Bace Ct, a versatile lot located near major Houston corridors with quick access to Hwy 288 and Beltway 8. This property offers a great opportunity. With no known restrictions or HOA, you have the freedom to customize the space to your needs. Its convenient location near commercial areas, schools, and residential developments makes it ideal for investors or users seeking flexible land in a growing part of Houston. This lot provides a rare chance to secure affordable land with excellent accessibility and multiple possible uses. Utilities and use must be verified.
| |||
| Dec 1, 2021 | Sold | ||
| Sold | |||
| Sep 28, 2021 | Listed by NB Elite Realty | $135,000 | |
| Listed by NB Elite Realty | |||
| | |||
|
Amazing lot opportunity near Rice Village!!! Fantastic location close to many restaurants and bars. Great place to build your dream home with downtown views. Great school district and perfect for families. Survey is in the attachments.
| |||
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Property Highlights
Exterior Details
Lot Features: Other, Cleared, 0 Up To 1/4 Acre
Lot Size Area: 0.0696
Lot Size Units: Acres
Lot Size Acres: 0.0696
Lot Size Square Feet: 3031.776
Water Source: Public
Financial Details
Tax Annual Amount: $3,060
Utilities Details
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
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Listed by: Obinna Duru, R. Alexa Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 36241557
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Last Updated: 5 months ago
Data Source: HAR , MLS# 36241557
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