3
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3452 Elgin Street
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 |
|---|---|---|---|
| Jan 22, 2026 | Sold | ||
| Sold | |||
| Nov 1, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Listed by Womack Development & Investment Realtors | $200,000 | |
| Listed by Womack Development & Investment Realtors | |||
| Feb 1, 2025 | Listed | $229,900 | |
| Listed | |||
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Location! Location! Location! Nestled in a highly sought-after location just a few miles away from Minute Maid Park and mere streets away from Downtown HOUSTON. This expansive lot presents endless possibilities for investors, residential developers, and commercial builders alike. With its exceptional location and potential, it provides the perfect canvas to construct a luxurious home or a high-yielding investment property. The listing includes 2123 Elgin St lot (5,200 sqft). 3452 Elgin Street lot (5000sqft), 3622 Tuam Street (5000sqft) annd 3009 Napoleon Street(5000sqft). Each have their individual Tax ID as per HCAD. Excellent location to build your own custom home. Close to major highways/ freeways, Houston downtown, Medical center.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017