401 Florence Street
About This Property
Enjoy the character of an established neighborhood w/ the convenience of local restaurants, shops, & entertainment just blocks away. Situated on a corner lot, this 2 bed, 1 bath home offers 1,322 sqft of living space, hardwood floors, and timeless charm.
Recent improvements include an updated bathroom, roof, A/C, & water heater.
The backyard features mature shade trees, fenced yard, & covered back porch w/ plenty of room to relax or entertain.
And the location? That's where this property really shines. Just 2 blocks from Market Street, approx 0.3 miles from Every-Bellies & The Empty Glass, & 0.5 miles from Tejas Chocolate+Barbecue. Enjoy easy access to the restaurants, boutiques, & community events that make Historic Downtown Tomball such a special place.
No HOA. Historic charm. An exceptional downtown Tomball location.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by Keller Williams Realty The Woodlands | $350,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| Feb 4, 2020 | Sold | ||
| Sold | |||
| Jan 9, 2020 | Listed by Turner Ringgold Real Estate | $189,900 | |
| Listed by Turner Ringgold Real Estate | |||
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Charming home full of character right in the heart of Tomball! Corner lot located on 2 lots! Features include gorgeous original wood floors, vintage doors throughout, lots of big windows with 2” blinds. Extra room off kitchen can be a study, storage, etc. Refrigerator included. Spacious master with extra room attached. Great for an additional large closet, study, or nursery. Appraisal district shows 2 bedrooms. Seller turned dining room into 3rd bedroom. Can easily be turned back. Huge utility room w/loads of storage! This home offers an unbelievable amount of storage. Inviting back porch overlooks large backyard. Detached 2 car garage has work area and shelving for storage. Close to downtown Tomball. This pristine home will not last long!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017