$650,000 Last Listed Price
●
Land -
Off Market
4202 Airline Drive
Houston, TX 77022
Studio
0 Bath
$651,090
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
APPROXIMATELY HALF AN ACRE consisting of FOUR CONTIGUOUS LOTS with
about 200 FEET OF FRONTAGE ON AIRLINE DR! The property runs
the ENTIRE BLOCK end to end from Neyland St. to Johnston St.
This property is located on the edge of the BURGEONING
INDEPENDENCE HEIGHTS area where land prices are still reasonable.
Great for a business or a residential development.
There is a concrete area already in place that could be used
for a parking lot and/or possibly a foundation - if needed.
The city recently added a new sidewalk. There is NEW
RESIDENTIAL CONSTRUCTION WITHIN BLOCKS OF THE PROPERTY on the other
side of Airline Dr. The Whole Foods Market on Yale St. is 2
miles/6 minutes away, near the Heights/Garden Oaks area, ABOUT 10
minutes/6 miles FROM DOWNTOWN, LESS THAN ONE MILE TO THE IH-610
LOOP, and 00.3 MILES TO IH-45.
Unit Size
-
Days on Market
-
Land Size
0.66 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,159
HOA Dues
-
Year Built
1935
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 4 months ago (HAR #23312609)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| Mar 30, 2023 | Listed by Brombacher & Co. | $650,000 | |
| Listed by Brombacher & Co. | |||
| | |||
|
APPROXIMATELY HALF AN ACRE consisting of FOUR CONTIGUOUS LOTS with about 200 FEET OF FRONTAGE ON AIRLINE DR! The property runs the ENTIRE BLOCK end to end from Neyland St. to Johnston St. This property is located on the edge of the BURGEONING INDEPENDENCE HEIGHTS area where land prices are still reasonable. Great for a business or a residential development. There is a concrete area already in place that could be used for a parking lot and/or possibly a foundation - if needed. The city recently added a new sidewalk. There is NEW RESIDENTIAL CONSTRUCTION WITHIN BLOCKS OF THE PROPERTY on the other side of Airline Dr. The Whole Foods Market on Yale St. is 2 miles/6 minutes away, near the Heights/Garden Oaks area, ABOUT 10 minutes/6 miles FROM DOWNTOWN, LESS THAN ONE MILE TO THE IH-610 LOOP, and 00.3 MILES TO IH-45.
| |||
Property Highlights
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 North Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jackie Melchor, Brombacher & Co.
Last Updated: 4 months ago
Data Source: HAR , MLS# 23312609
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 4 months ago
Data Source: HAR , MLS# 23312609
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017