4315 Reed Road
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 |
|---|---|---|---|
| Jul 16, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 15, 2026 | Listed by Brooks & Davis Real Estate | $349,900 | |
| Listed by Brooks & Davis Real Estate | |||
| Jul 4, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 3, 2026 | Listed by Brooks & Davis Real Estate | $399,900 | |
| Listed by Brooks & Davis Real Estate | |||
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This prime 26428 square foot corner lot sits at the highly visible intersection of Reed Road and Ferdinand Street, offering an exceptional development opportunity in a rapidly growing pocket of Houston, Texas. Boasting expansive street frontage and optimal accessibility, this cleared and level parcel provides a versatile canvas perfectly suited for a multi-unit residential project, a custom estate, or a strategic commercial venture. The dynamic neighborhood is experiencing significant revitalization, making this an ideal timing window for investors and builders looking to capitalize on the area's upward trajectory. Residents or future patrons will enjoy seamless connectivity to major Houston thoroughfares, ensuring quick commutes to the Texas Medical Center, downtown, and local retail hubs. This corner property combines location, size, and accessibility to deliver unmatched potential for your next signature development.
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Property Highlights
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About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017