4817 Paula Street
About This Property
The approved design features two spacious units, each with 3 bedrooms and 2.5 bathrooms. The project was designed with construction efficiency and cost control in mind, providing a practical duplex layout intended to help keep construction costs competitive while maximizing the functionality and marketability of the finished units.
Lot Size: 62'X114'. Approved Building: 2442 SF duplex. Units:2. Each Unit: 3 bedrooms/2.5 bathrooms. City of Houston: Plan approved. Survey: Completed. Elevation Survey: Completed. Impact Fee: Paid. Applicable City Fees: Paid/completed. Development Status: Shovel-ready and ready to proceed toward construction.
The property sits just minutes from the 610 Loop and Highway 288, providing a streamlined commute to the Texas Medical Center, the University of Houston, and the central business district.
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Price Decreased |
$115,000
↓ $10K
(8%) | |
| Price Decreased | |||
| Sep 25, 2026 | Listed by Xiaohui Liu, Broker | $125,000 | |
| Listed by Xiaohui Liu, Broker | |||
| Jun 17, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Price Decreased |
$95,000
↓ $5K
(5%) | |
| Price Decreased | |||
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About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017