$270,000
↓ $15K (6.4%)
●
Condo -
Off Market
4900 Floyd Street #5
Houston, TX 77007
2 Beds
2 Baths,
1
Half Bath
1,038 Ft²
$2,227
Est. Monthly
$451
HOA / Fees
6.71%
Cap Rate
About This Property
Great investment loft condo in a gated community in the heart of
Rice Military/Washington Corridor! Walking distance to Memorial
Park, Buffalo Bayou Trails, acclaimed restaurants, bars and shops.
New bike trail will be an added addition. The unit features 2
bedrooms, 1.5 baths and a 1-car attached garage. The
living/dining combo features a 2 story vaulted ceiling with lots of
natural light, a fireplace, and laminate floors. Updated kitchen
features granite countertop and stainless steel appliances.
Tastefully renovated full bath offers granite countertop and
jetted bath tub. Well maintained gated property with pool and one
extra parking spot in front of the building. The current lease
expires August 2024. New owner must honor current lease
agreement. Monthly HOA includes insurance and maintenance of
the exterior building, common area, landscaping, community pool,
water, and trash.
Unit Size
1,038 Ft²
Days on Market
-
Land Size
-
Price per sqft
$260
Property Type
Condo
Property Taxes
$450
HOA Dues
$451
Year Built
-
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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: 3 years ago (HAR #22307689)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2025 | Price Decreased |
$220,000
↓ $15K
(6.4%) | |
| Price Decreased | |||
| Dec 13, 2024 | No longer available | - | |
| No longer available | |||
| Dec 12, 2024 | Listed | $235,000 | |
| Listed | |||
| | |||
|
Stunning loft condominium situated within a secure gated community in the vibrant Rice Military/Washington Corridor area! Conveniently located within walking distance to Memorial Park, Buffalo Bayou Trails, renowned dining spots, bars, and boutique shops. Plus, a new bike trail is set to enhance the area's charm. This unit boasts 2 bedrooms, 1.5 baths, and a 1-car attached garage. The living/dining area features a captivating 2-story vaulted ceiling, flooding the space with natural light, complemented by a cozy fireplace and laminate flooring. The updated kitchen showcases granite countertops and stainless steel appliances. A beautifully renovated full bath offers granite countertops and a luxurious jetted bathtub. The gated property is meticulously maintained and includes amenities such as a pool and an additional parking spot in front of the building. Monthly HOA dues cover insurance, exterior building maintenance, landscaping, community pool upkeep, water, and trash removal.
| |||
| Oct 30, 2024 | No longer available | - | |
| No longer available | |||
| Oct 29, 2024 | Listed by RE/MAX Signature | $245,000 | |
| Listed by RE/MAX Signature | |||
| | |||
|
Stunning loft condominium situated within a secure gated community in the vibrant Rice Military/Washington Corridor area! Conveniently located within walking distance to Memorial Park, Buffalo Bayou Trails, renowned dining spots, bars, and boutique shops. Plus, a new bike trail is set to enhance the area's charm. This unit boasts 2 bedrooms, 1.5 baths, and a 1-car attached garage. The living/dining area features a captivating 2-story vaulted ceiling, flooding the space with natural light, complemented by a cozy fireplace and laminate flooring. The updated kitchen showcases granite countertops and stainless steel appliances. A beautifully renovated full bath offers granite countertops and a luxurious jetted bathtub. The gated property is meticulously maintained and includes amenities such as a pool and an additional parking spot in front of the building. Monthly HOA dues cover insurance, exterior building maintenance, landscaping, community pool upkeep, water, and trash removal.
| |||
Show More
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Garage Features: Attached Garage
Garage: 1 Spaces
Parking Features: Additional Parking, Auto Garage Door Opener
Interior Details
Bedrooms: 2
Bedrooms: Primary Bed - 1st Floor
Full Bathrooms: 1
Half Bathrooms: 1
Master Bathrooms: 0
Interior Features: Fire/Smoke Alarm, High Ceiling, Refrigerator Included, Window Coverings
Appliances: Dryer Included, Refrigerator, Washer Included
Laundry LocationType: Utility Rm in House
Kitchen Features: Kitchen open to Family Room
Flooring: Carpet, Laminate
Fireplaces: 1
Living Area SqFt: 1038
Exterior Details
Ownership Type: Full Ownership
Year Built: 1985
Year Built Source: Appraisal District
Home Type: Townhouse/Condo
Property Sub Type: Condominium
Architectural Style: Traditional
Construction materials: Wood
Foundation: Slab
Roof: Composition
Exterior Features: Fenced, Front Green Space
Financial Details
Total Taxes: $5,395
Tax Year: 2023
Tax Rate: 2.2019
Parcel Number: 116-435-002-0008
Utilities Details
Heating Type: Central Electric
Cooling Type: Central Electric
Sewer Septic: Public Sewer, Public Water
Location Details
Location: From 1-10 and Durham: head South on Durham, turn right on Floyd Street. The complex is located on yourright.
Subdivision: Sandman Courts Condo
HOA Details
Other Fee: $125
HOA Fee: $451
HOA Fee Includes: Exterior Building, Grounds, Insurance, Limited Access Gates, Recreational Facilities, Trash Removal, Water and Sewer
HOA Fee Pay Schedule: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/15/2025
|
2 Bed
|
2 Bath
|
1228 ft²
|
$264,999
2 Bed
2 Bath
1228 ft²
|
-
-
|
Sally Harris
Coldwell Banker Realty
| |
|
07/18/2025
|
2 Bed
|
2 Bath
|
1228 ft²
|
$259,000
2 Bed
2 Bath
1228 ft²
|
$230,000
-11.20%
05/01/2026
|
Lacy DeSouza
Coldwell Banker Realty - Heights
| |
|
06/20/2025
|
2 Bed
|
1 Bath
|
936 ft²
|
$250,000
2 Bed
1 Bath
936 ft²
|
-
-
|
Huy Dinh
Keller Williams Signature
| |
|
01/13/2024
|
2 Bed
|
2 Bath
|
1038 ft²
|
$270,000
2 Bed
2 Bath
1038 ft²
|
-
-
|
Carrie Lam
RE/MAX Signature Galleria
| |
|
07/13/2023
|
2 Bed
|
2 Bath
|
1038 ft²
|
$270,000
2 Bed
2 Bath
1038 ft²
|
-
-
|
Jeri Jensen
Circa Real Estate LLC
| |
|
06/24/2023
|
2 Bed
|
2 Bath
|
936 ft²
|
$285,500
2 Bed
2 Bath
936 ft²
|
$275,000
-3.68%
08/04/2023
|
Ariel Villarreal
Coldwell Banker Realty - Heights
| |
|
06/03/2023
|
2 Bed
|
2 Bath
|
1228 ft²
|
$275,000
2 Bed
2 Bath
1228 ft²
|
$263,000
-4.36%
06/27/2023
|
Anthony Bruti
1 Percent Lists Bruti Group
| |
|
10/20/2021
|
2 Bed
|
2 Bath
|
936 ft²
|
$254,900
2 Bed
2 Bath
936 ft²
|
$250,000
-1.92%
02/03/2022
|
Karmen Kelley
Keller Williams Realty Metropolitan
| |
|
06/17/2021
|
2 Bed
|
2 Bath
|
936 ft²
|
$249,900
2 Bed
2 Bath
936 ft²
|
$249,900
08/06/2021
|
Katy To
eXp Realty LLC
| |
|
03/22/2021
|
2 Bed
|
1 Bath
|
936 ft²
|
$235,000
2 Bed
1 Bath
936 ft²
|
$240,000
+2.13%
06/01/2021
|
Judy Cohen
Martha Turner Sotheby's
| |
|
09/21/2018
|
2 Bed
|
2 Bath
|
936 ft²
|
$215,000
2 Bed
2 Bath
936 ft²
|
$195,000
-9.30%
01/25/2019
|
Betty Haynes
Hometeq Real Estate
| |
|
08/13/2018
|
2 Bed
|
2 Bath
|
1228 ft²
|
-
2 Bed
2 Bath
1228 ft²
|
-
-
|
-
|
Building Info
About Central Houston
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$1,800 /mo
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Listed by: Carrie Lam, RE/MAX Signature
Last Updated: 3 years ago
Data Source: HAR , MLS# 22307689
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Last Updated: 3 years ago
Data Source: HAR , MLS# 22307689
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