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5017 Terry Street
About This Property
Enjoy close proximity to The Heights, Downtown Houston, the Texas Medical Center, Uptown/Galleria, and West University, with multiple commuter routes nearby. This property offers tremendous upside potential for investors, renovators, or buyers seeking their next project. While the home requires updating and renovations, it features solid bones and a strong foundation for redevelopment or value-add improvements. Aggressively priced to sell and positioned in a high-demand location, this opportunity is not expected to last long.
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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 9, 2026 | Sold | ||
| Sold | |||
| Jun 22, 2026 | In contract | - | |
| In contract | |||
| Jun 7, 2026 | Listed by Coldwell Banker Realty - Heights | $155,000 | |
| Listed by Coldwell Banker Realty - Heights | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017