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5223 Clay Street
About This Property
Discover the potential of this 1956 gem located in a central and highly sought-after area! Just minutes from Downtown, the University of Houston, the Texas Medical Center, Midtown, and the vibrant dining and entertainment scene of EaDo, this 3-bedroom, 2-bath home offers unbeatable convenience and connectivity.
Situated with easy access to major freeways and public transportation, the location makes this property ideal for investors or buyers seeking a project with long-term value. Bursting with vintage character and original charm, the home is being sold as-is, presenting a unique opportunity to restore or reimagine to your vision. A quote was given to install central HVAC as well as foundation repair. Located in attachments.
Don't miss your chance to own in one of Houston's most dynamic areas!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 15, 2026 | Sold | ||
| Sold | |||
| Nov 25, 2025 | In contract | - | |
| In contract | |||
| Oct 20, 2025 | Price Decreased |
$220,000
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$225,000
↓ $10K
(4.3%) | |
| Price Decreased | |||
| Sep 16, 2025 | Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | $235,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017