5519 Chapman Street
About This Property
Enjoy living near downtown Houston, inside the 610 loop. Also a great investment with a garage apartment for
extra income. Original wood floors.
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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 |
|---|---|---|---|
| Sep 17, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 2, 2025 | Price Decreased |
$289,000
↓ $11K
(3.5%) | |
| Price Decreased | |||
| Aug 5, 2025 | Price Decreased |
$299,500
↓ $11K
(3.4%) | |
| Price Decreased | |||
| Jul 28, 2025 | Price Decreased |
$310,000
↓ $15K
(4.6%) | |
| Price Decreased | |||
| Jul 11, 2025 | Listed by Compass RE Texas, LLC - The Heights | $325,000 | |
| Listed by Compass RE Texas, LLC - The Heights | |||
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Sept 2025: Both units leased. Welcome to Chapman, an updated multi-unit property that includes a main home PLUS garage apt with kitchen/bathroom. The main home offers 2 bedrooms + 1 bathroom. 2025 updates include kitchen, bathroom & refinished Oak hardwood floors as well as roof, HVAC and electrical panel updated within the last 3 years. The studio garage apt was fully updated in 2022. Located inside the 610 Loop in the rapidly emerging Near Northside, you're within 10 minutes of Downtown and The Heights, as well as an easy commute up north via 45 or Hardy Toll Road to Spring/The Woodlands. With 2 units under 350K, this is a great opportunity for an investor or an owner that wants to live in 1 unit and rent out the other to offset holding costs. No flooding pers seller. Welcome home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017