44
Map
$995,000
●
House -
For Sale
5627 Spindle Drive
Houston, TX 77086
3 Beds
3 Baths
2,209 Ft²
$5,315
Est. Monthly
About This Property
Unrestricted CORNER Lot with Endless Possibilities! Unlock the full
potential of this unrestricted CORNER property, 3 bedroom and 2
flex rooms, office/study space, 3 bathrooms and lot more ideal for
a wide range of uses including residential, or mixed-use
development. Whether you're looking for your primary home, home
office or pursue a multi-use investment, this location offers
limitless opportunities to suit your vision. Perfect for
homeowners, entrepreneurs, and investors alike, this rare find
provides exceptional flexibility and visibility. Take advantage of
the strategic location and versatile zoning to bring your project
to life. Prime location minutes away from Hwy 249, Hwy 290, Beltway
8, easy access to Mayor Highways, shopping centers, commercial and
residential on surrounding areas. LOW TAXES & NO HOA. (Please look
at the photos for more descriptions).
Unit Size
2,209 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$450
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1976
Listed By
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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: 2 months ago (HAR #35435782)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Listed by Walzel Properties - Corporate Office | $995,000 | |
| Listed by Walzel Properties - Corporate Office | |||
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Has Carport
Has Open Parking
Parking Features: Additional Parking, Converted Garage, Driveway, Workshop in Garage, Attached/Detached Garage, Attached & Detached
Interior Details
Full Bathrooms: 3
Interior Features: High Ceilings, Vaulted Ceiling(s), Formal Entry/Foyer, Primary Bed - 1st Floor, Sitting Area, Split Plan, Walk-In Closet(s)
Appliances: Microwave, Gas Range, Freestanding Oven
Flooring Type: Concrete, Tile
Laundry Features: Washer Hookup
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Exterior Details
Square Footage: 2209
Architectural Style: Other, Traditional
Year Built: 1976
Building Area Total: 2209
Other Structures: Shed(s), Workshop, Detached Gar Apt /Quarters
Window Features: Window Coverings
Construction Materials: Brick
Patio and Porch Features: Covered, Patio, Porch
Lot Features: Corner Lot, Subdivided, 1/4 Up to 1/2 Acre
Lot Size Area: 0.3925
Lot Size Units: Acres
Lot Size Acres: 0.3925
Lot Size Square Feet: 17097.3
Water Source: Well
Financial Details
Tax Annual Amount: $5,152
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Natural Gas
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Recreation Farms
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Currently no similar homes aroundNearby Rentals
Listed by: Lina Botero, Walzel Properties - Corporate Office
Last Updated: 2 months ago
Data Source: HAR , MLS# 35435782
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Last Updated: 2 months ago
Data Source: HAR , MLS# 35435782
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