13
Map
$355,000
●
Land -
For Sale
5907 Knox Street
Houston, TX 77091
Studio
0 Bath
$2,057
Est. Monthly
About This Property
This prime 15,648-square-foot parcel presents a rare and lucrative
development opportunity, having already been successfully
subdivided into three distinct lots. Located in a highly desirable
neighborhood, this expansive property is perfectly positioned for
builders, investors, or a buyer looking to create a multi-family
compound. By saving you the immense time, paperwork, and expense
typically required for the subdivision process, this shovel-ready
land allows you to fast-track your construction timeline
immediately. Each individual lot offers ample footprint potential
to design and build high-demand custom homes, modern townhouses, or
income-generating rental properties. The surrounding area boasts
established utilities, convenient road access, and close proximity
to top-rated schools, vibrant shopping districts, and major
commuter routes. Opportunities of this scale and readiness are
incredibly scarce, making this a true standout for smart portfolio
growth. ACROSS FROM 914 ARMADA DR
Unit Size
-
Days on Market
-
Land Size
0.36 acres
Price per sqft
-
Property Type
Land
Property Taxes
$314
HOA Dues
-
Year Built
2003
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (HAR #59215751)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 16, 2026 | Listed by Brooks & Davis Real Estate | $355,000 | |
| Listed by Brooks & Davis Real Estate | |||
| May 21, 2026 | Listed by Brooks & Davis Real Estate | $365,000 | |
| Listed by Brooks & Davis Real Estate | |||
   | |||
|
This prime 15,648-square-foot parcel presents a rare and lucrative development opportunity, having already been successfully subdivided into three distinct lots. Located in a highly desirable neighborhood, this expansive property is perfectly positioned for builders, investors, or a buyer looking to create a multi-family compound. By saving you the immense time, paperwork, and expense typically required for the subdivision process, this shovel-ready land allows you to fast-track your construction timeline immediately. Each individual lot offers ample footprint potential to design and build high-demand custom homes, modern townhouses, or income-generating rental properties. The surrounding area boasts established utilities, convenient road access, and close proximity to top-rated schools, vibrant shopping districts, and major commuter routes. Opportunities of this scale and readiness are incredibly scarce, making this a true standout for smart portfolio growth. ACROSS FROM 914 ARMADA DR
| |||
| Apr 30, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 2, 2026 | Listed by The Reyna Group | $500,000 | |
| Listed by The Reyna Group | |||
| | |||
|
Prime development opportunity totaling 15,648 square feet, comprised of three buildable lots (5,215 SF each, being sold together) in a high-growth area with substantial new construction underway (see attached Survey). Build three homes or subdivide lots to do many different townhomes (by approval of permitting department). Over 217 feet of frontage along Armada ST. No HOA restrictions. Perfect for spec builders, developers, or long-term investors seeking appreciation potential. Hold for future value or develop now to capitalize on neighborhood momentum. Close proximity to I-45 and Shepherd Drive enhances accessibility and resale appeal.
| |||
Show More
Property Highlights
Exterior Details
Lot Features: Subdivision, 0 Up To 1/4 Acre
Lot Size Area: 0.3592
Lot Size Units: Acres
Lot Size Acres: 0.3592
Lot Size Square Feet: 15648
Water Source: Public
Financial Details
Tax Annual Amount: $3,765
Utilities Details
Sewer : Public Sewer
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 North Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Andre Beraud, Brooks & Davis Real Estate
Last Updated: 3 months ago
Data Source: HAR , MLS# 59215751
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 3 months ago
Data Source: HAR , MLS# 59215751
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017