602 E Myrtle Street
About This Property
Previously operated as a salon, it features vintage charm with modern updates including fresh interior and exterior paint, updated vinyl plank and tile flooring, central electric HVAC, and a remodeled bathroom. The property is handicap accessible and offers easy access to major highways, making it ideal for a boutique, office, studio, or live/workspace.
The oversized lot provides ample backyard space for outdoor use or future expansion. Lot and building can be separated, and the owner is open to splitting the property.
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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 21, 2026 | Listed by AM Real Estate Group, LLC | $299,000 | |
| Listed by AM Real Estate Group, LLC | |||
| May 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 28, 2026 | Price Decreased |
$299,000
↓ $50K
(14.3%) | |
| Price Decreased | |||
| Oct 14, 2025 | Listed by AM Real Estate Group, LLC | $349,000 | |
| Listed by AM Real Estate Group, LLC | |||
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Welcome to 602 E Myrtle St, a unique mixed-use property in the heart of Angleton. Just two blocks from the Brazoria County Courthouse, building sits on a large corner lot with high visibility and flexible zoning for commercial or residential use. Previously operated as a salon, it features vintage charm with modern updates including fresh interior and exterior paint, updated vinyl plank and tile flooring, central electric HVAC, and a remodeled bathroom. Handicap accessible and offering easy access to major highways, this property is perfect for a boutique, office, studio, or live/workspace. The oversized lot provides ample backyard space for outdoor use or future expansion. Don’t miss this opportunity to turn your dream business into reality in a prime Angleton location.
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| Jan 3, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017