$199,999
↓ $20K (9.1%)
●
House -
For Sale
602 Riveredge Drive
Richmond, TX 77406
3 Beds
1 Bath
1,512 Ft²
$1,117
Est. Monthly
About This Property
Brazos Riverfront fixer-upper opportunity situated on two combined
lots totaling approximately 38,811 square feet-nearly an acre. The
existing home features two bedrooms, one bathroom, and a den or
flex room that can be adapted to suit the buyer's needs. Backing to
the Brazos River, the property offers an expansive setting
surrounded by natural scenery while remaining convenient to
Richmond-area shopping, amenities, and major roadways. Renovate the
existing home and create a space of your own, or explore the
property's other possibilities. With its generous lot size and
riverfront location, this property offers considerable potential
for a buyer ready to bring a new vision to life. Property is being
sold as-is.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$132
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1955
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: 19 days ago (HAR #26329399)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$199,999
↓ $20K
(9.1%) | |
| Price Decreased | |||
| Sep 8, 2026 | Listed by United Real Estate | $220,000 | |
| Listed by United Real Estate | |||
| Mar 13, 2025 | Listed | $220,000 | |
| Listed | |||
| | |||
|
Brazos Riverfront, fixer-upper opportunity on nearly an acre property. Situated on an expansive 38,811 sqft lot( two lots combined), this 3-bedroom, 1-bathroom home offers a unique opportunity to create your ideal living space in Richmond. This property back-up to the Brazos River and provides a peaceful setting surrounded by natural beauty, while still being conveniently located near local amenities, shopping, and major roadways. This home is a great opportunity for buyers looking to customize a property to their needs. Whether you choose to renovate or build new, the lot size and prime location offer plenty of potential.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: All Bedrooms Down
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 1512
Architectural Style: Other
Year Built: 1955
Building Area Total: 1512
Construction Materials: Other, Wood Siding
Lot Features: Other, 1/2 Up to 1 Acre
Lot Size Area: 0.439
Lot Size Units: Acres
Lot Size Acres: 0.439
Lot Size Square Feet: 19122.84
Water Source: Public
Financial Details
Tax Annual Amount: $1,612
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Other
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
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HOA + Taxes
About Edgewood
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Listed by: Sergio Hidalgo, United Real Estate
Last Updated: 19 days ago
Data Source: HAR , MLS# 26329399
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Last Updated: 19 days ago
Data Source: HAR , MLS# 26329399
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