715 Malone Street
About This Property
Recent upgrades include fresh paint throughout, honed & polished travertine tiling and countertops, brand new outdoor awnings, and new backyard landscaping! Schedule your viewing today!
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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%.
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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 |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 10, 2024 | Listed by Engel & Volkers Houston | $610,000 | |
| Listed by Engel & Volkers Houston | |||
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Welcome to this stunning 3-story Mediterranean-style home in the desirable Rice Military/Washington Corridor. This 3-bedroom, 3.5-bath home is move-in ready and has been meticulously updated. This home features an open floor plan, spacious kitchen with island cooktop, and gorgeous decorative accents—perfect for entertaining! In addition to the home’s two-car garage, reserved parking is available in the interior community’s 6-car private driveway. The master suite boasts a walk-in closet, private balcony, and relaxing bath and waterfall shower. Enjoy outdoor living with a fully fenced backyard and four balconies throughout—coveted outdoor space so near Downtown and the Galleria! Centrally located near restaurants, Memorial Elementary, and only a short walk to Memorial Park.
Recent upgrades include fresh paint throughout, honed & polished travertine tiling and countertops, brand new outdoor awnings, and new backyard landscaping! Schedule your viewing today!
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| Jun 30, 2024 | Listed by Equity Real Estate | $625,000 | |
| Listed by Equity Real Estate | |||
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715 Malone Street is a charming Mediterranean-style villa nestled in the heart of Rice Military. This 3-bedroom, 3.5-bath villa is part of an intimate community of five homes -just a short walk from Memorial Park! With its own fully fenced backyard, this home is a unique find. The bedroom on the first floor overlooks the home's private, well-maintained backyard. The second floor features an open-concept living space, seamlessly extending the kitchen, living, and dining spaces with two balconies - perfect for indoor-outdoor living and entertaining! The third floor boasts two more balconies, the master bedroom, and a third bedroom. Each bedroom has its own en-suite bath! Adding to its appeal, this is one of only three single-family homes in the community with access to additional 24/7 reserved off-street parking!
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About Central Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 54620972
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