25
Map
8007 Capitol Street
About This Property
This isn't just a renovation; it's a total transformation. Fully updated in 2025, this home stands out with a 16-inch raised foundation (previously raised by 18 inches for a total of 34), offering superior elevation and structural integrity. In addition the city of Houston has made tremendous effords to Improve, Upgrade Utility Services Street Condition and to Reduce Flooding Risk.
The interior boasts an inviting open-concept design, connecting the living and dining areas effortlessly. Outside, the detached studio provides the quiet workspace you've been looking for. Enjoy the benefits of living on the edge of Downtown Houston while taking advantage of lower property taxes. Truly a move-in-ready gem.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 6, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Apr 30, 2026 | Listed by Tower Perla Realty | $269,000 | |
| Listed by Tower Perla Realty | |||
| Nov 25, 2018 | No longer available | - | |
| No longer available | |||
| Oct 22, 2018 | Price Decreased |
$194,900
↓ $5K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017