$380,000 Last Listed Price
●
House -
Off Market
931 Mitchell Road
Houston, TX 77037
3 Beds
2 Baths
2,186 Ft²
$2,251
Est. Monthly
About This Property
*1 Acre of Endless potential in a prime location, offering
the perfect blend of residential and commercial possibilities. With
no restrictions, this open canvas is ready for you to bring your
vision to life whether you're looking to build, invest, or create
the perfect live/work setup.
The property features horse stables making it ideal for equestrian use or conversion into another income-producing venture. The main home offers 3 bedrooms and 2 baths with some improvements already started-an excellent project for customization. This unique property will be sold as-is. Don't miss the chance to turn this into your dream investment or business opportunity.
The property features horse stables making it ideal for equestrian use or conversion into another income-producing venture. The main home offers 3 bedrooms and 2 baths with some improvements already started-an excellent project for customization. This unique property will be sold as-is. Don't miss the chance to turn this into your dream investment or business opportunity.
Unit Size
2,186 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$174
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1949
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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: 9 months ago (HAR #39405045)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Jan 3, 2026 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 5, 2025 | Listed by Century 21 Garlington & Assoc. | $380,000 | |
| Listed by Century 21 Garlington & Assoc. | |||
| Oct 2, 2025 | Listed by Century 21 Garlington & Assoc. | $550,000 | |
| Listed by Century 21 Garlington & Assoc. | |||
| | |||
|
Endless potential awaits with this 1-acre property in a prime location, offering the perfect blend of residential and commercial possibilities. With no restrictions, this open canvas is ready for you to bring your vision to life whether you’re looking to build, invest, or create the perfect live/work setup.
The property features horse stables and a pen already in place, making it ideal for equestrian use or conversion into another income-producing venture. The main home offers 3 bedrooms and 2 baths with some improvements already started—an excellent project for customization.As a bonus, the property includes a container home (1 bed / 1 bath), adding extra value and flexibility for guests, rental income, or personal use.This unique property will be sold as-is. Don’t miss the chance to turn this into your dream investment or business opportunity.
| |||
Property Highlights
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 Houston
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Listed by: Ana Henriquez, Century 21 Garlington & Assoc.
Last Updated: 9 months ago
Data Source: HAR , MLS# 39405045
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Last Updated: 9 months ago
Data Source: HAR , MLS# 39405045
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