3
Map
$400,000
●
Land -
For Sale
978 Wall Street
Houston, TX 77088
Studio
0 Bath
$2,529
Est. Monthly
About This Property
Highland Heights land opportunity - nearly 3/4 acre (120' x 255')
just minutes from Downtown Houston, with room to build up to 14
townhome-style homes. Located in an Opportunity Zone, this lot
offers builders and developers a rare chance to bring a fresh
project to one of Houston's most exciting up-and-coming
neighborhoods, surrounded by new construction and steady
growth.
Easy access to I-45 makes commuting downtown simple, and the location keeps buyers close to everything the city has to offer. The lot sits outside the flood zone and has never flooded, which means a smoother permitting process and added peace of mind. A recent survey is already on hand, so boundaries are clear and verified from day one.
Opportunity Zone status may offer valuable tax benefits for the right buyer. Please note: the metal fence and gate are not included in the sale. A wonderful opportunity to build something great in a neighborhood on the rise - come take a look today.
Easy access to I-45 makes commuting downtown simple, and the location keeps buyers close to everything the city has to offer. The lot sits outside the flood zone and has never flooded, which means a smoother permitting process and added peace of mind. A recent survey is already on hand, so boundaries are clear and verified from day one.
Opportunity Zone status may offer valuable tax benefits for the right buyer. Please note: the metal fence and gate are not included in the sale. A wonderful opportunity to build something great in a neighborhood on the rise - come take a look today.
Unit Size
-
Days on Market
-
Land Size
0.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
$565
HOA Dues
-
Year Built
1940
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: 3 months ago (HAR #75387780)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 3, 2026 | Listed by NB Elite Realty | $400,000 | |
| Listed by NB Elite Realty | |||
| Sep 26, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2023 | Listed by JPAR - The Sears Group | $349,000 | |
| Listed by JPAR - The Sears Group | |||
| | |||
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This prime real estate opportunity boasts almost three-quarters of an acre located in an Opportunity Zone. With a lot size of 120 feet by 255 feet, this property is ideal for constructing up to 14 townhome-style single-family homes in a rapidly growing area with new construction projects abound. This lot is conveniently situated close to downtown Houston with easy access to 45, making it an attractive location for potential buyers. Additionally, the property is situated outside of the flood zone, which facilitates the permitting process, and has never flooded in the past. A recent survey of the property is available, providing an accurate depiction of the lot boundaries and enabling a potent ial buyer to make informed decisions. Please note that the metal fence and gate do not come with the sale of this property. This is an outstanding opportunity for a builder or developer to take advantage of the current market conditions and embark on their next successful project.
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Property Highlights
Exterior Details
Lot Features: Subdivision, 1/2 Up to 1 Acre
Lot Size Area: 0.7025
Lot Size Units: Acres
Lot Size Acres: 0.7025
Lot Size Square Feet: 30600.9
Water Source: Public
Financial Details
Tax Annual Amount: $6,777
Utilities Details
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
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HOA + Taxes
About North Houston
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Listed by: James Priddy, NB Elite Realty
Last Updated: 3 months ago
Data Source: HAR , MLS# 75387780
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Last Updated: 3 months ago
Data Source: HAR , MLS# 75387780
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