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    Houston East End Investment Opportunity Title is generated by Realmo AI

    302 S 72nd St, Houston, TX 77011

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    Claim this Listing
    For Sale
    $134,900

    Two buildings on a corner lot ready for renovation.

    Type:Investment
    Property size:
    760 SF
    Price / SF:
    $177/SF
    Added:
    Apr 24, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 24 at 3:14 pm

    Property Features for 302 S 72nd St

    General Information

    Standard status
    Active
    Size
    760 SF
    Property subtype
    Investment

    Building Details

    Year Built
    1946

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    Listing Contact
    Yvette Maldonado

    Listing agent Yvette Maldonado

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Yvette Maldonado

    HighLights

    • Prime corner lot location in Houston's rapidly transforming East End.
    • Two separate buildings: a 760 sqft 2‑bedroom, 1‑bathroom home and a detached 500 sqft 1‑bedroom, 1‑bathroom unit.
    • Exceptional investment opportunity with versatile setup for rental income or multi‑generational living.
    • Ready for full renovation, offering a blank canvas to capitalize on surging demand and revitalization.
    • Close proximity to the University of Houston, the Texas Medical Center, and Navigation Boulevard's dining and culture.
    • Easy access to the upcoming 2026 World Cup festivities in nearby EaDo.

    Overview

    This investment opportunity is located on a corner lot in Houston's East End. The property includes two separate buildings on one parcel. The front structure is a 760-square-foot home with two bedrooms and one bathroom. The detached rear unit is 500 square feet and contains one bedroom and one bathroom. Both buildings are ready for renovation. The property is near the University of Houston, the Texas Medical Center, and Navigation Boulevard. The location provides access to the upcoming 2026 World Cup festivities in nearby EaDo. The bike score is 58, making it bikeable. The walk score is 75, indicating it is very walkable. The transit score is 50, indicating good transit.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $15.0k $19.80
    − Vacancy −$828 −$1.09
    EGI $14.2k $18.71
    − OpEx −$4.3k −$5.61
    NOI $10.0k $13.10
    760 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $142.2K
    $124.4K – $165.9K (±1% cap)
    NOI $9,954 @ 7.0% cap · market cap 7.38%
    Second Best
    Apartment 5plus
    $123.0K
    $107.6K – $143.5K (±1% cap)
    NOI $8,610 @ 7.0% cap · market cap 6.38%
    Theoretical Best
    Office A
    $195.4K
    $171.0K – $228.0K (±1% cap)
    NOI $13,680 @ 7.0% cap · market cap 10.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.2992075
    Latitude
    29.731943

    FAQs

    What type of property is this?
    Duplex - Two buildings on a corner lot ready for renovation.
    Where is this duplex located?
    The property is located at 302 S 72nd St Houston, TX.
    What is the asking price?
    The asking price for this property is $134,900.
    What are key features of this property?
    This property features: Prime corner lot location in Houston's rapidly transforming East End.; Two separate buildings: a **760 sqft 2‑bedroom, 1‑bathroom home and a detached 500 sqft 1‑bedroom, 1‑bathroom unit.**; Exceptional investment opportunity with versatile setup for rental income or multi‑generational living.
    More about this property
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