902 Oak St Houston, TX 77018
This exceptional 1.16-acre property, located at 902 Oak St in Houston, Texas (zip code 77018), presents a compelling redevelopment opportunity. Currently zoned for multifamily use, this 100% vacant lot offers significant potential for the construction of townhomes or garden-style apartments. Situated in the up-and-coming Lowell Heights neighborhood, just west of North Shepherd and adjacent to the desirable Garden Oaks District, this property benefits from a prime location with excellent growth prospects. The asking price is $2,650,000. The property's size and location make it an ideal investment for developers seeking to capitalize on the increasing demand for housing in this rapidly developing area of Harris County. The site's vacant status allows for complete design flexibility, enabling the creation of a modern and highly desirable residential community. This is a rare chance to acquire a substantial land parcel in a thriving Houston neighborhood, offering significant long-term investment potential. The property is classified as multifamily and land. This is a price-reduced offering, presenting an even more attractive investment opportunity.
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Whispering Oaks Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.