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Property profile & analytics
OFF-MARKET
Land

902 Oak St Houston, TX 77018

1.16 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.16 ac (50,530 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Whispering Oaks Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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