1902 Ridgewood St, Houston, TX 77006
This exceptional 1,536 sq ft mixed-use property at 1902 Ridgewood St, Houston, TX 77006, is offered at $799,000 ($520.18/sq ft). The single-tenant, 100% occupied storefront, medical office, and creative office space is currently leased under a gross lease until April 29, 2025, with approximately 0.4 years remaining. Built in 1921, this one-story building sits on a large 6,550 sq ft lot, offering significant potential. The property boasts unique original character, including stained glass windows. Additional features include a built-in swimming pool and a two-story guest house complete with a kitchen and bathroom. The main house features a chef's kitchen, breakfast room, vaulted ceilings in the living room, a fireplace in the formal dining room, and two bedrooms and bathrooms located downstairs. The primary bedroom includes an en-suite bathroom and a stained glass window. Upstairs flex space adds versatility. The property is sold "as-is, where-is," and ample notice is required for showings. This unrestricted property presents a remarkable opportunity, especially considering the possibility of combining it with the adjacent 1901 Dunlavy property to create a continuous 10,000 sq ft lot (per HCAD).
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
Similar Nearby for Lease
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.