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Price drop

1502 Lee Street #5

$499,000$549,000Price drop

4 bd · 2 ba · 4,900 sqft · Built 1930 · Residential Income · 0.2296 acres

About this home

Exceptional Investment Opportunity! Rare opportunity to own a 10,000 SF corner lot minutes from Downtown Houston in one of the city’s hottest redevelopment areas. Property features two separate structures including a triplex and a single family home, creating multiple income producing opportunities. The single family home offers potential for duplex conversion with an upstairs kitchen and separate exterior access already in place. Fully gated with ample parking, storage building, and large yard. Ideal for a rehab project, rental portfolio, new construction, duplexes, townhomes, multifamily development, or a custom residence. Surrounded by new construction and rapidly rising property values. No HOA. Sold as is. Opportunities like this are becoming harder to find as the area continues to grow and appreciate.

Details

Days on market
25
Property type
Residential Income
Year built
1930
Lot size
0.2296 acres
Taxes / yr
$12,448
Style
Multi Family,Multiple Detached Dwellings
Heating
Natural Gas
Cooling
Ceiling Fan(s), Electric
Exterior
Insulation - Blown Fiberglass, Vinyl Siding, Wood Siding
ZIP
77009

Property history

  1. ListedJun 23, 2026

    $499,000

    Watkins Realty LLC

  2. ExpiredOct 31, 2024

    $500,000

    Realty Right

  3. ListedJun 16, 2024

    $500,000

    Realty Right