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$40,000

0 3rd Street, Hempstead, TX, 77445

On MarketInfo
Baths0 Bath

About this property

Discover a great opportunity to own a vacant lot in the city of Hempstead in Waller County. This partially wooded property offers approximately 6,251 square feet and is situated on a paved street with electricity available. The lot provides flexible potential uses including single-family, manufactured home, or multi-family development, making it ideal for investors or those looking to build. Conveniently located with easy access to US-290, the property allows for a quick commute to surrounding areas while still enjoying the charm of a small-town setting. The lot is being offered alongside an adjacent parcel with a separate tax ID, creating the possibility to purchase one or both for expanded space and development potential. Buyer to independently verify availability of water, sewer, gas, and all lot dimensions. Great opportunity to secure land in a steadily growing area of Waller County.

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0% equity
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Aaron Greeley

CB&A, Realtors-Katy

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Hempstead

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0 3rd Street | Property Details | No Agent List