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$250,000

2305 Gray Street, Houston, TX, 77003

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3,624 sqft

Land Information

APN0021270000006
SubdivisionSouth Side Of Buffalo Bayou
Land UseResidential
Legal DescriptionTRS 6 & 7 BLK 409 SSBB
Census Tract312300
Assessed Land Value$181,250
Assessment Year2025

About this property

Exceptional opportunity to acquire a vacant lot in one of Houston's most dynamic and rapidly evolving urban neighborhoods. Ideally situated just minutes from Downtown Houston, EaDo, Midtown, the Texas Medical Center, and major freeway access, this property offers outstanding potential for investment development. Surrounded by a mix of new construction homes, townhomes, and ongoing redevelopment, this site is well-positioned for investors, or buyers looking to capitalize on the area's continued growth. Enjoy convenient access to professional sports venues, restaurants, entertainment, universities, and Houston's expanding employment centers. This centrally located lot presents an outstanding opportunity in one of Houston's most sought-after growth corridors. Buyer should independently verify lot dimensions, utilities, zoning, deed restrictions, and development requirements.

Investor Tools

$0Estimated Mortgage Balance
$457,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,742 /month
Positive
Cash Flow Estimate:
$914 /month

Interested in this property?

Gerald Womack

Womack Development & Investment Realtors

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,853
$181,250
2025
$181,250
N/A
$181,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,853
$181,250

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$457,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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2305 Gray Street | Property Details | No Agent List