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Days53Days on Market
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$279,000

$299,000

238 W 16th St, Houston, TX, 77008

On MarketInfo
Price DropInfo
Baths0 Bath

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3,202 sqft

Land Information

APN0201390000043
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionTRS 1A & 2A BLK 143 HOUSTON HEIGHTS
Census Tract511301
Assessed Land Value$288,000
Assessed Improvement Value$4,217
Assessment Year2025

About this property

Rare opportunity to own a vacant lot in the heart of the Houston Heights Historic District (77008). This 3,200 sq ft rectangular lot (32 ft × 100 ft) offers a more affordable entry into one of Houston’s most desirable neighborhoods. Full alley access along the entire length of the property. Just a 5-minute walk to the popular jogging trail. This property is in the Houston Heights Historic District and is subject to HAHC guidelines. New construction is limited to a maximum of 1,536 sq ft single-family home + detached 2-car garage + garage apartment. Houston-Heights-Design-Guidelines-July2018.pdf

Investor Tools

$0Estimated Mortgage Balance
$296,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

Interested in this property?

David Shaw

House & Land Company

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$626/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,026
$292,217
2025
$288,000
$4,217
$292,217
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,026
$292,217

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$415,000
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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