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$450,000

403 Sikes St, Houston, TX, 77018

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths726 Sq Ft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size9,374 sqft

Building Information

Year Built1940
Stories1
Garage Spaces1

Land Information

APN0571850000018
Lot Number18-20
SubdivisionOakridge
Land UseResidential
Legal DescriptionLTS 18 19 & 20 BLK 1 OAKRIDGE
Census Tract530600
Assessed Land Value$234,375
Assessed Improvement Value$48,311
Assessment Year2025

About this property

SHOVEL-READY DEVELOPMENT OPPORTUNITY! Three side-by-side lots with approved plans and permits for new 2,276 SF single-family homes. The homes were specifically designed for these lots, allowing construction to begin immediately after closing. The concept is proven, with two of these homes already successfully sold on the same street. Each lot is approximately 125' deep, providing room for a backyard while still allowing for private driveway parking. The approved plans feature 3.5 bathrooms and ground-level living, offering a highly desirable layout for new construction. Seller is willing to consider selling one lot individually rather than requiring the entire three-lot package. Additional shovel-ready development projects are also available for builders looking to expand their pipeline. An excellent opportunity to skip the planning and permitting process and move straight into construction. Owner/ Agent

Investor Tools

$0Estimated Mortgage Balance
$282,686Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Safa Kharsa

United Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$118/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3
$282,686
2025
$234,375
$48,311
$282,686
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3
$282,686

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$282,686
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
N/A
+$1,095/mo
4.6%

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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