








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
- ListedJun 23, 2026
$499,000
Watkins Realty LLC
- ExpiredOct 31, 2024
$500,000
Realty Right
- ListedJun 16, 2024
$500,000
Realty Right


