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Live MLS data via Repliers. Not for redistribution. © 2026
  1. Home›
  2. Houston homes for sale›
  3. 1502 Lee #5

$549,000

1502 Lee #5
Houston, TX, 77009
4beds·2baths·4,900sq ft

About this home

Investor Special! 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. Owner financing available. Property needs repairs and is being sold as is. Opportunities like this are becoming harder to find as the area continues to grow and appreciate.

Property details

Year built
1930
Property type
Residential Income
Style
Multi Family,Multiple Detached Dwellings
Heating
Natural Gas
Cooling
Ceiling Fan(s), Electric
Lot
0.2296 acres
Taxes / yr
$12,448

Property history

DateEventPrice
· Exp$500,000
Estimated monthly
$3,906/mo
P&I $2,922 · Tax $824/mo · Ins $160/mo

Estimate only. Taxes and insurance are typical TX defaults; check exact figures before buying.

Listed by
Watkins Realty LLC
Bryan Avila Haro
MLS58467331Listed6/23/2026
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Where this home fits
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