For sale

Price cut: $50K (7/9)

$499,000

1502 Lee St #5, Houston, TX 77009

4beds

4,900sqft

$3,532/mo

Get pre-qualified

Multi Family

Built in 1930

-- sqft lot

$-- Zestimate^®

$102/sqft

$-- HOA

What's special

Fully gatedStorage buildingAmple parkingLarge yard

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.

55 days

81

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas

Cooling

Ceiling Fan(s), Electric

Features

Flooring: Tile, Wood

Interior area

Total structure area: 4,900
Total interior livable area: 4,900 sqft

Property

Accessibility

Accessibility features: Accessible Approach with Ramp, Handicapped Additions

Features

Stories: 2

Lot

Size: 10,001 Square Feet

Details

Parcel number: 0230110000005

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Blown-In Insulation, Vinyl Siding, Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1930

Utilities & green energy

Utilities for property: Electricity Available, Natural Gas Connected, Water Connected

Community & HOA

Community

Subdivision: Little & Dickinson

Location

Region: Houston

Financial & listing details

Price per square foot: $102/sqft
Tax assessed value: $585,729
Annual tax amount: $12,448
Date on market: 6/24/2026
Listing terms: Cash,Conventional,Investor,Owner Will Carry

Estimated market value

Not available

Estimated sales range

Not available

$2,509/mo

Price history

Date	Event	Price
7/9/2026	Price change	$499,000-9.1%$102/sqft
Source: HAR #58467331 Report a problem
6/24/2026	Listed for sale	$549,000+9.8%$112/sqft
Source: HAR #58467331 Report a problem
8/15/2024	Listing removed	$500,000$102/sqft
Source: HAR #79637390 Report a problem
6/17/2024	Listed for sale	$500,000-18%$102/sqft
Source: HAR #79637390 Report a problem
6/1/2024	Listing removed	--
Source: HAR #38624669 Report a problem
10/16/2023	Listed for sale	$610,000$124/sqft
Source: HAR #38624669 Report a problem
10/1/2023	Listing removed	--
Source: HAR #50977832 Report a problem
5/31/2023	Listed for sale	$610,000$124/sqft
Source: HAR #50977832 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,331 -0.5%	$585,729 -4.4%
2024	$6,365 +17.4%	$612,705 +0.4%
2023	$5,420 +18.9%	$610,080 +41.6%
2022	$4,560	$430,966 +18.8%
2021	--	$362,685 +16.4%
2020	$3,752 +3.5%	$311,707 +4.3%
2019	$3,626 +29.3%	$298,893 -6.5%
2018	$2,804	$319,645 +2.7%
2017	$2,804 -12.5%	$311,207 -0.1%
2016	$3,203 +67.4%	$311,526 +58.3%
2015	$1,914	$196,740 +38.5%
2014	$1,914	$142,046 +3.1%
2013	--	$137,744 +3.2%
2012	--	$133,486 +4.1%
2011	--	$128,210 +10.1%
2010	--	$116,451 -0.3%
2009	--	$116,787 -1.6%
2008	--	$118,712 -6.9%
2007	--	$127,463 +35.5%
2006	--	$94,044
2005	--	$94,044 +9.9%
2004	--	$85,560 +3.8%
2003	--	$82,400 +2.4%
2002	--	$80,500 +9.9%
2001	--	$73,240 +32.7%
2000	--	$55,210