Investor opportunity · MLS# 50432180 · View on HAR.com
6702 England St
Houston, TX 77021 · Foster Place · Third Ward / OST corridor
Unfinished new-build duplex + a second buildable lot, 2 miles from the Texas Medical Center
The shell is done: slab, framing, siding, roof and windows. Finish the interior and own a two-unit new build near the Med Center for about $392K all-in, against about $407K finished (our CMA). The vacant corner lot next to it comes with it, worth about $65K on its own.
The property
This is a new build that was never finished, not a remodel. The old house is gone. The new two-story, two-unit building is up and closed in: slab, framing, sheathing, siding, roof and new windows. The work left is inside the walls, and the plans and permits are already drawn.
Unit B (upstairs, 948 sq ft) has 3 bedrooms and 2 baths with its own entry on England St. Unit A (downstairs, 920 sq ft) has 2 bedrooms and 1.5 baths with its own entry on Yellowstone Blvd.
The property is two recorded lots (replat Film Code 715903, Harris County map records). The duplex is on Lot 2, 4210 Yellowstone Blvd (3,075 sq ft). Lot 1, 6702 England St, is the vacant corner of England St and Yellowstone Blvd: 41.5 ft by 50 ft, 2,075 sq ft. The county tax roll still shows one account and needs to be updated to the two lots.
The numbers
The vacant corner lot comes with it
Lot 1 of the recorded replat is its own lot: the corner of England St and Yellowstone Blvd, 41.5 ft by 50 ft, 2,075 sq ft, flood Zone X, nothing built on it. It is included in the $280,000 price. Build on it, hold it, or sell it once the county splits the tax account.
Lot value: about $65,000 ($55,000–$85,000)
| Recent lot sale | Distance | Lot size | Sold | Date |
|---|---|---|---|---|
| 6610 Eastwood St | 0.2 mi | 2,575 sq ft | $110,000 | Sep 2026 |
| 4616 Ward St | 0.4 mi | 2,750 sq ft | $77,000 | Jun 2026 |
| 6513 England St | 0.2 mi | 2,500 sq ft | $56,500 | May 2026 |
| 0 Noah St | 0.9 mi | 2,500 sq ft | $117,000 | Apr 2026 |
| 3623 Nathaniel Brown St | 0.8 mi | 3,000 sq ft | $105,000 | Nov 2025 |
| 3624 Corder St | 0.8 mi | 3,000 sq ft | $95,000 | Nov 2025 |
Vacant lot sales in 77021 from HAR MLS, lot size from the Harris County appraisal roll. Few lots this small sell; larger 5,000 sq ft lots within half a mile sold for $81,500–$100,000. A Gableway estimate, not an appraisal.
Comparative market analysis
Our comparative market analysis values the building finished at about $407,000, from 8 new-construction duplex sales within about 1.2 miles in the last 12 months, each adjusted to this home's size, age and features. Likely range $395,000–$419,000.
Who it works for
Finish and hold
| Purchase (approved short sale) | $280,000 |
| Finish interior (our estimate) | $105,000 |
| Buy closing, ~1% | $2,800 |
| Carry while finishing, ~4 months | $4,200 |
| All-in cost | $392,000 |
| Rent, both units, per year | $40,200 |
| Vacancy, 5% | −$2,010 |
| Property tax (2.125% of value finished) | −$8,650 |
| Insurance | −$3,663 |
| Management ($90 per door) | −$2,160 |
| Repairs and capital, 5% | −$2,010 |
| Water and trash | −$1,200 |
| Net operating income, per year | $20,507 |
5.2% on the all-in cost, all cash. With an 80% loan at today's rates the rent does not fully cover the mortgage, so this fits cash or low-leverage buyers and owner-occupants best.
The market
- Size-matched new-construction duplexes within about a mile sold for $400K–$470K in the last 12 months (1,830–2,134 sq ft); the larger 2,500–2,600 sq ft builds on the same blocks closed at $480K–$512K (HAR MLS).
- New ~1,000 sq ft units nearby lease for $1,550–$1,750 (2 bedrooms) and $1,650–$2,000 (3 bedrooms).
- Minutes to the Texas Medical Center, Downtown, the University of Houston and TSU, off 288 and Old Spanish Trail.
Verify before you buy
- Walk it with your contractor and get your own bid for the remaining work
- Permits: which are open, who holds them, when they expire, and inspections passed so far
- Utilities: water and sewer tap and electric service status
- The recorded plat and both lot surveys (in our file), including the plat note on dwelling units per lot
- The short-sale approval: price, closing deadline, and which buyer costs the lender will cover
- Insurance quotes and the flood zone (the area FEMA panel shows Zone X)
- Property taxes: the county still values the old house, so expect the value to reset to new construction
- The corner lot (Lot 1): water and sewer taps, building lines, deed restrictions and the plat notes before you plan a build
Photos and plans
Approved permit drawings
Lots and street
New construction on nearby streets
Want 6702 England St? Talk to Lauren.
Send your name and number and Lauren will reach out with showing times, the plans and the short-sale terms. Or call or text her at (832) 471-8860.
Prefer email? hello@gableway.com
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Gableway Realty is the listing broker for the seller (HAR MLS #50432180). This is a short sale: the $280,000 price is approved by the lienholder, and any sale is subject to the lienholder's final approval and the seller's acceptance. Rehab, value, rent and return figures are Gableway estimates for discussion, not an appraisal, a guarantee of value or profit, or financial advice. Buyers should verify all information, square footage, permits, lot status, lot value, flood zone, insurance and financing independently. Information About Brokerage Services.