Houston Elbow & Nipple Co
Prime ±40,000 SF lot situated in the heart of East Downtown (EaDo)
Marketing description
Located in the heart of East Downtown Houston, this ±40,000‐sqft assemblage of six parcels offers an exceptional townhouse redevelopment opportunity in one of the city’s fastest‐growing infill markets. With existing water, sewer, and electrical infrastructure at the site, the property is primed for immediate entitlement under East Downtown’s mixed‐use zoning overlay. Institutional‐quality layout and location make this a turnkey play for capitalizing on Houston’s robust residential infill trends.
Investment highlights
HOUSING & HOME VALUES
MEDIAN VALUE OF OWNER‐OCCUPIED UNITS: $363,000 (±$18,248)
CENSUS REPORTER
MEDIAN SALE PRICE (ALL HOME TYPES, JUNE 2025): $372,500
PRICE PER SQ FT: $220 REDFIN
WALKABILITY: WALK SCORE OF 67 (“MODERATELY WALKABLE”)
TOWNHOUSE MARKET (77003)
INVENTORY: 25 ACTIVE TOWNHOUSE LISTINGS; 16 SOLD IN THE PAST MONTH
MEDIAN LISTING PRICE: $395,000 REDFIN MEDIAN DAYS ON MARKET: 88 DAYS MARKET DYNAMICS & INVESTOR CONSIDERATIONS RECENT SALES VOLUME: 44 TOTAL HOME SALES IN JUNE 2025
COMPETITIVE SCORE: 42/100 ON REDFIN’S COMPETE SCORE (MODERATELY COMPETITIVE) MIXED‐USE INTEREST: PROXIMITY TO DOWNTOWN (APPROX. 1.5 MILES); STRONG DEMAND FOR INFILL RESIDENTIAL DEVELOPMENT ZONING CONTEXT: AREA HISTORICALLY INDUSTRIAL BUT NOW PERMITTING TOWNHOUSE/LOFT CONVERSIONS UNDER EAST DOWNTOWN ZONING OVERLAYS
INFRASTRUCTURE: SEWER, WATER, AND ELECTRICITY ALREADY IN PLACE ON‐SITE
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