LOT 1 Two & 3 12th St, Hempstead, TX, 77445
About This Home
Don’t miss this rare opportunity to own three properties in the heart of Hempstead, zoned Central Business District, offering endless possibilities for investors, business owners, or developers. Conveniently located just minutes from Highway 290, this unique investment features two tenant-occupied homes providing immediate rental income, while all three properties have a proven history of successful rental performance. Whether you choose to continue operating them as income-producing rentals, establish a commercial business, create office space, redevelop the property, or expand your investment portfolio, the opportunities are endless. The Central Business District zoning provides flexibility for a variety of commercial, mixed-use, or approved residential uses (subject to city regulations). Take advantage of the income potential, redevelopment opportunities, and future growth this rare offering provides. No portion of these properties is located in the flood zone
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1961
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Unknown
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Carpet,Vinyl
Heating & Cooling
- Heating features: Electric
- Cooling features: Electric
Interior Area
- Total structure area: 1,970
- Total interior livable area: 1,970 sqft
Property
Details
- Parcel number: 519000142001000
Features
- Stories: 2
Lot
- Lot size: 0.43 Acres
- Features: Corner Lot,Other,1/4 Up to 1/2 Acre
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Lightning
- Strong Wind
- Drought
- Hurricane
- Heat Wave
- Inland Flooding
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,017 | $24,204 |
| Home Insurance * | $327 | $3,924 |
| Property Taxes | $422 | $5,064 |
| Electricity | $238 | $2,859 |
| Total | $3,004 | $36,048 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listed for sale | $399,000 |
View on Zillow