Prime investment opportunity in a highly desirable location with convenient access to IAH Bush Intercontinental Airport and just a short drive to Downtown Houston. Situated near Humble and Kingwood, this property offers exceptional potential for investors, entrepreneurs, and developers alike.
Previously renovated and utilized as a rental property, this "diamond in the rough" is ready for its next chapter. The existing home features 3 bedrooms, 1 bathroom, and a kitchen providing the option to renovate and customize to suit your needs. Alternatively, take advantage of the unrestricted property with no zoning restrictions and redevelop the site for commercial, residential, or mixed-use purposes.
City water and sewer services are in place. Whether you're looking to create your dream business location, establish an income-producing property, or pursue a new development project, the possibilities are endless.
For sale
$350,000
15623 Lee Rd, Houston, TX 77032
3beds
1,091sqft
Single Family Residence
Built in 1960
0.56 Acres Lot
$331,600 Zestimate®
$321/sqft
$-- HOA
What's special
- 67 days
- 67
- 3
Zillow last checked:
Listing updated:
Listed by:
Jason Tanner TREC #0756358 281-413-4179,
eXp Realty LLC
Source: HAR,MLS#: 17480548
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Natural Gas
Cooling
- Electric
Appliances
- Included: Freestanding Oven, Free-Standing Range, Gas Range
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- All Bedrooms Down
- Flooring: Laminate
Interior area
- Total structure area: 1,091
- Total interior livable area: 1,091 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Stories: 1
- Fencing: Back Yard
Lot
- Size: 0.56 Acres
- Features: Back Yard, Other, 1/4 Up to 1/2 Acre
Details
- Parcel number: 0720240000068
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Farmstead Acres
Location
- Region: Houston
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $278,817
- Annual tax amount: $6,380
- Date on market: 7/8/2026
- Listing terms: Cash,Conventional,Investor
- Road surface type: Asphalt
Estimated market value
$331,600
$315,000 - $348,000
$1,451/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $350,000$321/sqft |
Source:  HAR #17480548 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,374 +3% | $278,817 +0.9% |
| 2024 | $3,274 +24.7% | $276,300 +12.3% |
| 2023 | $2,626 | $246,091 +42.1% |
| 2022 | -- | $173,137 +19.4% |
| 2021 | -- | $144,990 -1.8% |
| 2020 | -- | $147,698 +16.3% |
| 2019 | $1,641 -52.1% | $127,000 |
| 2018 | $3,430 | $127,000 |
| 2017 | $3,430 +1.7% | $127,000 -0.1% |
| 2016 | $3,372 +128% | $127,100 +10.5% |
| 2015 | $1,479 | $115,000 |
| 2014 | $1,479 | $115,000 |
| 2013 | -- | $115,000 |
| 2012 | -- | $115,000 |
| 2011 | -- | $115,000 -5.3% |
| 2010 | -- | $121,430 -5.9% |
| 2009 | -- | $129,047 +4.7% |
| 2007 | -- | $123,224 +28.7% |
| 2006 | -- | $95,732 +19.7% |
| 2005 | -- | $80,000 -6% |
| 2004 | -- | $85,100 +21.4% |
| 2003 | -- | $70,100 +33.8% |
| 2002 | -- | $52,400 |
| 2001 | -- | $52,400 +40.9% |
| 2000 | -- | $37,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Iah - Airport Area
Nearby schools
Schools provided by the listing agent
- Elementary: Ogden Elementary School (Aldine)
- Middle: Teague Middle School
- High: Nimitz High School (Aldine)
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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