Prime 1-Acre Investment Property. Excellent opportunity to own a **versatile 1-acre property** in the heart of Channelview, TX! This unique lot offers **both commercial and residential zoning options**, providing endless potential for investors, business owners, or developers. Currently, the property features **six (6) mobile homes**, all **leased and producing steady rental income**. With reliable tenants in place, this is a **turnkey investment** that generates cash flow from day one. Located just off **Market Street** and backing up to **Interstate 10**, the site offers **exceptional visibility and easy highway access**—perfect for commercial use, future redevelopment, or continued residential leasing.Convenient Access to I-10 and Major Retail & Dining Nearby. Ideal for Investors, Business Owners, or Developers.
Old River Terrace, located between the San Jacinto River and Sheldon Lake, is a waterfront and residential Channelview neighborhood with riverfront views and a laid-back, outdoors-first feel. The neighborhood’s character concentrates around the boat ramps and picnic areas at River Terrace Park, where fishing lines, small craft, and weekend cookouts set the tempo. Low-slung ranch homes and newer infill sit on leafy streets that angle toward the water, with porches and carports common. The landscape reads as bayou-country: canals, tree cover, and big skies. Local staples like Monument Inn, River Terrace Golf Course, and the San Jacinto Battleground State Historic Site anchor routines with seafood, fairways, and Texas history.
Provided by Walk Score and Local Logic
Market insights
16809 Market St · $1,200,000
DAYS ON MARKET
363 days
The average home goes pending in 58 days.
SALE-TO-LIST
96.1%
Most homes are selling 4% below list price.
LIST PRICE
$1,200,000
Median list price in this area is $440,932. (63% lower than this home)
PRICE DROP
0 price drops
16% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Unit mix with multiple rental units
Property has a view
Bedrooms
Units include 2-bed, 3-bed and 4-bed configurations (various units)
Bathrooms
Eight full bathrooms total
Heating & cooling
Central heating
Electric heating
Central air conditioning
Electric cooling
Window unit(s)
Exterior features
Security gate
Views
Home design
Residential income property
Built in 2003
Security
Gated security
Construction
Composition roof
Utilities
Electricity available
Water available
Financial info
Six total units (multi-unit property)
Electricity and solar
View estimated energy costs and solar savings for this home
Construct a residential addition that is less than fifty percent of the existing square footage or cost.
Addition
Feb 19, 2015 • Final
Development
Construct an enclosed accessory building such as a garage, shed, pool house, storage building, or barn.
ADU
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 109° expected this year, 25 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Channelview, TX • 77530
Average low and high temperatures (°F)
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77
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52
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 16809 Market St
$1,038,520
$161K under list price of $1.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $229K to $315K.