Tucked away at the end of a quiet cul-de-sac, this rare vacant lot offers location, flexibility, and long-term upside. Positioned just minutes from the University of Houston main campus, Downtown Houston, and Midtown, this area continues to see strong demand from students, young professionals, and renters who want convenience with a neighborhood feel. This is opportunity. Build a modern duplex, townhome, or a single-family home with strong rental appeal. With new construction and redevelopment transforming the area, opportunities like this are becoming increasingly limited, especially on a cul-de-sac where privacy and reduced traffic add added value. This lot is perfect for investors who understand Houston’s growth patterns, this is a strategic investment. 2 LOTS AVAILABLE.
Greater Ost-South Union, located between OST and South Union, is a residential and institutional Houston neighborhood with mid-century brick homes and broad, tree-lined streets. The neighborhood’s character concentrates around the University of Houston campus edge near Calhoun Rd and Wheeler Ave, where student-foot-traffic, coffee counters, and campus venues set the daily rhythm. Architectural lines lean ranch-style and postwar infill, with deep setbacks and long driveways. University of Houston’s Cullen Performance Hall and the Blaffer Art Museum act as cultural anchors, while TDECU Stadium brings game-day energy. Green breaks appear at nearby MacGregor Park, and METRORail access at Palm Center Transit Center links the area to Downtown.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Located on a cul-de-sac
Additional parcels included with the property
Home design
Land parcel
Construction
No structures (vacant land)
Utilities
Public water available
Public sewer available
Electricity available
Natural gas available
Sale and tax history for 0000 Grace Ln
Sale History
Tax History
Date
Event
Price
HARMLS #9373392
Apr 23, 2026
Listed
$125,000
Year
Property tax
Land + Additions
Assessment*
2026
$977 (+46.3%)
2024
$668 (+3.8%)
$31,920
2023
$643
$31,920
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
4,560 Sq. Ft.
Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Harris County
APN
1465190010002
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 10, 2026.
Climate risks
7/10 Flood Factor
Estimated 80%+ chance 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
9/10 Heat Factor
7 days above 109° expected this year, 24 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
Houston, TX • 77021
Average low and high temperatures (°F)
62
46
72
54
80
61
82
68
86
71
91
78
93
78
93
79
91
75
87
69
78
61
70
54
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0000 Grace Ln
$113,815
$11K under list price of $125K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $119K to $205K.