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214-641-4491
HomeSmart - Tonya Dangerfield Home Team
5817 Downing St, Houston, TX 77020
- $750,000
- List Price
- $750,000
- Price Change
- ▼ $50,000 1786730159
- MLS#
- 34047683
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1940
- County
- Harris
- Area
- 2
- City
- Houston
Property Description
Prime investment opportunity in Houston’s 5th Ward. This income-producing property, with a CAP RATE EXCEEDING 10%, spans 11 total lots and features 5 duplexes (10 total units), individually metered and all currently leased, delivering IMMEDIATE CASH FLOW from day one. Corner at the end of a dead-end street, the site offers limited through traffic while still providing ACCESS FROM TWO SEPARATE STREETS, an ideal setup for tenants and future development. Property backs to industrial and rail, supporting steady rental demand in a strong working corridor. Located within an OPPORTUNITY ZONE, this asset presents potential tax advantages & long-term upside. In addition to the existing duplexes, there are two tear-down structures and room to build up to 4 additional duplexes (8 more units). At the current pricing, the property is operating at an 10%+ cap rate with all units leased—offering strong in-place returns with clear expansion potential in one of Houston’s rapidly growing submarkets.
Additional Information
- Unexempt Taxes
- $7,921
- Lot Dimensions
- 290x90
- Lot Size
- 27,000
- Lot Description
- Cleared, Corner Lot
- Roof
- Composition
- Stories
- 1
- School District
- Houston
- Elementary School
- Eliot Elementary School
- Middle School
- Mcreynolds Middle School
- High School
- Wheatley High School
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Listing courtesy of Evan Ballew from Top Guns Realty on Lake Conroe. Contact: