For Sale

$875,000

HIGHLIGHTS:
  • Active
  • $11,449/month
  • 11 DOM
  • 1 Stories
  • 0 Beds
  • 0 SqFT
Description

Prime investment opportunity in Houston’s 5th Ward. This income-producing property spans 11 total lots and features 5 duplexes (10 total units), individually metered and all currently leased, delivering immediate cash flow from day one. Positioned on a 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. The 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 and 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 8%+ cap rate with all units leased—offering strong in-place returns with clear expansion potential in one of Houston’s rapidly growing submarkets.

Overview
  • MLS Number: 34047683
  • Type: Multi-Family - Multiple Detached Dw
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: N/A
  • Land Size: 27,000 sqft
  • Year Built: 1940
Financial
Price:
$875,000
Price/SqFT:
0
HOA Fee:
Tax Rate:
2.09236 %
Est. Monthly:
$11,449 *
Tax Amount:
$18,308
Amenities and features
  • Corner Lot
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Heating:
    Other Heating
    Cooling:
    Window Units
  • Roof:
    Composition
    Exterior Type:
    Wood
    Lot Description:
    Cleared,Corner

Listed By:
Evan Ballew

Top Guns Realty on Lake Conroe

The data on this website relating to real estate for sale comes in part from the IDX Program of the Houston Association of REALTORS®. All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.

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