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Property 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

Property Status
For Sale
Lot Size
0.62 Acres
MLS ID
34047683
Property Type
Multi-Family
Year Built
1940

Features & Amenities

Stories
1
Utilities
Separate Meters, Electric, Natural Gas Connected, Water Connected
Roof
Composition
Lot Features
Cleared, Corner Lot, 1/2 Up to 1 Acre
Heat Type
Other
Air Conditioning
Window Unit(s)
Elementary School
Eliot Elementary School
Middle School
Mcreynolds Middle School
High School
Wheatley High School
School District
27 - Houston
Sales Price
$800,000
Real Estate Tax
$7,921/yr

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5817 Downing Street

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