5817 Downing St, Houston, TX 77020
- $800,000
- List Price
- $800,000
- Status
- ACTIVE
- MLS#
- 34047683
- Price Change
- ▼ $25,000 1781565000
- Days on Market
- 158
- Year Built
- 1940
- Lot Size
- 27,000
- Lot Size Source
- Appraiser
- Region
- 2
- Market Area
- Denver Harbor
- County
- Harris
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.
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Additional Information
- Finance Available
- Cash
- Taxes
- $7,921
- Neighborhood
- Denver Harbor
- Heating
- Other
- Cooling
- Window/Wall
- Stories
- 1
- Utilities
- Electricity Available, Natural Gas Available, Water Available
- Lot Description
- Cleared, Corner Lot
- Roof
- Composition
- 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 Top Guns Realty on Lake Conroe.