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Amy Omeke

aomeke@gmail.com +1(713) 838-6170

$750,000

Est. payment - /mo

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

MLS Listing ID 34047683

HOA Y/N No

Year Built 1940

Annual Tax Amount $7,921

Tax Year 2025

Property Sub-Type Detached

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.

Location

State TX

County Harris

Area Denver Harbor

Interior

Heating Other

Cooling Window Unit(s)

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Composition

Building

Lot Description Cleared, Corner Lot

Story 1

Entry Level One

Level or Stories One

New Construction No

Schools

Elementary Schools Eliot Elementary School

Middle Schools Mcreynolds Middle School

High Schools Wheatley High School

School District 27 - Houston

Others

Tax ID 062-045-003-0001

Acceptable Financing Cash

Disclosures Other

Listing Terms Cash

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Houston Realtors Information Service / HAR MLS

Listed by Top Guns Realty on Lake Conroe Evan Ballew

Nearby Locations

"At Upscale Real Estate Services, we are committed to guiding our clients in the Greater Houston area towards successful real estate investments and ownership. Our focus is on fostering generational wealth with personalized, expert advice. As a woman and minority broker-owned firm, we ensure each client achieves their real estate ambitions with confidence, striving to be their trusted advisors in building lasting legacies."

+1(713) 838-6170

aomeke@gmail.com

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5817 Downing ST Houston, TX 77020