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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.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 3/20/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1940 |
| COMMUNITY | 2 | COUNTY | Harris |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Eliot Elementary School |
|---|---|
| Jr. High School | Mcreynolds Middle School |
| High School | Wheatley High School |
| PRICE HISTORY | |
| Prior to Mar 20, '26 | $875,000 |
|---|---|
| Mar 20, '26 - Today | $825,000 |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 2 |
| CONSTRUCTION | Wood Siding |
| HEAT | Other |
| LOT | 0.6198 acre(s) |
| LOT DESCRIPTION | Cleared, Corner Lot |
| LOT DIMENSIONS | 290 x 90 |
| STORIES | 1 |
| SUBDIVISION | None |
| TAXES | 7921 |
| UTILITIES | Natural Gas Connected, Water Connected |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Top Guns Realty on Lake Conroe
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