$800,000

Multi Family In Houston

  • 26,999 Sqft lot
  • Updated: June 16
  • 1
  • Source:
    Houston Association of REALTORS  MLS#34047683

About the Property

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 set
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.
  • Property type

    Other

  • Floors

    1

  • Year built

    1940

Explore the Area

5817 Downing Street, Houston, Texas, United States View on Google Maps
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Top Guns Realty on Lake Conroe - Montgomery

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Top Guns Realty on Lake Conroe - Montgomery
Texas, United States
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26
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2025
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Top Guns Realty on Lake Conroe - Montgomery
Montgomery, Texas, United States
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Last updated
June 16
First listed
Feb 20
Listing reference
34047683
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