$750,000
 $4,258 est/mo Sourced by Back At You

5817 Downing Street, Houston Tx 77020,Houston, TX 77020

Houston, TX 77020

Share:

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 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.

Details

MLS #34047683
Listing TypeFor Lease
StatusActive
Year1940
Days On Site12
Listing Provided ByTop Guns Realty on Lake Conroe | Evan Ballew

Features

Story(s)1
Acreage0.62

Taxes

Property7921

Area Information

StateTX
CountyHarris
CityHouston
Zip Code77020
Area2
SubareaDenver Harbor
School District27 - Houston
Elementary SchoolEliot Elementary School
High School27 - Houston
Listing VS Median (in 77020)
Price:
$750,000
low | high
Med:
$170,000
100% of Average
On site:
12
low | high
Med:
12
100% of Average
Sourced by Back At You

Market Activity 77020

Request a showing

Request a showing

Contact


Additional Information


Showing Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Apex Realtors at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Houston Association of REALTORS®.

Contact

Learn More About This Property

StateTX
CountyHarris
CityHouston
Zip Code77020
Area2
SubareaDenver Harbor
School District27 - Houston
Elementary SchoolEliot Elementary School
High School27 - Houston
Listing VS Median (in 77020)
Price:
$750,000
low | high
Med:
$170,000
100% of Average
On site:
12
low | high
Med:
12
100% of Average
Sourced by Back At You
Listing Updated: October 27, 2026 at 10:12:35 PM PDT