10
See all 10 photos
$825,000
Est. payment /mo
Price Dropped by $50K
5817 Downing ST Houston, TX 77020
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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 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.
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.
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
Listing Terms Cash
Listed by Top Guns Realty on Lake Conroe Evan Ballew
NEARBY SCHOOL & BUSINESS
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