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2512 Calumet St 7 Unit Apartment Building $2,040,465 CAD ($291,495 CAD/Unit) Houston, TX 77004
Investment Highlights
- Vacancy Rate: Currently maintaining a low vacancy rate of just 10%.
- Value-Add Opportunity: Potential to add two additional units, increasing revenue potential and profitability.
- Turnkey Investment: No renovations or maintenance required—start earning and generating cash flow from day one.
- Two Buildings: One building remodeled into three distinct units; the other newly constructed with four sleek, modern units.
- Fully Furnished: The entire property is furnished with modern furniture, ready for immediate occupancy.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,040,465 CAD | Building Class | B |
| Price Per Unit | $291,495 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 6,090 SF |
| Sale Condition | Business Value Included | Average Occupancy | 90% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1935/2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home |
| Price | $2,040,465 CAD |
| Price Per Unit | $291,495 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 6,090 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2022 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Range
- Grill
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Furnished Units Available
- Gas Range
- Smoke Free
- Smoke Detector
About 2512 CALUMET ST , HOUSTON, TX 77004
This owner-operated cash-flowing multifamily property is currently being run as a short-term rental and presents a great opportunity for investors looking to expand their investment portfolio. This asset comprises two free-standing buildings: one meticulously remodeled into three units and another constructed with four sleek, modern units. This property comes fully equipped with all furniture, fixtures, and equipment, making this a cash-flowing asset from day one of ownership. Located in a prime area, this property is just minutes away from Houston’s top hotspots, including Montrose, Midtown, and Downtown Houston. Its desirable location ensures strong demand from both short-term and long-term renters, maximizing its income potential. In 2025, this property generated a net operating income (NOI) of $143,533, highlighting its strong financial performance. Beyond its current success, there is an opportunity to add two additional units, with an additional pro forma income of $50,000/year.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 500 |
| 1+1 | 2 | - | 700 |
| 2+1 | 2 | - | 900 |
| 2+2 | 2 | - | 990 - 1,400 |
Property Taxes
| Parcel Number | 0611220000010 | Improvements Assessment | $583,480 CAD |
| Land Assessment | $379,579 CAD | Total Assessment | $963,059 CAD |
Property Taxes
Presented by
2512 Calumet St
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