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5817 Downing St
Houston, TX 77020
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 5 Efficiency Duplex Buildings (10) Units with Room for 4 More Buildings (8 units)
- Backs to Industrial and Railroad
- Prime, Central Location to Houston and Major Road Ways
- Inside 5th Ward Opportunity Zone Providing Possible Tax Benefits to Investors
- Corner Lot at on Dead End Street
Executive Summary
Prime investment property in Houston’s 5th Ward Opportunity Zone. This income-producing property spans 11 total lots and features 5 duplexes (10 total units), 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.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,123 CAD | 384 - 506 |
Property Taxes
| Parcel Number | 0620450030001 | Improvements Assessment | $100,647 CAD |
| Land Assessment | $409,859 CAD | Total Assessment | $510,505 CAD |
Property Taxes
Parcel Number
0620450030001
Land Assessment
$409,859 CAD
Improvements Assessment
$100,647 CAD
Total Assessment
$510,505 CAD
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