5817 Downing St - Apartments FOR SALE


Houston, TX 77020- Denver Harbor-Port Houston
$875,000 USD
936-290-0206
5817 Downing St, Houston, TX for Sale
$875,000 USD
Apartments - FOR SALE
1/11
null | 8% Cap Rate


HIGHLIGHTS

  • 5 Efficiency Duplex Buildings (10) Units with Room for 4 More Buildings (8 units)
  • Inside 5th Ward Opportunity Zone Providing Possible Tax Benefits to Investors
  • Backs to Industrial and Railroad
  • Corner Lot at on Dead End Street
  • Prime, Central Location to Houston and Major Road Ways

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

10

PRICE/UNIT

$87,500

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

Residential

APN/PARCEL ID

0620450030001

ASK ABOUT THIS PROPERTY

Evan BallewTop Guns RealtyMore Info
936-290-0206

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Evan BallewTop Guns RealtyMore Info
936-290-0206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.