About 5817 Downing Street
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.
Features of 5817 Downing Street
| MLS® # | 34047683 |
|---|---|
| Price | $750,000 |
| Square Footage | 27000 |
| Acres | 0.62 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | Multi Family,Multiple Detached Dwellings |
| Status | Active |
Community Information
| Address | 5817 Downing Street |
|---|---|
| Area | 2 |
| Subdivision | None |
| City | Houston |
| County | Harris |
| State | TX |
| Zip Code | 77020-2911 |
Amenities
| Utilities | Separate Meters, Electric, Natural Gas Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Cleared, Corner Lot, 1/2 Up to 1 Acre |
|---|---|
| Roof | Composition |
| Construction | Wood Siding |
School Information
| District | 27 - Houston |
|---|---|
| Elementary | Eliot Elementary School |
| Middle | Mcreynolds Middle School |
| High | Wheatley High School |
Additional Information
| Days on Website | 188 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | Top Guns Realty on Lake Conroe |
|---|