5817 Downing Street, Houston, TX 77020

Houston
Local realty services provided by:Better Homes and Gardens Real Estate Hometown
5817 Downing Street,Houston, TX 77020
$800,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: evan ballew, emily rollins
Office: top guns realty on lake conroe936-582-1700
MLS#:34047683
Source:HARMLS

Price summary

  • Price:$800,000

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1940
  • Listing ID #:34047683
  • Updated:July 11, 2026 at 04:44 PM

Heating and cooling

  • Cooling:Window Units

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Lot Features:Cleared, Corner Lot
  • Construction Materials:Wood Siding
  • Levels:1 Story

Schools

  • High school:WHEATLEY HIGH SCHOOL
  • Middle school:MCREYNOLDS MIDDLE SCHOOL
  • Elementary school:ELIOT ELEMENTARY SCHOOL

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$800,000
  • Tax amount:$7,921 (2025)
Copyright 2026, Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS.

New listings near 5817 Downing Street