5817 Downing Street, Houston, TX 77020

Local realty services provided by:Better Homes and Gardens Real Estate Gary Greene
5817 Downing Street,Houston, TX 77020
$875,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: evan ballew, emily rollins
Office: top guns realty on lake conroe
MLS#:34047683
Source:HARMLS

Price summary

  • Price:$875,000

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.

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Home facts

  • Year built:1940
  • Listing ID #:34047683
  • Updated:February 20, 2026 at 12:52 PM

Heating and cooling

  • Cooling:Window Units

Structure and exterior

  • Roof:Composition
  • Year built:1940

Schools

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

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$875,000
  • Tax amount:$7,921 (2025)
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