5817 DOWNING STREET, HOUSTON, TX 77020
Homes for sale in Houston.
Homes for sale in 77020.
5817 Downing Street
Houston, TX 77020
List Price$875,000
Listing #34047683
10
Number of Units
Multi-Unit Residential
Type
About This Property
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.
Property Features
Location Information
County
Harris
Longitude
-95.311419
MLS Area
Denver Harbor
Subdivision
None
Latitude
29.785725
Directions
From I-10 East Take Exit 771B left on Lockwood Dr., Right on Lyons Ave. to Shotwell St. Property is on the corner.
Interior Features
Total Number of Units
10
Exterior Features
Stories
1
Lot Size in Acres
0
Is New Construction
No
Lot Size in Sq. Ft.
27,000
Construction
Wood Siding
Lot Dimensions
290x90
Acre Range
1/2 Up to 1 Acre
Is One Story
Yes
Lot Description
Cleared, Corner Lot
School
School District
Houston
Middle School
MCREYNOLDS MIDDLE SCHOOL
Elementary School
ELIOT ELEMENTARY SCHOOL
High School
WHEATLEY HIGH SCHOOL
Additional Information
Finance Available
Cash
Year Built
1940
Property Type
RI
Status
Active
Property SubType
Detached
Similar Listings
Mortgage Calculator
$4,086
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,153
Monthly Tax
$729
Monthly Insurance
$204
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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