5817 Downing St, Houston, TX 77020
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Other residential
- Number of stories
- 1
- Lot size (acres)
- 0.62
- Year built
- 1940
Utilities
- Heating
- Other
- Cooling
- Window Units
Taxes
- Tax Annual Amount (2025)
- $7,921
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Houston Association of Realtors MLS®#: 34047683 Last checked: …

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