5817 Downing Street, Houston, Texas 77020
$800,000
0 Beds
0 Full Baths
Multi-Family
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About 5817 Downing Street
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.
Highlights
5817 Downing Street
$800,000
Multi-Family
Houston 77020
27,000 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
062-045-003-0001
Tax Rate
2.1252%
Taxes w/o Exemption/Yr
$7,921 / 2025
Maint Fee
No
Interior Features
Fireplace
No
Heating
Other
Cooling
Window Unit(s)
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Loft
No
Exterior Features
Roof
Composition
Exterior Type
Wood Siding
Private Pool
No
Area Pool
Maybe
Lot Description
1/2 Up to 1 Acre, Cleared, Corner Lot
New Construction
No
Listing Firm
Top Guns Realty on Lake Conroe
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Eliot Elem | Elementary | 7 of 10 |
| Mcreynolds Middle | Middle | 5 of 10 |
| Wheatley High | High | 4 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
