5215 Palmer Street, Houston, Texas 77004
This Property is Off-Market
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About 5215 Palmer Street
Great turnkey investment opportunity! Completely remodeled, fully furnished Duplex plus a Casita! Currently being used as an Airbnb and grossed $94k over the past 12 months. The front building features two units, each with 3 bedrooms, 2 full bathrooms, a full kitchen, and living area; the Casita in the back is a studio apartment with a full bathroom. All three units were fully remodeled and updated in 2023. The shared courtyard with string lights is perfect for guests/tenants to enjoy. Just minutes from the Texas Medical Center, Museum District, and Universities. Airbnb bookings in the area continue to increase from a year ago. All appliances included with the sale! Cap rate 8.9% at asking.
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Highlights
- 5215 Palmer Street
- $715,000
- Multi-Family
- 3,286 Home Sq Ft
- Houston 77004
- 7 Beds
- 5 Full Baths
- 5,250 Lot Sq Ft
General Description
- Listing Price $715,000
- City Houston
- Zip Code 77004
- Subdivision Riverside Ext
- Listing Status Sold
- Baths 5 Full Bath(s)
- Stories 2
- Year Built 1935 / Appraisal District
- Lot Size 5,250 / Appraisal District
- MLS # 17868122 (HAR)
- Days on Market 251 days
- Total Days on Market 251 days
- List Price / Sq Ft $217.59
- Address 5215 Palmer Street
- State Texas
- County Harris
- Property Type Multi-Family
- Bedrooms 7
- Garage 0
- Building Sq Ft 3,286
- Market Area Riverside Area
- Key Map 533C
- Area 4
Taxes & Fees
- Tax ID061-084-009-0004
- Tax Rate2.1298%
- Taxes w/o Exemption/Yr$8,914 / 2023
- Maint FeeNo
Interior Features
- FireplaceNo
-
Floors
Laminate,
Tile
-
Heating
Central Gas
-
Cooling
Central Electric
- DishwasherYes
- RangeYes
- DisposalYes
- MicrowaveYes
- LoftMaybe
Exterior Features
-
Roof
Composition
-
Exterior Type
Brick,
Wood
- Private PoolMaybe
- Area PoolMaybe
-
Lot Description
Cleared
- New ConstructionNo
- Listing FirmReal Properties
Schools (HOUSTO - 27 - Houston)
Name |
Grade |
Great School Ranking |
Performance Index |
Distinction Designations |
Lockhart Elem |
Elementary |
3 of 10 |
4 of 4 |
0 of 7 |
Cullen Middle (Houston) |
Middle |
1 of 10 |
4 of 4 |
0 of 7 |
Yates High |
High |
2 of 10 |
4 of 4 |
0 of 7 |
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.