5817 Downing St, Houston, TX 77020

Prime investment opportunity in Houstons 5th Ward. This income-producing property, with a CAP RATE EXCEEDING 10%, spans 11 total lots and features 5 duplexes (10 total units), individually metered and all currently leased, delivering IMMEDIATE CASH FLOW from day one. 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. 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.nnIn 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 Houstons rapidly growing submarkets.