$157,000
For Sale by Owner $145/sq ft
Listed 1 year ago

3BR House for Sale in Houston, TX

5209 Tarawa Rd, Houston, TX 77033
3 Beds
1 Bath
1,080 sq ft
Built 1956
PropSlick Verified Data Key facts & insights for this exact address
$145
Price / sq ft
1956
Year Built
$2,710
Property Tax / yr
6,560 sf
Lot Size
Harris
County

Key Facts

Property TypeHouse
Year Built1956
Square Footage1,080 sq ft
Lot Size6,560 sq ft
Annual Property Tax$2,710
Price / SqFt$145

Property Description

Stabilized 12-Home SFR Portfolio | Houston, TX | $142K NOI | 5.5% Cap | Rent Growth & Market Appreciation Potential *** OPPORTUNITY ZONE *** (Seller will not sell home individually) This home offers exceptional tenant stability, with the current resident occupying the property for eight years. The lease is currently month-to-month, creating immediate flexibility for rent adjustment or repositioning to market rates. Following a fire in 2016, the property underwent a complete rebuild, including new framing, plumbing, electrical, kitchen, flooring, and interior finishes, ensuring modern systems and long-term durability. Condition & Value-Add: The property operates with window-unit HVAC (no central air), representing a straightforward improvement opportunity. Given the below-market rent and upgraded condition, this property is ideally positioned for rent growth and enhanced value through HVAC installation and lease restructuring.

Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.

Amenities and Features

Air Conditioning
Washer/Dryer
Backyard/Patio

Property Location

Map shows approximate location. Exact address provided to serious inquirers upon contact.

Property Research
View Full Property History on MarketTimeline
Sale history, tax records, neighborhood appreciation, and investment analysis for this address.
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