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 property provides immediate flexibility for value creation as the tenant is on a month-to-month lease, allowing for a rent adjustment or new lease structure. Significant interior renovations were completed in 2013, including all interior plumbing, bathroom remodel, new HVAC, flooring, sheetrock, and electrical upgrades. In 2022, the kitchen was fully remodeled, further enhancing interior appeal.
Condition & Value-Add:
The primary opportunity lies in exterior improvements—siding and window replacement—which would align the property with interior quality and support a rent increase to $1,250 or more per month.
Please review attachment will all other properties in portfolio sale.
For sale
$149,000
5117 Rapido Rd, Houston, TX 77033
3beds
1,053sqft
Single Family Residence
Built in 1950
5,536 Square Feet Lot
$-- Zestimate®
$142/sqft
$-- HOA
What's special
Bathroom remodelNew hvacInterior plumbingExterior improvementsElectrical upgradesWindow replacement
- 358 days |
- 41 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Jerome Love TREC #0466659 281-773-3084,
LHS Realty Group
Source: HAR,MLS#: 89415044
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Electric Oven, Freestanding Oven, Electric Range, Free-Standing Range
- Laundry: Electric Dryer Hookup
Features
- All Bedrooms Down
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,053
- Total interior livable area: 1,053 sqft
Property
Features
- Stories: 1
- Fencing: Back Yard
Lot
- Size: 5,536 Square Feet
- Features: Back Yard, Subdivided, 0 Up To 1/4 Acre
Details
- Parcel number: 0751900130031
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: South Park Add Sec 02
Location
- Region: Houston
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $111,779
- Annual tax amount: $2,024
- Date on market: 7/25/2025
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,566/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Price change | $149,000-29%$142/sqft |
Source:  HAR #89415044 Report a problem | ||
| 7/25/2025 | Listed for sale | $210,000$199/sqft |
Source: HAR #89415044 Report a problem | ||
| 10/24/2018 | Listing removed | $800$1/sqft |
Source: LHS Realty Group #62016359 Report a problem | ||
| 9/28/2018 | Listed for rent | $800$1/sqft |
Source: LHS Realty Group #62016359 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,376 +17.4% | $111,779 +15.6% |
| 2024 | $2,024 -13.1% | $96,725 -16.3% |
| 2023 | $2,328 +9.8% | $115,531 +20% |
| 2022 | $2,120 | $96,280 +23.6% |
| 2021 | -- | $77,883 -8.4% |
| 2020 | $1,776 +22.2% | $85,007 +4.1% |
| 2019 | $1,453 -0.8% | $81,628 +3.6% |
| 2018 | $1,465 | $78,765 +23.1% |
| 2017 | $1,465 -9.5% | $64,000 -14.2% |
| 2016 | $1,618 +199.8% | $74,621 +255.3% |
| 2015 | $540 | $21,000 |
| 2014 | $540 | $21,000 -67.7% |
| 2013 | -- | $65,067 |
| 2012 | -- | $65,067 |
| 2011 | -- | $65,067 |
| 2010 | -- | $65,067 |
| 2009 | -- | $65,067 |
| 2008 | -- | $65,067 +2.7% |
| 2007 | -- | $63,335 +33.7% |
| 2006 | -- | $47,366 +10% |
| 2005 | -- | $43,060 +15.1% |
| 2004 | -- | $37,400 +80.7% |
| 2003 | -- | $20,700 +7.8% |
| 2002 | -- | $19,200 |
| 2001 | -- | $19,200 +24.7% |
| 2000 | -- | $15,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Park
Nearby schools
GreatSchools rating
- 6/10Kelso Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Attucks Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Worthing High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Kelso Elementary School
- Middle: Attucks Middle School
- High: Worthing High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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