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.
For sale
Price cut: $53K (11/4)
$157,000
5209 Tarawa Rd, Houston, TX 77033
3beds
1,080sqft
Est.:
Single Family Residence
Built in 1956
6,560.14 Square Feet Lot
$-- Zestimate®
$145/sqft
$-- HOA
What's special
Modern systemsNew framingLong-term durabilityWindow-unit hvac
- 166 days |
- 27 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: November 04, 2025 at 05:55am
Listed by:
Jerome Love TREC #0466659 281-773-3084,
LHS Realty Group
Source: HAR,MLS#: 83952275
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- None
Cooling
- Gas
Appliances
- Included: Electric Oven, Freestanding Oven, Free-Standing Range
- Laundry: Electric Dryer Hookup
Features
- All Bedrooms Down
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
Property
Features
- Stories: 1
- Fencing: Back Yard
Lot
- Size: 6,560.14 Square Feet
- Features: Back Yard, Subdivided, 0 Up To 1/4 Acre
Details
- Parcel number: 0751900160026
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: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: South Park Sec 02
Location
- Region: Houston
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $127,549
- Annual tax amount: $2,313
- Date on market: 7/25/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,530/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Price change | $157,000-25.2%$145/sqft |
Source:  HAR #83952275 Report a problem | ||
| 7/25/2025 | Listed for sale | $210,000$194/sqft |
Source: HAR #83952275 Report a problem | ||
| 1/2/2019 | Listing removed | $895$1/sqft |
Source: LHS Realty Group #11536192 Report a problem | ||
| 12/3/2018 | Price change | $895+5.3%$1/sqft |
Source: LHS Realty Group #11536192 Report a problem | ||
| 11/8/2018 | Price change | $850-5%$1/sqft |
Source: LHS Realty Group #45892739 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $127,549 +15.4% |
| 2024 | $2,313 -13% | $110,537 -16.2% |
| 2023 | $2,657 +7.5% | $131,882 +17.5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,032/mo
Principal & interest
$748
Property taxes
$229
Home insurance
$55
Climate risks
Neighborhood: South Park
Nearby schools
GreatSchools rating
- 5/10Kelso Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Attucks Middle SchoolGrades: 6-8Distance: 1.7 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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