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
$157,000
5209 Tarawa Rd, Houston, TX 77033
3beds
1,080sqft
Est.: Get pre-qualified
Single Family Residence
Built in 1956
6,560 Square Feet Lot
$-- Zestimate®
$145/sqft
$-- HOA
What's special
Modern systemsNew framingLong-term durabilityWindow-unit hvac
- 312 days |
- 34 |
- 2 |
Zillow last checked:
Listing updated:
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 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
$1,468/mo
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 | ||
| 10/9/2018 | Listed for rent | $895-0.6%$1/sqft |
Source: LHS Realty Group #51719663 Report a problem | ||
| 7/2/2017 | Listing removed | $900$1/sqft |
Source: LHS Realty Group #82812079 Report a problem | ||
| 6/23/2017 | Price change | $900-5.3%$1/sqft |
Source: LHS Realty Group #82812079 Report a problem | ||
| 6/13/2017 | Listed for rent | $950$1/sqft |
Source: LHS Realty Group #82812079 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,711 +17.2% | $127,549 +15.4% |
| 2024 | $2,313 -13% | $110,537 -16.2% |
| 2023 | $2,657 +7.5% | $131,882 +17.5% |
| 2022 | $2,472 | $112,254 +32.2% |
| 2021 | -- | $84,898 +7% |
| 2020 | $1,696 +6.1% | $79,368 +7.9% |
| 2019 | $1,598 +10.2% | $73,545 +33.7% |
| 2018 | $1,450 | $55,000 -4.2% |
| 2017 | $1,450 -0.1% | $57,396 |
| 2016 | $1,451 +6.5% | $57,396 +8.3% |
| 2015 | $1,362 | $52,989 |
| 2014 | $1,362 | $52,989 |
| 2013 | -- | $52,989 |
| 2012 | -- | $52,989 |
| 2011 | -- | $52,989 |
| 2010 | -- | $52,989 |
| 2009 | -- | $52,989 |
| 2008 | -- | $52,989 +2.6% |
| 2007 | -- | $51,662 +66.8% |
| 2006 | -- | $30,976 +10% |
| 2005 | -- | $28,160 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: South Park
Nearby schools
GreatSchools rating
- 6/10Kelso 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Harris County
- Houston
- 77033
- South Park
- 5209 Tarawa Rd
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