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 offers stable income with a long-term tenant in place for five years, secured through October 2025. Significant structural and exterior upgrades have been completed, including new siding, windows, and exterior paint (2020), underground plumbing replacement (November 2024), and a roof replacement in 2019—substantially reducing near-term capital expenditure risk.
Condition & Value-Add:
The property currently operates with window-unit HVAC (no central air), and the kitchen remains dated, creating opportunities for investors to enhance rental income through modernization and optional HVAC installation. With core systems updated, these improvements are largely discretionary and positioned to drive rent growth and overall asset value.
Ideal for institutional investors.
For sale
$200,000
5223 Myrtlewood St, Houston, TX 77033
3beds
875sqft
Est.:
Single Family Residence
Built in 1955
6,159.38 Square Feet Lot
$188,100 Zestimate®
$229/sqft
$-- HOA
What's special
Window-unit hvacOptional hvac installationUnderground plumbing replacementExterior paintRoof replacement
- 17 days
- on Zillow |
- 36 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: July 26, 2025 at 02:08am
Listed by:
Jerome Love TREC #0466659 281-773-3084,
LHS Realty Group
Source: HAR,MLS#: 60370590

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- None
Cooling
- None
Appliances
- Included: Electric Oven, Free-Standing Range
- Laundry: Electric Dryer Hookup
Features
- All Bedrooms Down
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 875
- Total interior livable area: 875 sqft
Property
Features
- Stories: 1
- Fencing: Back Yard
Lot
- Size: 6,159.38 Square Feet
- Features: Back Yard, Subdivided, 0 Up To 1/4 Acre
Details
- Parcel number: 0811490000021
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: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Inwood Terrace Sec 02
Location
- Region: Houston
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $99,333
- Annual tax amount: $2,078
- Date on market: 7/25/2025
- Road surface type: Asphalt
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