| Elementary | ELIOT EL | B |
| Middle | FLEMING MCREYNOLDS MIDDLE | C |
| High | WHEATLEY H S CCMR 99% · Grad 68% | B |
Prime investment opportunity in Houston’s 5th Ward. This income-producing property, with a CAP RATE EXCEEDING 10%, spans 11 total lots and features 5 duplexes (10 total units), individually metered and all currently leased, delivering IMMEDIATE CASH FLOW from day one. Corner at the end of a dead-end street, the site offers limited through traffic while still providing ACCESS FROM TWO SEPARATE STREETS, an ideal setup for tenants and future development. Property backs to industrial and rail, supporting steady rental demand in a strong working corridor. Located within an OPPORTUNITY ZONE, this asset presents potential tax advantages and long-term upside.
In addition to the existing duplexes, there are two tear-down structures and room to build up to 4 additional duplexes (8 more units). At the current pricing, the property is operating at an 8%+ cap rate with all units leased—offering strong in-place returns with clear expansion potential in one of Houston’s rapidly growing submarkets.
| Property Type | Residential Income |
| Property Sub Type | Detached |
| Year Built | 1940 |
| Year Built Source | PublicRecords |
| New Construction | No |
| Stories | 1 |
| Levels | One |
| Construction | Wood Siding |
| Roof | Composition |
| Bathrooms (total) | 0 |
| Lot Size (sq ft) | 27,000 |
| Lot Size Source | Appraiser |
| Lot Features | Cleared, Corner Lot |
| County | Harris |
| MLS Area Major | 2 |
| MLS Area Minor | Denver Harbor |
| Subdivision | None |
| Postal Code | 77020 |
| Heating | Other |
| Cooling | Window Units |
| Tax Annual Amount | $7,921 <small style="color:#6b7280">· from 2025 county roll</small> |
| Tax Year | 2025 (county roll) |
| Tax Rate (est.) | 1.06% |
| Parcel # | 062-045-003-0001 |
| Legal Description | LTS 1 THRU 11 BLK 3 SMITH |
| Listing Terms | Cash |
| Disclosures | Other |
Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.
Request this noticeThe §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.
Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.
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HARMLS last updated Sep 23, 2026, 11:00 PM CDT. Properties may subsequently be sold or off-market.
