$157,000
3 Bed
1 Bath
1,080 Sqft
0.15 Acre Lot

5209 Tarawa Road, Houston, Texas 77033

  • Residential Property Type
  • 1,080 Sqft Square Footage
  • 1956 Year Built
Property Description

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.

Basic Details
Residential
For Sale
83952275
$157,000
3
4
1
1,080 Sqft
1956
0.15 Acre
1
Detached
: Composition
Active
$0
Features
: None
: Gas, Central Air
: Back Yard
: Contemporary/Modern
: Fence, Private Yard
: Carpet, Vinyl, Plank
: Granite Counters
: Electric Dryer Hookup
: Public Sewer
$0
Appliances
: Electric Oven, Oven, Free-Standing Range
Address Map
TX
Harris
Houston
77033
Tarawa
5209
Road
W96° 39' 35.9''
N29° 40' 48.9''
South
610 exit MLK turn right then right on Tarawa
3
Neighborhood
KELSO ELEMENTARY SCHOOL
27 - Houston
WORTHING HIGH SCHOOL
27 - Houston
27 - Houston
ATTUCKS MIDDLE SCHOOL
MLS Addon
LHS Realty Group
Jerome Love
$0
$0
$0
$0
$0
Additional Information
1080
: Wood Siding, Vinyl Siding
: Slab
: One
: Subdivision
2025-07-25
210000
1
: Public
Financial
2313.0
Listing Information
JLOVE
LHSR01
Active
2026-05-01T13:20:35Z
HAR
2026-05-01T08:19:21Z
Speer Companies Brokerage
Speer Companies Brokerage
Contact Broker