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.
Listed by Jerome Love
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License #0466659
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LHS Realty Group
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281-773-3084
Last updated September 06, 2025
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Source: HAR #60370590
Listing Facts
TypeSingle-family
NeighborhoodSouth Park
Bedrooms3
Bathrooms1
Days on Prevu43
Taxes$2,078/year
Size875 sqft
Price per sqft$211
Location
Mortgage Calculator
Listing History
08/27/2025
Price Decreased
$185,000
08/04/2025
Status changed to Active
$200,000
08/03/2025
Status changed to Removed from Feed
$200,000
07/25/2025
Listed by LHS Realty Group
$200,000
Property Details for 5223 Myrtlewood Street
Exterior
Construction
Roof: Composition
Stories: 1
Year Built: 1955
Architectural Style: Contemporary/Modern
Construction Materials: Vinyl Siding, Wood Siding
Exterior Features: Fence, Private Yard
Features
Direction Faces: South
Fencing: Back Yard
Measurements
Building Area Total: 875
Lot Features: Subdivision
Lot Size Acres: 0.14
Lot Size Area: 6,160
Lot Size Source: Appraiser
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 081-149-000-0021
Tax Annual Amount: $2,078.00
Tax Year: 2024
Interior
Features
Appliances: Electric Oven, Free-Standing Range
Flooring: Carpet, Plank, Vinyl
Interior Features: Tub Shower
Measurements
Living Area: 875
Living Area Source: Appraiser
Rooms
Bathrooms Full: 1
Bathrooms Total Integer: 1
Bedrooms Total: 3
Rooms Total: 4
Other
Location
Subdivision Name: Inwood Terrace Sec 02
Schools
Elementary School
Elementary School: BASTIAN ELEMENTARY SCHOOL
Elementary School District: 27 - Houston
High School
High School: WORTHING HIGH SCHOOL
High School District: 27 - Houston
Middle or Junior School
Middle Or Junior School: ATTUCKS MIDDLE SCHOOL
Middle Or Junior School District: 27 - Houston
Utilities
Equipment
Laundry Features: Electric Dryer Hookup
Sewer: Public Sewer
Water Source: Public
Based on information from Houston Realtors Information Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
