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5215 Palmer Street Houston, TX $ 725,000
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$ 725,000 Get more info
5215 Palmer Street
$ 725,000
Back to search
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5215 Palmer Street

Houston, TX, 77004
$ 725,000
Bedrooms7 Baths5.0 Sq 3,286

Monthly Estimate*

$ 5,064

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Multi-Family Home for sale in Houston, TX

for $725,000 with 7 bedrooms and 5 full baths. This 3,286 square foot home was built in 1935 on a lot size of 0.120523.

Great turnkey investment opportunity! Completely remodeled, fully furnished Duplex plus a Casita! Currently being used as an Airbnb and grossed $94k over the past 12 months. The front building features two units, each with 3 bedrooms, 2 full bathrooms, a full kitchen, and living area; the Casita in the back is a studio apartment with a full bathroom. All three units were fully remodeled and updated in 2023. The shared courtyard with string lights is perfect for guests/tenants to enjoy. Just minutes from the Texas Medical Center, Museum District, and Universities. Airbnb bookings in the area continue to increase from a year ago. All appliances included with the sale! Cap rate 8.9% at asking.

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Multi-Family Active

Price

$ 725,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,914

Style

Multi-Family

Lot Size

0.120523

Year Built

1935

Town/City

Houston

County/Region

Harris

MLS | Web ID

17868122
Features
General
Heating Central Gas
Utilities Electric Gas Water
Roof Composition
Restrictions Deed Restrictions
Full Baths 5
Year Built 1935
New Construction 0
Subdivision Riverside Ext
Stories 2
County Harris
Tax Rate 2.1298
Property Type Multi-Family
Yearly Taxes 8914
Tax Year 2023
Status Active
Sub Type Triplex
Directions 288 North. Exit Southmore Blvd. and make a Right onto Southmore Blvd. Make a Right onto Palmer St.
City Houston
Disclosures Sellers Disclosure
School District 27 - Houston
Street Name Palmer
Geo Market Area Riverside
DOM 71
Maintenance Fee Y/N 0
Elementary School LOCKHART ELEMENTARY SCHOOL
Middle School CULLEN MIDDLE SCHOOL (HOUSTON)
Finance Available Cash Sale Conventional FHA VA
High School YATES HIGH SCHOOL
List Type Exclusive Right to Sell/Lease
Unit Total 3
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Exterior
Siding Brick Wood
Lot Size Source Appraisal District
Lot Size 5250
Lot Description Cleared
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Interior
Unit Features Furnished
Total Bedrooms 7
Floors Laminate Tile
Disposal 1
Refrigerator 1
Range 1
Dishwasher 1
Total Baths 5.00
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* Excluded Features
List By
Real Properties

Broker

marco@mamohousebuyers.com

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Affordability Calculator

$5,807
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,064
Monthly Property Taxes
$743
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1770743 Elementary School
1770835 Middle School
Yates High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/3/2024$725,000 -3.33% Price Down
2/16/2024$750,000 Listed Price

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5215 Palmer Street, Houston, TX, 77004 is a Multi-Family Home for sale at $725,000 with 3,286 sqft and a lot size of 0.120523. 5215 Palmer Street has 7 bedrooms, 5.0 baths, and was built in 1935. The property's zip code is 77004 which is in Houston, TX

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