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 provides immediate flexibility for value creation as the tenant is on a month-to-month lease, allowing for a rent adjustment or new lease structure. Significant interior renovations were completed in 2013, including all interior plumbing, bathroom remodel, new HVAC, flooring, sheetrock, and electrical upgrades. In 2022, the kitchen was fully remodeled, further enhancing interior appeal. Condition & Value-Add: The primary opportunity lies in exterior improvements—siding and window replacement—which would align the property with interior quality and support a rent increase to $1,250 or more per month. Please review attachment will all other properties in portfolio sale.
South Park, located between Martin Luther King Jr. Boulevard and the South Loop East (I-610), is a residential and institutional Houston neighborhood with broad boulevards and a campus-driven energy. The neighborhood’s character concentrates around the MLK Blvd and Yellowstone Blvd corridor, where corner eateries, barbershops, and small storefronts line the street in a steady daytime rhythm. Texas Southern University and the University of Houston define the area’s scale with brick academic buildings, stadium lights, and constant foot traffic. Housing trends toward mid-century single-story homes and modest apartment communities on a tight street grid. MacGregor Park adds long lawns, trails, and a lakefront edge that shapes daily routines. METRORail at Palm Center anchors car-free connections to Downtown and the Museum District.
Provided by Walk Score and Local Logic
Market insights
5117 Rapido Rd · $149,000
DAYS ON MARKET
407 days
The average home goes pending in 46 days.
SALE-TO-LIST
97.5%
Most homes are selling 3% below list price.
LIST PRICE
$149,000
Median list price in this area is $329,981. (121% higher than this home)
PRICE DROP
1 price drop
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Ceiling fans
Bedrooms
Primary bedroom on the first floor
Two additional bedrooms on the first floor
Fourth living space (living room) on the first floor
Bathrooms
1 full bathroom
Kitchen
Electric oven
Electric range
Free‑standing range
Oven
Laundry & utility
Electric dryer hookup
Flooring
Carpet
Plank
Vinyl
Heating & cooling
Central heating (electric)
Central air conditioning (electric)
Exterior features
Private yard
Fence
Subdivision setting
Asphalt road access
Home design
Residential property
Faces south
One story
Parking
No parking details provided
Construction
Built in 1950
Vinyl siding
Wood siding
Composition roof
Slab foundation
Utilities
Public water
Public sewer
Financial info
Lease not considered
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 109° expected this year, 24 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Houston, TX • 77033
Average low and high temperatures (°F)
62
45
71
54
79
61
81
67
86
71
90
77
93
78
93
78
91
75
87
68
78
61
70
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5117 Rapido Rd
$146,648
$2,352 under list price of $149K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $145K to $230K.