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.
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
5209 Tarawa Rd · $157,000
DAYS ON MARKET
399 days
The average home goes pending in 46 days.
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
LIST PRICE
$157,000
Median list price in this area is $339,000. (116% higher than this home)
PRICE DROP
1 price drop
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Granite counters
Smoke detector(s)
Bedrooms
Primary bedroom (first level)
Bedroom (first level)
Bedroom (first level)
Total of 4 rooms
Bathrooms
1 full bathroom
Kitchen
Electric oven
Free-standing range
Oven
Laundry & utility
Electric dryer hookup
Flooring
Carpet
Plank
Vinyl
Heating & cooling
Central air
Gas heating/cooling
Exterior features
Private yard
Back yard fencing
Fence
Home design
Residential property
Faces south
Security
Smoke detector(s)
Construction
Built in 1956
Vinyl siding
Wood siding
Composition roof
Slab foundation
Utilities
Public water
Public sewer
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.
Historical weather
Houston, TX • 77033
Average low and high temperatures (°F)
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79
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91
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87
68
78
61
70
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5209 Tarawa Rd
$152,474
$4,526 under list price of $157K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $145K to $230K.