Investor special!!!! Property is currently a 2-bedroom, 1-bath. Property is selling at below lot value, which is at $115k. House will need considerable work to flip, but if you want to make this a rental, house was previously rented at $1k per month, with less than $5,000 needed to get ready to re-rent. House has two sections, one section is livable and that is the 2/1 and the other section was used for storage. House is being sold as is condition. Market lot value is $115k currently. There are 3 options for this home. 1) about 40k need to get ready to flip and covert the extra space to either an extra bedroom or garage with storage, 2) about $7,500 to get minimal rent ready to rent at $1200/month, 3) Tear down and rebuild house is below lot value. House is currently boarded to prevent anyone from entry.
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
Offer insights
5221 Malmedy Rd · $74,999
$75K and above
75% chance or better to win
Why $75K+ is a strong offer
DAYS ON MARKET
22 days
The average home goes pending in 54 days.
SALE-TO-LIST
97.2%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Total of 5 rooms
Bedrooms
Two bedrooms on the first level (each 12x10)
Bathrooms
One full bathroom on the first level (10x8)
Kitchen
Kitchen on the first level (12x10)
Heating & cooling
Window unit cooling
Exterior features
Lot features listed as Other
Lot measured in square feet
Home design
Residential property
One-story entry level (first level rooms listed)
Construction
Wood siding exterior
Shingle and wood roof
Slab foundation
Built in 1955
Utilities
Public water
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
10/10 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)
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90
74
87
68
78
61
70
53
Jan
Feb
Mar
Apr
May
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Jul
Aug
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Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Houston. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5221 Malmedy Rd
$69,429
$5,570 under list price of $75K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $80K to $225K.