Exceptional cash-flow opportunity at 5838 Reed Rd, Houston, TX! This 8-bedroom, 3-bathroom property is already operating as a successful room-rental investment, with the current tenant utilizing the home as a PadSplit-style rental by leasing individual bedrooms. The property is tenant occupied with a lease in place through April 2029, providing long-term rental stability. The lease also includes a scheduled rent increase in 2028, offering built-in income growth for the next owner. Whether you're looking to expand your investment portfolio or secure a property with immediate cash flow, this is an excellent opportunity to maximize returns. Conveniently located with easy access to major highways, Downtown Houston, the Texas Medical Center, and the University of Houston, this property is well-positioned to attract consistent tenant demand. Please do not disturb the tenant. Showings are by appointment only with an accepted offer or as arranged with the listing agent.
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
5838 Reed Rd · $220,000
$220K and above
75% chance or better to win
Why $220K+ is a strong offer
DAYS ON MARKET
40 days
The average home goes pending in 46 days.
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Eight total rooms
Bedrooms
Seven bedrooms on the first floor
Primary bedroom on the first floor (approx. 13x11)
Six additional bedrooms on the first floor (each approx. 10x10)
Bathrooms
Three full bathrooms
Heating & cooling
Central heating (electric and gas)
Central air conditioning (electric and gas)
Exterior features
Located in a subdivision
Home design
Residential property
Entry level: First floor
Parking
Attached garage with space for 2 cars
Construction
Built in 1956
Slab foundation
Composition roof
Construction materials: Unknown
Utilities
Public water
Septic tank sewer
Financial info
Lease not considered
Electricity and solar
View estimated energy costs and solar savings for this home
Charming 1 story in Edgewood Terrace on Reed Rd. Huge front and backyard with ample parking space to accommodate guests and family! Shaded backyard is ready for family functions. Original hardwood floors in most rooms. Schedule your private viewing 24 hours in advance!
Public Records
May 24, 2011
Sold
*
HARMLS #57224379
May 9, 2011
Listing Removed
—
Feb 21, 2011
Listed
$73,000
$43/sq ft
Public Records
Jan 2, 1988
Sold
*
* Price is not available or MLS listing is off market.
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
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being 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
95
79
91
75
87
68
78
61
70
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5838 Reed Rd
$215,775
$4,225 under list price of $220K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $175K to $240K.