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.
Listed by Jerome Love
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License #0466659
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LHS Realty Group
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281-773-3084
Last updated November 04, 2025
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Source: HAR #83952275
Listing Facts
TypeSingle-family
NeighborhoodSouth Park
Bedrooms3
Bathrooms1
Days on Prevu117
Taxes$2,313/year
Size1,080 sqft
Price per sqft$145
Amenities
Air Conditioning
Location
Mortgage Calculator
Listing History
11/04/2025
Price Decreased
$157,000
09/10/2025
Status changed to Active
$210,000
09/09/2025
Status changed to Removed from Feed
$210,000
08/04/2025
Status changed to Active
$210,000
08/03/2025
Status changed to Removed from Feed
$210,000
07/25/2025
Listed by LHS Realty Group
$210,000
Property Details for 5209 Tarawa Road
Exterior
Construction
Roof: Composition
Stories: 1
Year Built: 1956
Architectural Style: Contemporary/Modern
Construction Materials: Vinyl Siding, Wood Siding
Exterior Features: Fence, Private Yard
Features
Direction Faces: South
Fencing: Back Yard
Measurements
Building Area Total: 1,080
Lot Features: Subdivision
Lot Size Acres: 0.15
Lot Size Area: 6,560
Lot Size Source: Appraiser
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 075-190-016-0026
Tax Annual Amount: $2,313.00
Tax Year: 2024
Interior
Features
Appliances: Electric Oven, Free-Standing Range, Oven
Flooring: Carpet, Plank, Vinyl
Interior Features: Granite Counters
Measurements
Living Area: 1,080
Living Area Source: Appraiser
Rooms
Bathrooms Full: 1
Bathrooms Total Integer: 1
Bedrooms Total: 3
Rooms Total: 4
Other
Location
Subdivision Name: South Park Sec 02
Schools
Elementary School
Elementary School: KELSO ELEMENTARY SCHOOL
Elementary School District: 27 - Houston
High School
High School: WORTHING HIGH SCHOOL
High School District: 27 - Houston
Middle or Junior School
Middle Or Junior School: ATTUCKS MIDDLE SCHOOL
Middle Or Junior School District: 27 - Houston
Utilities
Equipment
Cooling: Central Air, Gas
Has Cooling: Yes
Laundry Features: Electric Dryer Hookup
Sewer: Public Sewer
Water Source: Public
Based on information from Houston Realtors Information Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
