5215 Palmer Street

5215 Palmer Street

Houston, TX 77004

$725,000
Price
7
Beds
5
Baths
3,286 Sq. Ft.
$221 / Sq. Ft.
3,286
Sq. Ft.
$221
per Sq. Ft.
a front view of a house with a yard
a front view of a house with a yard
a living room with furniture and kitchen view
a living room with furniture
a kitchen with stainless steel appliances a refrigerator and a wooden floor
a view of a dining room with furniture
a large bedroom with a bed and a dresser
a bathroom with a sink and a mirror
a bathroom with a shower
a bedroom with a bed and a painting on the wall
a bedroom with a bed and a chandelier
a bedroom with a bed a dresser and wooden floor
a bathroom with a toilet a sink and a mirror
a bathroom with a window
a bathroom with a sink a mirror and a toilet
a open kitchen with stainless steel appliances granite countertop a stove refrigerator and a microwave with wooden floor
a kitchen with stainless steel appliances granite countertop a table chairs sink refrigerator and cabinets
a kitchen with stainless steel appliances a refrigerator a stove a sink dishwasher and a refrigerator with wooden floor
a kitchen with granite countertop a sink stove and cabinets
a view of a back yard of the house
a view of a backyard with plants and a garden
a view of a house with a backyard and a patio
a view of an outdoor sitting area with furniture and umbrella
a view of a back yard of the house
a view of a backyard with furniture
a living room with a couch and a clock
a view of a dining room with furniture and window
a view of a dining room with furniture window and wooden floor
a bathroom with a sink a toilet and a mirror
an aerial view of a city with lots of residential buildings

Description

Great turnkey investment opportunity! Completely remodeled, fully furnished Duplex plus a Casita! Currently being used as an Airbnb and grossed $94k over the past 12 months. The front building features two units, each with 3 bedrooms, 2 full bathrooms, a full kitchen, and living area; the Casita in the back is a studio apartment with a full bathroom. All three units were fully remodeled and updated in 2023. The shared courtyard with string lights is perfect for guests/tenants to enjoy. Just minutes...Great turnkey investment opportunity! Completely remodeled, fully furnished Duplex plus a Casita! Currently being used as an Airbnb and grossed $94k over the past 12 months. The front building features two units, each with 3 bedrooms, 2 full bathrooms, a full kitchen, and living area; the Casita in the back is a studio apartment with a full bathroom. All three units were fully remodeled and updated in 2023. The shared courtyard with string lights is perfect for guests/tenants to enjoy. Just minutes from the Texas Medical Center, Museum District, and Universities. Airbnb bookings in the area continue to increase from a year ago. All appliances included with the sale! Cap rate 8.9% at asking.
  1. Listed by Marco Mendoza • TREC #0677246 • Real Properties

Property Details for 5215 Palmer Street

Area
4
Geo Market Area
Riverside
Subdivision
Riverside Ext
School District
27 - Houston
Cool System
Central Electric

Location

Listing Courtesy of Real Properties, Marco Mendoza, TREC #0677246
Add your commute
LISTING UPDATED: 04/03/2024 01:32 PM

Property Details for 5215 Palmer Street

StatusActive
MLS #17868122
Days on Market82
Taxes$8,914 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Triplex
Year Built1935
Lot Size0.12 AC / 5,250 SF
CountyHarris County

Location

Listing Courtesy of Real Properties, Marco Mendoza, TREC #0677246
Add your commute

Building Information for 5215 Palmer Street

Stories2Residences2Year Built1935Building Size-Lot Size0.12 AC / 5,250 SF

Payment Calculator

$4,699 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,957

Property Taxes

$743

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5215 Palmer Street

Description Information
School Details
  • School Elementary: LOCKHART ELEMENTARY SCHOOL
  • School Middle: CULLEN MIDDLE SCHOOL (HOUSTON)
  • School High: YATES HIGH SCHOOL
Building Details
  • Stories: 2
  • Unit Total: 3
  • New Construction: No
  • Year Built Src: Appraisal District
Lot Information
  • Sq Ft Source: Seller
  • Lot Size Source: Appraisal District
  • Section Num: 0
  • Parcel Number: 061-084-009-0004
Unit Information
Unit 1
  • Unit Type: Studio
Unit 2
  • Unit Type: 3 Bedrooms
Interior Exterior Utilities and Additional Information
Interior Features
  • Microwave: Yes
  • Dishwasher: Yes
  • Disposal: Yes
  • Refrigerator: Yes
  • Range: Yes
  • Floors: Laminate, Tile
  • Unit Features: Furnished
  • Misc Features: Fire/Smoke Alarm, Subdivision Lot, Washer/Dryer Connections
Exterior Features
  • Lot Description: Cleared
  • Roof: Composition
  • Siding: Brick, Wood
  • Utilities: Electric, Gas, Water
  • Heat System: Central Gas
  • 55+ Community: No
Financial Information
HOA and Fees
  • Maintenance Fee: No
  • Fee Other: No
  • Tax Year: 2023
  • Tax Rate: 2.13%
Financial Information
  • Tenancy Type: Weekly

Property History for 5215 Palmer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5215 Palmer Street

Taxable ValueLand$162,750Additions$255,767Total$418,517
Tax Record2022$8,432 ($703 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt2,310 SqFtAbove Grade Finished SqFt2,310 SqFtStories2Lot Size5,249 SqFtStyleSingle Family ResidenceYear Built1935CountyHARRISAPN0610840090004

Schools near 5215 Palmer Street

This home is within Houston Independent School District.
Rating
School
Type
Grades
Distance
Lockhart Elementary School
Public - PK to 5
Cullen Middle School
Public - 6 to 8
Yates High School
Public - 9 to 12
Energy Institute High School
Public - 9 to 12
Rating
School
Distance
Lockhart Elementary School
PublicPK to 5

Cullen Middle School
Public6 to 8

Yates High School
Public9 to 12

Energy Institute High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5215 Palmer Street, Houston, TX 77004

5215 Palmer Street is a multi-family home for sale in Houston, TX 77004. This property was listed for sale on February 15, 2024 by Real Properties, it's currently listed at $725,000. It has been on the market for a total of 82 days and was last sold on September 8, 2022. This listing's school district is Houston Independent School District. Nearby schools include Lockhart Elementary School, Cullen Middle School and Yates High School. 5215 Palmer Street is a 7-bed, 5-bath, 3,286 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Properties, Marco Mendoza, TREC #0677246

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