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Image 1 - 5295 Palmer Street, Houston, TX 77004, USA - House for sale
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Home For Sale In Houston, Texas
5295 Palmer Street, Houston, TX 77004, USA

Home For Sale In Houston, Texas

house for sale
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Listed: 02/23/24

5295 Palmer Street, Houston, TX 77004, USA

3 Bed:
2 Bath:
3,286 Sq Ft Living Area:
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Price
$ 750,000
Price:  Increased

About This House

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.

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Houston Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
Show as List Show as Graph
In April 2024, the asking price for 3 bed houses for sale in/near Houston, United States averaged $458,097, a decrease of 7% from the previous month.
Median price trends for properties for sale in Houston, United States as of April 2024.

Household Income

Median household income: $51,203
Number of households: 849,105
The average household income in Houston, TX grew from $50,896 to $51,203 in the past year. This data is an estimate based upon 849,105 households in Houston, TX.
The chart below presents how household income is distributed in Houston, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Houston, TX compared to median property taxes around the country. The prevalent amount of property taxes in Houston, TX equals $3k+ , which is more than the national average.