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5017 Mallow Street
Houston, TX 77033
$720,000
Great investment opportunity! This fully renovated multifamily property features 7 units across two duplexes and one triplex, with each unit offering a spacious 2-bedroom, 1-bathroom layout and modern updates throughout. Recent exterior improvements include a new roof, new gutters, and more. A survey is available for review.
Currently, 6 of the 7 units are occupied, providing immediate rental income with additional upside potential. At full occupancy, the property has the potential to meet the 1% rule based on current rental rates, with significant room for rental growth, as current rents are below comparable properties in the area.
Located in a rapidly developing neighborhood with ongoing new construction, this property offers excellent long-term investment potential. The adjacent lot is also available for purchase, creating additional opportunities for future development or expansion.
| Listing Id: | 59254079 |
|---|---|
| List Price: | $720,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Detached |
| Status: | Active |
| Bedrooms Total: | 14 |
| Bathrooms Full: | 7 |
| Living Area: | 5,550 |
| Tax Annual Amount: | $11,275 |
| Waterfront?: | No |
| City: | Houston |
| County Or Parish: | Harris |
| Subdivision: | Sunnyside Gardens |
| Postal Code: | 77033 |
| Year Built: | 1965 |
| Number Of Units Total: | 7 |
| Basement Yn: | No |
| Bathrooms Total Integer: | 7 |
| Building Area Total: | 5,550.0 |
| Cooling: | Central Air and Electric |
| Cooling?: | Yes |
| Directions: | From Downtown Houston, take TX-288 South to I-610 East. Take Exit 36B toward Cullen Blvd and turn right onto Cullen Blvd. Turn left onto Reed Rd, then left onto Jutland Rd. Turn right onto Mallow St. The property will be on the left. |
| Disclosures: | Other |
| Elementary School: | WOODSON ELEMENTARY SCHOOL |
| Elementary School District: | 27 - Houston |
| Heating: | Central, Electric |
| Heating?: | Yes |
| High School: | WORTHING HIGH SCHOOL |
| High School District: | 27 - Houston |
| Internet Automated Valuation Display?: | Yes |
| Internet Consumer Comment?: | Yes |
| Levels: | One |
| Listing Agreement: | ExclusiveRightToLease |
| Listing Terms: | Cash, Conventional, InvestorFinancing, Other |
| Living Area Source: | Appraiser |
| Lot Size Area: | 25,200.0 |
| Lot Size Source: | Survey |
| Lot Size Units: | SquareFeet |
| Middle Or Junior School: | THOMAS MIDDLE SCHOOL |
| Middle Or Junior School District: | 27 - Houston |
| MLS Area Major: | 3 |
| MLS Area Minor: | Medical Center South |
| Operating Expense Includes: | Accounting, Electric, Fuel, Insurance, Maintenance |
| Original List Price: | $720,000 |
| Parcel Number: | 075-199-018-0040 |
| Postal City: | Houston |
| Postal Code Plus4: | 3931 |
| Public Survey Section: | 18 |
| Roof: | Other |
| Status: | Active |
| State Or Province: | TX |
| Stories: | 1 |
| Street Number Numeric: | 5,017 |
| Tax Year: | 2023 |
| Universal Property: | US-48201-N-0751990180040-R-N |
| Utilities: | Cable Available, Electricity Available, and Water Available |
| Year Built Source: | PublicRecords |
| Listing Key: | 1193536965 |
| Current Price: | $720,000.00 |
| Country Subdivision: | 48201 |
| Record Signature: | 1,782,632,531 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:48201:075-199-018-0040 |
Listing Courtesy of: Walzel Properties - Katy
Listing Agent: Gustavo A Alvarado
832-283-2244
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Houston Association of REALTORS® data last updated on October 21, 2026 04:05 AM - ET.
Property Last Updated: October 21, 2026 04:05 AM - ET
