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$429,900

5209 Plum Dr, Houston, TX, 77087

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths3,217 Sq Ft
DuplexDuplex
price_per_sqft$133.63 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher, Refrigerator
FlooringWood

Exterior

Lot Size7,170 sqft

Building Information

Year Built1946

Land Information

APN0551400070012
SubdivisionLum Terrace R/P
Land UseResidential
Legal DescriptionTRS 12B & 13B BLK 53-2 LUM TERRACE R/P
Census Tract332900
Assessed Land Value$57,360
Assessed Improvement Value$263,004
Assessment Year2025

About this property

Discover a turnkey, fully occupied fourplex in Southeast Houston offering immediate income and strong long-term investment potential. The property has been thoughtfully upgraded with new plumbing and electrical systems, providing valuable improvements for the next owner. Each unit features a renovated custom kitchen with granite countertops and a convenient kitchen island, along with attractive wood flooring and comfortable living spaces. Covered patios provide additional outdoor space for tenants, while central HVAC and gated driveway access enhance everyday convenience. Ideally located near I-45, Loop 610, Highway 225, Downtown Houston, the Texas Medical Center, and the Port of Houston, this well-positioned multifamily property offers convenient access to major employment centers, shopping, dining, and transportation. An excellent opportunity for investors seeking a stabilized, income-producing asset with strong tenant appeal in an established Houston neighborhood.

Investor Tools

$55,946Estimated Mortgage Balance
$380,527Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,616 /month
Positive
Cash Flow Estimate:
$872 /month

Interested in this property?

Joel Joy

TEXAS GOLD REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$728/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,553
$320,364
2025
$57,360
$263,004
$320,364
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$6,553
$320,364

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ben Goldberg
Unknown
$72,000
No
First
Dec 30, 2015
Dec 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,946
$414,054
88%
13%
$432/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$432/mo
+$1,794/mo
6.1%

Learn About the Market: Opportunity in Houston

Local Market Pages
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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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5209 Plum Dr | Property Details | No Agent List