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$440,000

5209 Plum Drive, Houston, TX, 77087

PendingInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths3,217 Sq Ft
Multi FamilyMulti Family
price_per_sqft$136.77 / sqft
Year BuiltBuilt in 1946

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher, Refrigerator
FlooringTile, Wood, Hardwood

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

Excellent investment opportunity in Southeast Houston! This fully occupied fourplex at 5209 Plum Dr offers immediate rental income and strong cash-flow potential. The property features a desirable unit mix of one 3-bedroom unit, two 2-bedroom units, and one studio-style unit, providing broad tenant appeal and multiple income streams. With over 3,200 sq ft of living space, a proven rental history, and established tenants already in place, this turnkey property is ideal for investors seeking stable returns and long-term growth. Conveniently located near I-45, Loop 610, and Highway 225, with easy access to Downtown Houston, the Texas Medical Center, the Port of Houston, shopping, dining, and major employment centers. A rare opportunity with excellent future appreciation potential to own a stabilized, income-producing multifamily property in a high-demand area .

Investor Tools

$55,789Estimated Mortgage Balance
$414,211Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$742/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
$55,789
$414,211
88%
12%
$432/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$432/mo
+$1,794/mo
5.7%

Learn About the Market: Opportunity in Houston

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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 Drive | Property Details | No Agent List