Established Short-Term Rental
For Sale
$1,389,000
2512 Calumet St Unit 6, Houston, TX 77004
Airbnb operation near Downtown Houston with an established rental history and access to employment, dining, and entertainment destinations.
Property Size6,097 SF
Price / SF$227.82
Days on Market19
Property Features for 2512 Calumet St Unit 6
General Information
Standard status
Active
Size
6,097 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$187,000
Multifamily Units
1
Building Details
Year Built
1955
Listing Agency:
Listing Spark
Listed By:
Aaron Jistel · License #0548216
(877) 897-7275
Source:
Thepikoffteam
Added: Sep 21
Changed: Oct 8
Last Checked: Oct 7 at 3:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Listing Spark
Investment Insights
Based on property information with market context.
This short-term rental property has operated as an Airbnb for approximately 3-4 years, providing an established lodging operation rather than a new launch. Historical occupancy has been approximately 95%, and rental history may be made available to qualified buyers. The property was built in 1955.
Located near Downtown Houston, the property is also close to major attractions, employment centers, dining, entertainment, and medical destinations. The address is 2512 Calumet Street # 6, Houston, TX 77004, placing the asset within an established urban setting suited to short-term rental use.
Located near Downtown Houston, the property is also close to major attractions, employment centers, dining, entertainment, and medical destinations. The address is 2512 Calumet Street # 6, Houston, TX 77004, placing the asset within an established urban setting suited to short-term rental use.
Key Highlights
- Established Airbnb operation with approximately 3‑4 years of operating history
- Approximately 95% historical occupancy
- Located near Downtown Houston
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,074
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,480
$1.4M
Cap Rate 7%
$986,771
$986.8K
Cap Rate 9%
$767,489
$767.5K
Market Conditions
NOI Build-Up for 6,097 SF
Gross rent
$133.9K $21.96/SF
− Vacancy
−$8.3K −$1.36/SF
EGI
$125.6K $20.60/SF
− OpEx
−$56.5K −$9.27/SF
NOI
$69.1K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,480
Cap Rate 7%
$986,771
Cap Rate 9%
$767,489
Alternative Uses
Best Use
Apartment 5plus
$986.8K
$863.4K – $1.15M
NOI $69,074 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,746 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Airbnb operation near Downtown Houston with an established rental history and access to employment, dining, and entertainment destinations.
Where is this short term rental property located?
The property is located at 2512 Calumet St Unit 6 Houston, TX.
What is the asking price?
The asking price for this property is $1,389,000.
What are key features of this property?
This property features: Established Airbnb operation with approximately 3‑4 years of operating history; Approximately 95% historical occupancy; Located near Downtown Houston
