Established Short-Term Rental
For Sale
$1,389,000
2512 Calumet St 6, Houston, TX 77004
Operating Airbnb rental near Downtown Houston with strong historical occupancy and access to urban destinations.
Property Size6,097 SF
Days on Market17
Property Features for 2512 Calumet St 6
General Information
Standard status
Active
Size
6,097 SF
Property subtype
Investment
Lease Term
Month-to-month
Additional Details
Gross Income
$187,000
Taxes and HOA fees
Annual Taxes
$18,975
Building Details
Building Size
6,097 SF
Year Built
1955
Stories
2
Listing Agency:
ListingSpark
Listed By:
Aaron Jistel · License #0548216
(877) 897-7275
Source:
Elliman
Added: Sep 20
Changed: Oct 6
Last Checked: Oct 5 at 6:28PM
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 ListingSpark
Investment Insights
Based on property information with market context.
This short-term rental property at 2512 Calumet St 6 in Houston has been operated as an Airbnb for approximately 3–4 years. Built in 1955, the asset has a documented operating history and has historically achieved approximately 95% occupancy.
The property is positioned near Downtown Houston, with access to attractions, employment centers, dining, entertainment, and medical destinations. Walk Score, Bike Score, and Transit Score are 93, 74, and 75, respectively, reflecting convenient access to walking, bicycling, and public transportation options.
The established rental operation offers an existing platform for continued short-term use, subject to applicable requirements and verification of operating records.
The property is positioned near Downtown Houston, with access to attractions, employment centers, dining, entertainment, and medical destinations. Walk Score, Bike Score, and Transit Score are 93, 74, and 75, respectively, reflecting convenient access to walking, bicycling, and public transportation options.
The established rental operation offers an existing platform for continued short-term use, subject to applicable requirements and verification of operating records.
Key Highlights
- Short‑term rental property at 2512 Calumet St 6, Houston, TX 77004
- Operated as an Airbnb for approximately 3–4 years
- Historical occupancy of approximately 95%
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
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Operating Airbnb rental near Downtown Houston with strong historical occupancy and access to urban destinations.
Where is this short term rental property located?
The property is located at 2512 Calumet St 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: Short‑term rental property at 2512 Calumet St 6, Houston, TX 77004; Operated as an Airbnb for approximately 3–4 years; Historical occupancy of approximately 95%
