Turn-Key Houston Airbnb
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4948 Polk Street, Houston, TX 77023
Fully renovated 12-unit short-term rental near Downtown Houston.
Property SizeContact for details
Days on Market327
Property Features for 4948 Polk Street
General Information
Standard status
Active
Class
B
Property subtype
Multifamily, Hospitality
Zoning
NZ
Listing Agency:
Sands Investment Group
(754) 258-5750
Listed By:
Max Freedman · License #TX 644481
Source:
Crexi
Added: Sep 29, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:35AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
This is a fully renovated and fully furnished 12-unit short-term rental property. It also features a neighboring 10-plex with studio units and a duplex with two-bedroom, two-bath units on each side. The property generates cash flow with potential to increase net operating income. Located approximately 2 miles from Downtown Houston and 5 minutes from the University of Houston, it is also near the Texas Medical Center. The property maintains an average occupancy above 85%, supported by the city’s tourism and proximity to shopping, dining, healthcare, and university amenities. With over $400,000 in recent renovations and furnishings, this property is ready for immediate operation. Investment paths include short-term, mid-term, student, or travel nurse rentals. The Texas Medical Center employs many healthcare professionals, researchers, and support staff, many of whom require temporary housing for short-term contracts or training programs, creating a demand for short-term and mid-term rental options.
Key Highlights
- Fully renovated and furnished 12‑unit short‑term rental property with additional 10‑plex and duplex units.
- Generates strong, reliable cash flow with significant upside potential.
- High occupancy rate (85%+) driven by Houston's robust tourism and proximity to amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
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 - Fully renovated 12-unit short-term rental near Downtown Houston.
Where is this short term rental property located?
The property is located at 4948 Polk Street Houston, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully renovated and furnished 12‑unit short‑term rental property with additional 10‑plex and duplex units.; Generates strong, reliable cash flow with significant upside potential.; High occupancy rate (85%+) driven by Houston's robust tourism and proximity to amenities.
