Established Short-Term
For Sale
$1,389,000
6-2512 Calumet St, Houston, TX 77004
The operating rental has recorded approximately 95% occupancy and sits near Downtown Houston.
Property Size6,097 SF
Price / SF$227.82
Days on Market18
Property Features for 6-2512 Calumet St
General Information
Standard status
Active
Size
6,097 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$18,975
Listing Agency:
ListingSpark
Listed By:
Aaron Jistel · License #0548216
(877) 897-7275
Source:
Exprealty
Added: Sep 19
Changed: Oct 5
Last Checked: Oct 5 at 9:36PM
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 is an established operating property with a history of approximately 3–4 years as an Airbnb. Historical occupancy has been approximately 95%, providing an operating track record for the next owner.
The property is near Downtown Houston, placing it in proximity to the city center. Its existing short-term rental use and documented occupancy history are the primary details available for evaluating the asset.
The property is near Downtown Houston, placing it in proximity to the city center. Its existing short-term rental use and documented occupancy history are the primary details available for evaluating the asset.
Key Highlights
- Approximately 95% historical occupancy
- Operating as an Airbnb for approximately 3–4 years
- 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
Current Use
Location Intelligence
Trade Area within ½ mile
2,855
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - The operating rental has recorded approximately 95% occupancy and sits near Downtown Houston.
Where is this short term rental property located?
The property is located at 6-2512 Calumet St 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: Approximately 95% historical occupancy; Operating as an Airbnb for approximately 3–4 years; Near Downtown Houston
