2512 Calumet St Houston, TX 77004
Property Lookup
Property profile & analytics
2512 Calumet St Houston, TX 77004
- Apartment buildings
- 4,694 SF
- 0.26 lot acres
Property ID
US82-3792539
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- WSC Construction LTD / General Contractor
Property Details for 2512 Calumet St
- Year built
- 1955
- Construction
- WOOD FRAME
- Lot size
- 0.26 lot acres
- Property size
- 4,694 SF
- Property type
- Apartment buildings
- APN
- 611220000010
- APU
- 611220000010
Description
This exceptional Houston investment property boasts seven units across two buildings: a remodeled three-unit building and a newly constructed four-unit building. Located in a prime area near the Medical Center, Houston Zoo, University of Houston, Memorial Park, Galleria, and Downtown Houston, this property offers a compelling combination of established income and significant value-add potential. The 6,090 square foot property sits on an 11,128 square foot lot and includes on-site amenities such as assigned parking, a communal laundry room, a fire pit, and a BBQ area. Built in 1935 and extensively renovated in 2022, the property currently generates substantial Airbnb income, with a Net Operating Income (NOI) of $133,810 in 2023 and $84,320 year-to-date in 2024. A pro-forma NOI of $173,000 is projected with the addition of two more units, representing a significant value-add opportunity. The property is fully furnished and turnkey, requiring no immediate renovations or maintenance. The asking price is $1,650,000, representing an 8.11% cap rate and a pro-forma cap rate of 10.48%. This is a rare opportunity to acquire a cash-flowing multifamily property with substantial upside potential in a highly desirable Houston location. The current vacancy rate is low at 10%. The property's strong financial performance, prime location, and value-add potential make it an ideal investment for discerning buyers seeking immediate cash flow and long-term growth.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3756
- Latitude
- 29.7177
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,064
$278,200
$366,800
$645,000
-
$278,200
$366,800
$645,000
