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29946556
29946575

2512 Calumet St, Houston, TX 77004

SS
TX TX 0772573
ReMax Commercial Real Estate Advisors
CP
TX TX 763861
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors
$1,500,000
111 days on market
Updated 102 days ago
Opportunity zone

Owner-Operator's Dream - Cash Flowing 7-Unit Airbnb

Details
Property Type Business for Sale, Hospitality (+2)
Sub Type Apartment Building, Business and Building (+1)
Square Footage 6,090
Units 7
Cap Rate 9.57%
NOI $143,533
Pro-Forma Cap Rate 11.64%
Pro-Forma NOI $174,601
Price per SqFt $246
Broker Co-Op Yes
Class B
Year Built 1935
Year Renovated 2022
Buildings 2
Stories 2
Lot Size (SqFt) 11,128
Investment Type Owner/User

Exceptional opportunity delivering consistent cash flow and strong long-term growth potential

Marketing description

This owner-operated cash-flowing multifamily property is currently being run as a short-term rental and presents a great opportunity for investors looking to expand their investment portfolio. This asset comprises two free-standing buildings: one meticulously remodeled into three units and another constructed with four sleek, modern units. This property comes fully equipped with all furniture, fixtures, and equipment, making this a cash-flowing asset from day one of ownership. Located in a prime area, this property is just minutes away from Houston’s top hotspots, including Montrose, Midtown, and Downtown Houston. Its desirable location ensures strong demand from both short-term and long-term renters, maximizing its income potential. In 2025, this property generated a net operating income (NOI) of $143,533, highlighting its strong financial performance. Beyond its current success, there is an opportunity to add two additional units, with an additional pro forma income of $50,000/year. This value-add

Investment highlights

  • Income-Generating Multifamily: Established and profitable, generating $18,241/month in Airbnb income NOI of $143,533 in 2025

  • Value-Add Opportunity: Opportunity to add two additional units, increasing revenue potential and profitability

  • Vacancy Rate: Currently maintaining a low vacancy rate of just 10% Prime Location: Situated in the heart of Houston, Texas, with proximity to the Medical Center, Houston Zoo, University of Houston, Memorial Park, Galleria, and Downtown Houston

  • Fully Furnished: The entire property is furnished with modern furniture, ready for immediate occupancy

  • On-Site Amenities: Great value-add amenities for guests, including assigned parking, a communal laundry room with two washers and two dryers, a fire pit, and a BBQ area

  • Turnkey Investment: No major renovations or maintenance required--starting earning and generating cash flow from day one

Listing Contacts

SS
TX TX 0772573
ReMax Commercial Real Estate Advisors
CP
TX TX 763861
ReMax Commercial Real Estate Advisors
Listed by ReMax Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,533.00
$11,961.08/mo

Valuation Metrics

0
DSCR
9.57%
Cap Rate
9.57%
ROI

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Additional Information

Name
Steve Schemmel
License
TX 0772573
Brokerage
ReMax Commercial Real Estate Advisors
Brokerage Phone
832-899-4389
Title
Associate Broker
Name
Charles Patawaran, CCIM
License
TX 763861
Brokerage
Gatsby Advisors Brokerage
Brokerage Phone
8328994389
Brokerage Address
5251 Westheimer Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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