$85,000
 $456 est/mo Sourced by Back At You

5221 Malmedy Road,Houston, TX 77033

Houston, TX 77033

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Description

Investor special!!!! Property is currently a 2-bedroom, 1-bath. Property is selling at below lot value, which is at $115k. House will need considerable work to flip, but if you want to make this a rental, house was previously rented at $1k per month, with less than $5,000 needed to get ready to re-rent. House has two sections, one section is livable and that is the 2/1 and the other section was used for storage. House is being sold as is condition. Market lot value is $115k currently. There are 3 options for this home. 1) about 40k need to get ready to flip and covert the extra space to either an extra bedroom or garage with storage, 2) about $7,500 to get minimal rent ready to rent at $1200/month, 3) Tear down and rebuild house is below lot value. House is currently boarded to prevent anyone from entry.

Details

MLS #37227991
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1955
Days On Site8
Listing Provided ByTeifke Real Estate | Akshaya Patel

Features

Bed(s)2
Bath(s) 1 Total
SQ Feet1,012
Story(s)1
Acreage5692.00

Exterior

Lot FeaturesOther

Area Information

StateTX
CountyHarris
CityHouston
Zip Code77033
Area3
SubareaMedical Center South
Community NameSouth Park
Listing VS Median (in South Park)
Price:
$85,000
low | high
Med:
$169,675
49.617647058824% of Average
sqft:
1,012
low | high
Med:
1,429
8.794466403162% of Average
$ / sqft:
$84
low | high
Med:
$120
7.662062005715% of Average
On site:
8
low | high
Med:
150.5
5.31561461794% of Average
Sourced by Back At You

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Learn More About This Property

StateTX
CountyHarris
CityHouston
Zip Code77033
Area3
SubareaMedical Center South
Community NameSouth Park
Listing VS Median (in South Park)
Price:
$85,000
low | high
Med:
$169,675
49.617647058824% of Average
sqft:
1,012
low | high
Med:
1,429
8.794466403162% of Average
$ / sqft:
$84
low | high
Med:
$120
7.662062005715% of Average
On site:
8
low | high
Med:
150.5
5.31561461794% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $63K - $106K
sqft: 759 - 1,000
Nearby Listings Property ImageNearby Listings Details
5155 Balkin Street Property Photo 1
$88,000
5155 Balkin Street
Houston, TX 77021
Listing Updated: October 6, 2026 at 8:59:09 AM PDT