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.
For sale
Price cut: $10K (10/17)
$74,999
5221 Malmedy Rd, Houston, TX 77033
2beds
1,012sqft
Single Family Residence
Built in 1955
5,693 Square Feet Lot
$-- Zestimate®
$74/sqft
$-- HOA
What's special
Extra spaceGarage with storage
- 21 days
- 732
- 56
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Akshaya Patel TREC #0751537 512-579-1855,
Teifke Real Estate
Source: HAR,MLS#: 37227991
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Area: 120
- Dimensions: 12x10
Bedroom
- Level: First
- Area: 120
- Dimensions: 12x10
Other
- Level: First
- Area: 80
- Dimensions: 10x8
Kitchen
- Level: First
- Area: 120
- Dimensions: 12x10
Living room
- Level: First
- Area: 234
- Dimensions: 18x13
Heating
- None
Cooling
- Window Unit(s)
Interior area
- Total structure area: 1,012
- Total interior livable area: 1,012 sqft
Property
Features
- Stories: 1
Lot
- Size: 5,693 Square Feet
- Features: Other, 0 Up To 1/4 Acre
Details
- Parcel number: 7051900090016
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Wood
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: South Park
Location
- Region: Houston
Financial & listing details
- Price per square foot: $74/sqft
- Tax assessed value: $101,212
- Annual tax amount: $2,111
- Date on market: 10/6/2026
- Listing terms: Cash,Conventional,FHA,Investor,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$1,340/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2026 | Price change | $74,999-11.8%$74/sqft |
Source:  HAR #37227991 Report a problem | ||
| 10/6/2026 | Listed for sale | $85,000$84/sqft |
Source: HAR #37227991 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,111 +21.9% | $101,212 +22.3% |
| 2024 | $1,732 -17.2% | $82,784 -27% |
| 2023 | $2,092 +3.7% | $113,331 +9.6% |
| 2022 | $2,017 | $103,451 +37.2% |
| 2021 | -- | $75,384 +53.9% |
| 2020 | $1,056 | $48,975 +23.1% |
| 2019 | -- | $39,769 +2.8% |
| 2018 | $505 | $38,674 +93.4% |
| 2017 | $505 -0.1% | $20,000 -44.2% |
| 2016 | $506 +45.7% | $35,858 +165.6% |
| 2015 | $347 | $13,500 |
| 2014 | $347 | $13,500 -3.6% |
| 2013 | -- | $14,000 -6.7% |
| 2012 | -- | $15,000 -41.6% |
| 2011 | -- | $25,700 -16.3% |
| 2010 | -- | $30,723 |
| 2009 | -- | $30,723 |
| 2008 | -- | $30,723 +2.1% |
| 2007 | -- | $30,082 +16.7% |
| 2006 | -- | $25,774 +14.2% |
| 2005 | -- | $22,566 +11.7% |
| 2004 | -- | $20,200 +40.3% |
| 2003 | -- | $14,400 +5.1% |
| 2002 | -- | $13,700 |
| 2001 | -- | $13,700 +50.5% |
| 2000 | -- | $9,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Park
Nearby schools
Schools provided by the listing agent
- Elementary: Kelso Elementary School
- Middle: Attucks Middle School
- High: Worthing High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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