10-Unit Multifamily in Cleveland, TX
Liberty County, TX · listed Apr 30, 2025 (546 days)
- $/unit
- $120,000
- ▲ 30% vs TX · 66th pct
- Cap rate
- 7%
- ▼ 0.4 pts vs TX median
- Gross yield
- —
- Units
- 10
- 1978
Financials
- Asking price
- $1,200,000
- Price per unit
- $120,000
- Price per sq ft
- $1,200,000
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 7%
- Gross yield
- Not stated
- Occupancy
- 90%
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- 2 bedrooms, 1 bathroom each unit
- Buildings
- Not stated
- Year built
- 1978
- Building size
- 1 sq ft
- Avg unit size
- 0 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 30, 2025
- Days on market
- 546 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1698
About this property
Turnkey Duplex Portfolio – 10 Fully Leased Units in Growing Cleveland, TX
Strategically located on Truman Street and Lyle West Avenue in Cleveland, TX. Each property features a consistent, easy-to-manage layout, ideal for both new and experienced investors looking to scale in a high-demand, income-producing market.
Situated in well-established neighborhoods with convenient access to local schools, shopping, and major transportation corridors, these units cater directly to the region’s growing need for affordable, quality rental housing. Cleveland continues to experience rapid economic development and population growth, making this portfolio a smart buy for investors seeking immediate cash flow with strong potential for long-term appreciation. As infrastructure expands and the local economy diversifies, this fully leased portfolio is well-positioned to deliver reliable returns in a rising market.
Income-Producing 5-Duplex Portfolio in Cleveland, TX – Prime Investment Area
Highlights
- 5 duplex portfolio – 2 bedrooms, 1 bathroom each unit
- Turnkey investment: all units are fully leased, providing immediate rental income
- Consistent layouts: each duplex offers uniform floor plans, simplifying property management
- Strategic locations: situated in established neighborhoods with access to local amenities and transportation routes
- Growth potential: located in a region experiencing economic and population growth, enhancing long-term investment value
- Units: 5 Duplex Portfolio
- Built: 1978-1980
- 90% Occupied
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Cleveland, TXNewStabilized | $685K | $57K$57K | — |
 Cleveland, TXValue-add | $1.29M | $93K$93K | — |
 Splendora, TX▼ 19% cutValue-add | $425K | $53K$53K | — |
 Splendora, TXNew | $875K | $125K$125K | — |
| New Caney, TX New | $200K | $33K$33K | — |
 New Caney, TXStabilized | $650K | $93K$93K | — |