1 / 210-Unit Multifamily in Houston, TX
TX · listed Sep 1, 2026 (57 days)
- $/unit
- $99,990
- ▲ 9% vs TX · 55th pct
- Cap rate
- —
- NOI
- $76K
- $7,560/unit/yr
- Units
- 10
- 1973
Financials
- Asking price
- $999,900
- Price per unit
- $99,990
- Price per sq ft
- $130
- Gross rent / year
- $122,800
- Net operating income
- $75,600
- NOI per unit
- $7,560
- Cap rate
- Not stated
- Gross yield
- 12.3%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1973
- Building size
- 7,680 sq ft
- Avg unit size
- 768 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 1, 2026
- Days on market
- 57 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1167
About this property
Opportunity to acquire a recently stabilized, fully occupied 10-unit multifamily property offering immediate in-place cash flow and an established operating history. Following its recent stabilization, the property is generating approximately $122,800 in annualized rental income and approximately $75,600 in annualized NOl, based on January through July 2026 operations. Investment Highlights: Utility reimbursement upside: Ownership currently absorbs certain utility costs, including water, creating an opportunity for a new owner to implement a Ratio Utility Billing System (RUBS). 100% occupied.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXStabilized | $550K | $110K$110K | — |
 Houston, TXValue-add | $750K | $94K$94K | — |
 Houston, TXHigh yieldValue-add | $300K | $17K$17K | 75.6%gy |
 Houston, TXNewStabilized | $1.2M | $120K$120K | — |
 Houston, TXHigh yieldValue-add | $850K | $77K$77K | 14.9%gy |
 Houston, TX | $475K | $68K$68K | — |