1 / 310-Unit Multifamily in Houston, TX
Harris County, TX · listed Feb 19, 2026 (251 days)
- $/unit
- $80,000
- ▼ 13% vs TX · 39th pct
- Cap rate
- 10%
- ▲ 2.6 pts vs TX median
- Gross yield
- —
- Units
- 10
- 5 bldg · 1940
Financials
- Asking price
- $800,000
- Price per unit
- $80,000
- Price per sq ft
- $163
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 10%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- 5 duplexes (10 total units)
- Buildings
- 5
- Year built
- 1940
- Building size
- 4,900 sq ft
- Avg unit size
- 490 sq ft
- Lot size
- 0.61 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 19, 2026
- Days on market
- 251 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1271
About this property
Prime investment property in Houston’s 5th Ward Opportunity Zone. This income-producing property spans 11 total lots and features 5 duplexes (10 total units), all currently leased, delivering immediate cash flow from day one. Positioned on a corner at the end of a dead-end street, the site offers limited through traffic while still providing access from two separate streets—an ideal setup for tenants and future development.
The property backs to industrial and rail, supporting steady rental demand in a strong working corridor. Located within an Opportunity Zone, this asset presents potential tax advantages and long-term upside.
In addition to the existing duplexes, there are two tear-down structures and room to build up to 4 additional duplexes (8 more units). At the current pricing, the property is operating at an 8%+ cap rate with all units leased—offering strong in-place returns with clear expansion potential in one of Houston’s rapidly growing submarkets.
Multifamily | 10 Units | Located Inside the Opportunity Zone
Highlights
- 5 Efficiency Duplex Buildings (10) Units with Room for 4 More Buildings (8 units)
- Inside 5th Ward Opportunity Zone Providing Possible Tax Benefits to Investors
- Backs to Industrial and Railroad
- Corner Lot at on Dead End Street
- Prime, Central Location to Houston and Major Road Ways
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXValue-add | $590K | $98K$98K | — |
 Houston, TXNewStabilized | $1.2M | $120K$120K | — |
 Houston, TXHigh yieldValue-add | $850K | $77K$77K | 14.9%gy |
 Houston, TXNewStabilized | $1.8M | $180K$180K | — |
 Houston, TXHigh yieldValue-add | $425K | $53K$53K | 12.6% |
 Houston, TXHigh yieldStabilized | $1M | $100K$100K | 12.3%gy |