1 / 411-Unit Multifamily in Houston, TX
Harris County, TX · listed May 6, 2026 (175 days)
- $/unit
- $77,273
- ▼ 23% vs TX · 29th pct
- Cap rate
- 8.6%
- ▲ 1.3 pts vs TX median
- NOI
- $73K
- $6,655/unit/yr
- Units
- 11
- 1 bldg · 1982
Financials
- Asking price
- $850,000
- Price per unit
- $77,273
- Price per sq ft
- $221
- Gross rent / year
- Not stated
- Net operating income
- $73,205
- NOI per unit
- $6,655
- Cap rate
- 8.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 11
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1982
- Building size
- 3,850 sq ft
- Avg unit size
- 350 sq ft
- Lot size
- 0.12 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- May 6, 2026
- Days on market
- 175 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1861
About this property
Marcus & Millichap is proud to present (address on request)., a small multifamily asset located in a quiet residential enclave just east of the Loop in Houston, Texas. The property offers investors a stabilized, income-producing opportunity with durable cash flow supported by participation in the Harris County Section 8 program. With consistent demand for affordable housing in the area, the asset benefits from reliable occupancy and predictable income streams.
Offered at an attractive 8.6% cap rate, the property is positioned as a yield-focused investment with minimal operational volatility. Its location provides convenient access to major employment corridors while maintaining a neighborhood feel that appeals to long-term tenants.
Multifamily | 8.61% CAP | 11 Units
Highlights
- Attractive In-Place Yield: Offered at an 8.5% cap rate, delivering strong day-one cash flow.
- Stable Section 8 Income: Backed by the Harris County Housing Authority, providing consistent and reliable rent collections.
- Quiet, Infill Location: Situated in a low-density pocket just east of the Loop, offering strong tenant demand with neighborhood appeal.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TX▼ 5% cutValue-add | $900K | $60K$60K | — |
 Houston, TX▼ 6% cutStabilized | $449K | $75K$75K | 7.3% |
 Houston, TXOwner financingHigh yieldStabilized | $1.4M | $82K$82K | 9.3% |
 Houston, TXNew | $1.25M | $139K$139K | — |
 Houston, TXHigh yieldStabilized | $750K | $75K$75K | 10% |
 Houston, TXStabilized | $750K | $94K$94K | 7.7% |