MULTIFAMILYRADAR
11-Unit Multifamily in South Houston, TX, photo 1
Value-add
$895,000

11-Unit Multifamily in South Houston, TX

TX · listed Jul 22, 2026 (98 days)

Price per unit compared
This property$81K
Within ~40 mi (271)$99K
Texas median (1,196)$92K
$/unit
$81,364
▼ 12% vs TX · 41st pct
Cap rate
—
 
Gross yield
—
 
Units
11
1966

Financials

Asking price
$895,000
Price per unit
$81,364
Price per sq ft
$127
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
11
Unit mix
Not stated
Buildings
Not stated
Year built
1966
Building size
7,060 sq ft
Avg unit size
642 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 22, 2026
Days on market
98 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1473

About this property

Exceptional opportunity to acquire an extensively renovated 11-unit apartment community in the heart of South Houston. The current owner has already invested significant time and capital into major exterior renovations, roof improvements, and HVAC upgrades—allowing the next investor to step into a substantially improved, income-producing asset with limited immediate capital needs. The clearest remaining value-add opportunity is straightforward: increase current rents to market levels. The property offers stable occupancy, strong in-place income, relatively low operating expenses, dedicated parking, efficient utilities, and an attractive courtyard-style layout on a 0.33-acre corner lot. Conveniently located near Downtown Houston, Hobby Airport, SH-225, I-45, major employers, medical centers, and industrial corridors, (address on request) benefits from consistent rental demand and long-term growth potential. The hard work is complete—this turnkey asset is ready for its next investor.

Location

Approximate area. The exact address is shared on request.

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