
11-Unit Multifamily in South Houston, TX
TX · listed Jul 22, 2026 (98 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| $700K | $70K$70K | — | |
Stabilized | $550K | $69K$69K | — |
| South Houston, TX NewHigh yieldStabilized | $1.05M | $55K$55K | 10% |
| South Houston, TX High yieldStabilized | $1.2M | $63K$63K | 10% |
Houston, TXValue-add | $925K | $71K$71K | — |
Stabilized | $1.4M | $100K$100K | 6.4% |
