
12-Unit Multifamily in Cleveland, TX
TX · listed Oct 23, 2026 (5 days)
- $/unit
- $57,083
- ▼ 38% vs TX · 19th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 1996
Financials
- Asking price
- $685,000
- Price per unit
- $57,083
- Price per sq ft
- $549
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- 3/2 1248 SF manufactured home, 2/1 1365 SF home and a 600 SF workshop
- Buildings
- Not stated
- Year built
- 1996
- Building size
- 1,248 sq ft
- Avg unit size
- 104 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 23, 2026
- Days on market
- 5 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1726
About this property
100% occupied income producing property! 12.8 Acres of unrestricted property which includes a 3/2 1248 SF manufactured home, 2/1 1365 SF home and a 600 SF workshop that has partial concrete, electrical and water! 13 mobile home spots that are owner occupied - they are just leasing the spaces. Unlimited potential on what you can do with the remaining property which is fully wooded. Ideas include adding additional spaces for more mobile homes, RVs or tiny homes. You could also build your dream home in the back as there is plenty of private wooded space! Property is conveniently located just off Hwy 105 E and minutes from downtown Cleveland as well as the Bypass putting you on IH 69. One of the tenants manages the property and it is meticulously maintained! Property has 1 well and 4 septic systems. If you are looking to start your investment portfolio or add to it, this is a great opportunity for you to do so! Overhead expenses are VERY LOW. This property will be profitable from day 1.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Stabilized | $1.2M | $120K$120K | 7% |
Cleveland, TXValue-add | $1.29M | $93K$93K | — |
Splendora, TXNew | $875K | $125K$125K | — |
▼ 19% cutValue-add | $425K | $53K$53K | — |
| New Caney, TX New | $200K | $33K$33K | — |
Stabilized | $650K | $93K$93K | — |

