
12-Unit Multifamily in Houston, TX
TX · listed Feb 17, 2026 (253 days)
- $/unit
- $124,167
- ▲ 35% vs TX · 67th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 1940
Financials
- Asking price
- $1,490,000
- Price per unit
- $124,167
- Price per sq ft
- $324
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 80%
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- 12-unit studio apartment building
- Buildings
- Not stated
- Year built
- 1940
- Building size
- 4,592 sq ft
- Avg unit size
- 383 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 17, 2026
- Days on market
- 253 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1272
About this property
Rare investment opportunity in the heart of desirable Montrose! A fully upgraded 12-unit studio apartment building located at (address on request)reet, nestled in one of Houston’s most vibrant and walkable neighborhoods. This classic Montrose property features modern finishes throughout, strong rental demand, and an 80% occupancy rate, providing immediate cash flow with upside potential. Each unit has been thoughtfully remodeled with contemporary touches new stainless steel appliances, modern vinyl plank flooring, efficient A/C systems, and quality fixtures — making them highly appealing to today’s renters. The gated building offers secure access and is just steps from some of Montrose’s best dining, nightlife, boutiques, art galleries, and transit options. This turnkey asset is ideal for investors seeking stable occupancy, value-add potential, and ownership in a premier inner-loop neighborhood.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TX▼ 2% cutVacant | $829K | $138K$138K | — |
Value-add | $1.6M | $133K$133K | — |
Houston, TXNewStabilized | $1.5M | $249K$249K | 6.8%gy |
Houston, TXNew | $1.4M | $140K$140K | — |
Value-add | $2.6M | $173K$173K | 5.7% |
Houston, TX▼ 8% cut | $1.15M | $192K$192K | — |



