MULTIFAMILYRADAR
12-Unit Multifamily in Houston, TX, photo 1
Value-add
$1,490,000

12-Unit Multifamily in Houston, TX

TX · listed Feb 17, 2026 (253 days)

Price per unit compared
This property$124K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
$/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.

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