1 / 2512-Unit Multifamily in Houston, TX
Harris County, TX · listed Jul 17, 2026 (102 days)
- $/unit
- $91,583
- ▼ 8% vs TX · 43rd pct
- Cap rate
- 8.5%
- ▲ 1.2 pts vs TX median
- NOI
- $94K
- $7,816/unit/yr
- Units
- 12
- 3 bldg · 1965
Financials
- Asking price
- $1,099,000
- Price per unit
- $91,583
- Price per sq ft
- $158
- Gross rent / year
- Not stated
- Net operating income
- $93,793
- NOI per unit
- $7,816
- Cap rate
- 8.5%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 1965
- Building size
- 6,964 sq ft
- Avg unit size
- 580 sq ft
- Lot size
- 43560 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 17, 2026
- Days on market
- 102 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1581
About this property
Property Highlights
- Existing 12-unit gated multifamily community with current rental income.
- Approximately one-acre site with half an acre available for future development.
- Potential to build 14 to 21 additional multifamily units (subject to municipal approvals).
- Existing infrastructure helps streamline future expansion.
- Excellent location near schools, employment centers, shopping, and major transportation corridors.
- Exceptional opportunity to increase cash flow, boost property value, and maximize return on investment.
Whether you're an investor seeking stable income, a developer looking for your next value-add project, or both, (address on request) offers the rare combination of immediate revenue and significant future growth potential.
Prime Multifamily Investment & Development Opportunity
Highlights
(address on request) presents a rare opportunity to acquire an income-producing multifamily asset with exceptional upside. This gated community sits on one acre, including a valuable half-acre parcel at the rear that is ready for future development.
This unique property offers investors the opportunity to build an additional 14 to 21 multifamily units, substantially increasing rental income, cash flow, and long-term asset value. With existing infrastructure already in place, this is an ideal value-add investment for developers and multifamily investors seeking immediate and future returns.
Investment Highlights
Income-Producing Asset: Existing 12-unit multifamily community generating current rental income.
High-Density Expansion Opportunity: Approximately half an acre of vacant land in the rear with the potential to develop 14 to 21 additional units (subject to municipal approvals).
Turnkey Infrastructure: Existing gated entrance, fencing, utilities, parking, and established community reduce development costs and timelines.
Strong Rental Location: Conveniently located near San Jacinto College, major employment centers, and easy access to Houston's primary highways.
Significant Value-Add Potential: Expand the property to increase gross rental income, improve economies of scale, and substantially enhance the property's market value and return on investment.
Rare Development Footprint: Opportunities to acquire an existing stabilized multifamily property with significant expansion potential are increasingly difficult to find in today's market.
Whether you are looking to expand your multifamily portfolio, execute a phased development strategy, or maximize long-term appreciation, (address on request) offers the ideal combination of current cash flow and future development potential.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TXStabilized | $1.1M | $92K$92K | — |
Houston, TXNewHigh yieldStabilized | $2.13M | $355K$355K | 8.3% |
Houston, TXValue-add | $1.2M | $80K$80K | — |
Houston, TXValue-add | $485K | $30K$30K | — |
Houston, TXHigh yieldStabilized | $969K | $65K$65K | 8.5% |
Houston, TXStabilized | $700K | $140K$140K | — |





