MULTIFAMILYRADAR
12-Unit Multifamily in Houston, TX, photo 11 / 25
High yieldValue-add
$1,099,000

12-Unit Multifamily in Houston, TX

Harris County, TX · listed Jul 17, 2026 (102 days)

Price per unit compared
This property$92K
Within ~40 mi (269)$100K
Texas median (1,029)$100K
$/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.

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