Value-add
$1,600,000
12-Unit Multifamily in Houston, TX
Harris County, TX · listed Aug 31, 2026 (58 days)
Price per unit compared
This property$133K
Within ~40 mi (283)$98K
Texas median (1,196)$92K
- $/unit
- $133,333
- ▲ 45% vs TX · 71st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 1 bldg · 1950
Financials
- Asking price
- $1,600,000
- Price per unit
- $133,333
- Price per sq ft
- $158
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- 6 units 2 bed 1 bath and 6 - 1 bed 1 bath
- Buildings
- 1
- Year built
- 1950
- Building size
- 10,114 sq ft
- Avg unit size
- 843 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 31, 2026
- Days on market
- 58 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1757
About this property
Super opportunity to own a 12 unit MF rental property in Montrose built 1950. Located in walking distance of Westheimer shops and restaurants, St Thomas U, convenient to downtown, Rice U and the medical center. Currently stripped to the studs and has permits and approved drawings in place and ready to rebuild. 6 units 2 bed 1 bath and 6 - 1 bed 1 bath. Property is being sold as is.
12 Unit Multifamily in the heart of Montrose
Location
Approximate area. The exact address is shared on request.
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