MULTIFAMILYRADAR
12-Unit Multifamily in Houston, TX, photo 1
Value-add
$475,000

12-Unit Multifamily in Houston, TX

TX · listed Sep 25, 2026 (33 days)

Price per unit compared
This property$40K
Within ~40 mi (273)$99K
Texas median (1,196)$92K
$/unit
$39,583
▼ 57% vs TX · 9th pct
Cap rate
—
 
Gross yield
—
 
Units
12
1950

Financials

Asking price
$475,000
Price per unit
$39,583
Price per sq ft
$122
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
70%

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
Not stated
Buildings
Not stated
Year built
1950
Building size
3,906 sq ft
Avg unit size
326 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 25, 2026
Days on market
33 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
2155

About this property

Three Cute Apartment Cottage Buildings housing three refurbished Duplexes (6 Units). Opportunities like these won't last.. Nestled in a quiet Medical South neighborhood with happy tenants, this amazing opportunity awaits the smart investor. These 70% occupied buildings are located in an opportunity zone on a 12 square foot lot. There is plenty of yard space and the units are updated. With, though tight but adequate tenant parking, this opportunity is a must see. The area is growing in value with new development. The return on investment is great. Hurry, deals like these don't last. Only Unit 4718 B and 4720 B can be seen. Do not disturb tenants in other units.

Location

Approximate area. The exact address is shared on request.

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