1 / 2912-Unit Multifamily in Prairie View, TX
TX · listed Aug 2, 2026 (87 days)
- $/unit
- $279,167
- ▲ 179% vs TX · 93rd pct
- Cap rate
- —
- NOI
- $196K
- $16,308/unit/yr
- Units
- 12
- 6 bldg · 2006
Financials
- Asking price
- $3,350,000
- Price per unit
- $279,167
- Price per sq ft
- $596
- Gross rent / year
- $447,342
- Net operating income
- $195,697
- NOI per unit
- $16,308
- Cap rate
- Not stated
- Gross yield
- 13.3%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- twelve 4-bedroom,4-bath apartment homes
- Buildings
- 6
- Year built
- 2006
- Building size
- 5,624 sq ft
- Avg unit size
- 469 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 2, 2026
- Days on market
- 87 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2198
About this property
Panther Quarters is a purpose-built student housing community located just two blocks from Prairie View A&M University in Prairie View, Texas. Built in 2006, the property consists of twelve 4-bedroom,4-bath apartment homes (48 beds) across six two-story residential buildings on approximately 1.02 acres. The property utilizes a lease-by-the-bedroom operating model designed specifically for student housing, with spacious floor plans featuring private bedrooms and bathrooms, shared living areas, granite countertops, fully equipped kitchens, in-unit washers and dryers, individually controlled HVAC systems, and individually metered electricity. Residents enjoy convenient access to campus while remaining connected to the Houston metropolitan area via U.S. Highway 290. Panther Quarters has been professionally maintained and offers investors an opportunity to acquire a stabilized student housing asset serving one of Texas' premier public universities. Continued university enrollment, limited on-campus housing, and strong demand for off-campus accommodations support the property's long-term investment appeal. Additional due diligence materials, including financial information, surveys, and property documentation, are available upon request.
Location
Approximate area. The exact address is shared on request.
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