MULTIFAMILYRADAR
12-Unit Multifamily in Prairie View, TX, photo 11 / 29
High yieldStabilized
$3,350,000

12-Unit Multifamily in Prairie View, TX

TX · listed Aug 2, 2026 (87 days)

Price per unit compared
This property$279K
Within ~40 mi (185)$110K
Texas median (1,029)$100K
$/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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