MULTIFAMILYRADAR
12-Unit Multifamily in Spring, TX, photo 11 / 3
Stabilized
$2,500,000

12-Unit Multifamily in Spring, TX

Montgomery County, TX · listed Sep 24, 2025 (399 days)

Price per unit compared
This property$208K
Within ~40 mi (257)$94K
Texas median (1,196)$92K
$/unit
$208,333
▲ 126% vs TX · 88th pct
Cap rate
6.6%
▼ 0.8 pts vs TX median
NOI
$166K
$13,800/unit/yr
Units
12
1 bldg · 2023

Financials

Asking price
$2,500,000
Price per unit
$208,333
Price per sq ft
$180
Gross rent / year
Not stated
Net operating income
$165,603
NOI per unit
$13,800
Cap rate
6.6%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
12
Unit mix
12-unit apartment community
Buildings
1
Year built
2023
Building size
13,920 sq ft
Avg unit size
1,160 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 24, 2025
Days on market
399 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1535

About this property

This 2023 built 12 unit complex has little to no deferred maintenance. Quiet complex with plenty of parking, spacious 2/2, approx 1160 sft units with washer/dryer connections, stainless steel appliances. Very low maintenance and overhead at this small luxurious, clean, quiet complex tucked away close to shopping and quick access to major thoroughfares.

Multi-family

Highlights

Great for 1031 Exchange Opportunity! Built in 2023, this exceptional 12-unit apartment community offers a rare opportunity to own a modern, low-maintenance investment with little to no deferred maintenance. The property features spacious approximately 1,160-square-foot two-bedroom, two-bathroom units, each equipped with washer and dryer connections, stainless steel appliances, and thoughtfully designed floor plans that appeal to today's renters.

This well-maintained, luxury-style community offers a quiet setting with ample parking and low operating expenses, making it an attractive asset for investors seeking strong long-term performance. Conveniently tucked away in a peaceful location while remaining close to shopping, dining, and major thoroughfares, the property provides residents with both privacy and easy access to everyday conveniences.

Location

Approximate area. The exact address is shared on request.

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