14-Unit Multifamily in Houston, TX
TX · listed Sep 8, 2026 (50 days)
- $/unit
- $299,900
- ▲ 225% vs TX · 95th pct
- Cap rate
- —
- NOI
- $244K
- $17,402/unit/yr
- Units
- 14
Financials
- Asking price
- $4,198,600
- Price per unit
- $299,900
- Price per sq ft
- Not stated
- Gross rent / year
- $378,000
- Net operating income
- $243,630
- NOI per unit
- $17,402
- Cap rate
- Not stated
- Gross yield
- 9%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 14
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 8, 2026
- Days on market
- 50 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1660
About this property
🚨 **VALUE-ADD 14-UNIT TOWNHOME PACKAGE | HOUSTON, TX | PRE-FORECLOSURE** 🚨
**Serious investors, multifamily buyers, and portfolio buyers — I have an off-market opportunity with significant upside.** Houston, TX 77091
🏘️ **14 Townhome Units** 💰 **Asking: $4,198,600 ($299,900/unit)** 🏷️ Approx. appraised value: **$340,000 per unit** 📉 Current asking price is approximately **11.8% below the stated appraised value** 🤝 **PRICE IS NEGOTIABLE — SELLER IS OPEN TO OFFERS** ⚡ **Property is currently in pre-foreclosure, creating a time-sensitive opportunity** 📈 THE VALUE-ADD OPPORTUNITY:
🔥 **Only 2 of the 14 units are currently occupied**
The major upside is in **leasing up the remaining 12 vacant units**.
Projected rent at stabilization: 💵 **$2,250/month per unit** 💵 **$31,500/month potential gross rent at full occupancy** 💵 **$378,000/year potential gross rental income**
Based on the provided projected operating expenses, the property could potentially generate approximately **$243,630/year in NOI once stabilized**, subject to buyer verification.
This could be an opportunity for the right investor to acquire a **14-unit portfolio below the stated appraised value**, lease up the vacant units, increase occupancy, and create additional value through stabilization.
💰 **Cash offers preferred** 🏦 **DSCR/investment financing may be possible depending on lender and borrower/property qualifications** ⚡ Seller is motivated and looking for a buyer who can move quickly 🤝 **All reasonable offers will be considered**
📩 **DM me for the financials and additional property information. Serious buyers only.**
*All financials, rents, expenses, valuation, occupancy, and projected returns are based on information provided and should be independently verified by buyer. Financing is subject to lender approval.*
My recommendation
Location
Somewhere in Houston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Houston, TX NewOwner financingValue-add | $1.55M | $65K$65K | 8%gy |
| Houston, TX | $3.4M | $117K$117K | 5.7% |
| Houston, TX | $475K | $68K$68K | — |
| Houston, TX Owner financingHigh yieldStabilized | $1.4M | $82K$82K | 9.3% |
| Houston, TX Stabilized | $700K | $100K$100K | — |
| Houston, TX Owner financingStabilized | $2.85M | $110K$110K | — |