MULTIFAMILYRADAR
15-Unit Multifamily in Hempstead, TX, photo 1
$1,985,000

15-Unit Multifamily in Hempstead, TX

TX · listed Jul 1, 2026 (119 days)

Price per unit compared
This property$132K
Within ~40 mi (158)$116K
Texas median (1,196)$92K
$/unit
$132,333
▲ 44% vs TX · 70th pct
Cap rate
—
 
Gross yield
—
 
Units
15
2007

Financials

Asking price
$1,985,000
Price per unit
$132,333
Price per sq ft
$145
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
15
Unit mix
3 single family, 2 duplex's, 1 triplex, 1 5 unit apartment building under construction
Buildings
Not stated
Year built
2007
Building size
13,725 sq ft
Avg unit size
915 sq ft
Lot size
Not stated
Condition
Not stated

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 1, 2026
Days on market
119 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1938

About this property

Welcome to Meadow view Estates! This incredible investment opportunity features 15 rental units sitting on approximately 3.25 acres in the heart of Hempstead. Come enjoy peace and quiet in this private community while only being a short commute from Cypress, Tomball, College Station & so much more! Great opportunity to run your commercial business out of the double garage/shop's while the single family & multi family units create passive income for you and your business! The owner took extreme pride in building these units & it shows. Clean paved driveways & parking spaces for each and every unit. Secure access via the remote control gate. 10 mature Oak trees scattered throughout the property. This property truly is one-of-a-kind. ALL completed units currently have tenants in place allowing for you to cash flow starting from day 1! 3 single family, 2 duplex's, 1 triplex, 1 5 unit apartment building under construction.

Location

Approximate area. The exact address is shared on request.

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