1 / 1015-Unit Multifamily in Houston, TX
TX · listed Jul 27, 2025 (458 days)
- $/unit
- $80,000
- ▼ 20% vs TX · 31st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 15
- 1960
Financials
- Asking price
- $1,200,000
- Price per unit
- $80,000
- Price per sq ft
- $141
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 15
- Unit mix
- 10 studio apartments along with 1-bedroom and 2-bedroom layouts
- Buildings
- Not stated
- Year built
- 1960
- Building size
- 8,490 sq ft
- Avg unit size
- 566 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 27, 2025
- Days on market
- 458 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1468
About this property
Excellent value-add investment opportunity in a developing pocket of Northeast Houston. This 15-unit property features 10 studio apartments along with 1-bedroom and 2-bedroom layouts, situated on an expansive 19,274 square foot lot. The property is fully occupied on stable short-term and month-to-month leases, providing immediate cash flow on day one. Strong upside potential through targeted renovations to align with rising neighborhood rents, or full redevelopment leveraging the large lot footprint. New construction is active in the immediate surrounding area. Tenant occupied—please do not disturb occupants.
Location
Approximate area. The exact address is shared on request.
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