1 / 1115-Unit Multifamily in Houston, TX
Harris County, TX · listed Feb 15, 2026 (255 days)
▼ Reduced 5.3% on Oct 28, 2026, was $949,900
- $/unit
- $59,993
- ▼ 40% vs TX · 15th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 15
- 1 bldg · 1920
Financials
- Asking price
- $899,900
- Price per unit
- $59,993
- Price per sq ft
- $78
- 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
- 11 of the 15 units are 1-bedrooms
- Buildings
- 1
- Year built
- 1920
- Building size
- 11,610 sq ft
- Avg unit size
- 774 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 15, 2026
- Days on market
- 255 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 28, 2026: $950K → $900K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1538
About this property
(address on request) is a 15-unit multifamily property offered fully vacant, providing a clean value-add opportunity in Houston’s Denver Harbor area. The property requires renovation and is ideal for an investor looking to execute a straightforward rehab and lease-up.
With no existing tenants, a new owner can renovate and lease units at current market rents without dealing with legacy leases or phased turnover. This allows for a faster path to stabilization and full operational control from day one.
The unit mix is primarily 1-bedroom units, supporting consistent leasing demand and a repeatable renovation strategy.
This is a simple, execution-driven deal: renovate, lease, and stabilize at market rents.
15 unit - value add - multi-family
Highlights
Fully Vacant – Start Fresh from Day One
All units are delivered vacant, giving a new owner full control to renovate and lease without dealing with existing tenants or below-market leases.
Opportunity to Reset Rents to Market
Once renovated, units can be leased at current market rents (~$850 for 1BR and ~$1,050 for 2BR), rather than working through legacy rents over time.
Straightforward Value-Add Play
The property needs rehab, but the path is simple: renovate, lease, stabilize. No complicated repositioning or mixed-use challenges.
Strong Unit Mix for Leasing
11 of the 15 units are 1-bedrooms, which tend to lease quickly in this area and make the renovation and leasing process more repeatable.
Location
Approximate area. The exact address is shared on request.
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 Houston, TXNew | $1.25M | $139K$139K | — |
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