1 / 1215-Unit Multifamily in Houston, TX
Harris County, TX · listed Feb 17, 2026 (253 days)
- $/unit
- $59,667
- ▼ 40% vs TX · 14th pct
- Cap rate
- 8.9%
- ▲ 1.6 pts vs TX median
- NOI
- $80K
- $5,303/unit/yr
- Units
- 15
- 1 bldg · 1930
Financials
- Asking price
- $895,000
- Price per unit
- $59,667
- Price per sq ft
- $242
- Gross rent / year
- Not stated
- Net operating income
- $79,550
- NOI per unit
- $5,303
- Cap rate
- 8.9%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 15
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1930
- Building size
- 3,699 sq ft
- Avg unit size
- 247 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 17, 2026
- Days on market
- 253 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1566
About this property
Prime investment opportunity in the heart of Midtown Houston. (address on request). is a 3,699 SF communal housing property situated on a 5,000 SF lot, offering 15 fully leased units with 100% occupancy and consistently low turnover. The property has undergone significant recent capital improvements, including a new roof, Hardy Plank siding, new windows, and updated flooring in common areas—providing a strong foundation for continued performance. With an annual NOI of $79,550 and clear upside in rents, this asset presents a stabilized income stream in one of Houston’s most desirable urban submarkets.
Multifamily | 15 Unit Communal Housing Property in Midtown
Highlights
- 3,699 SF Communal Housing (15 Units)
- 5,000 SF Lot
- Prime Midtown Location
- 100% Occupancy with Low Turnover
- Upside in Rents
- Major Recent Building Renovations (New Roof, New Hardy Plank, New Flooring in Common Areas, New Windows)
- Annual NOI: $79,550
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Houston, TXStabilized | $1.88M | $235K$235K | 5.4% |
 Houston, TXHigh yieldStabilized | $850K | $57K$57K | 5.8% |
 Houston, TXValue-add | $498K | $71K$71K | — |
 Houston, TX | $1.09M | $219K$219K | — |
 Houston, TXNewStabilized | $2.75M | $137K$137K | 6.4% |
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