This property is no longer available. Similar buildings are listed below.
High yieldValue-add
$1,149,900
15-Unit Multifamily in Houston, TX
Harris County, TX · listed Nov 17, 2025 (344 days)
Price per unit compared
This property$77K
Within ~40 mi (253)$102K
Texas median (1,029)$100K
- $/unit
- $76,660
- ▼ 23% vs TX · 29th pct
- Cap rate
- 8.6%
- ▲ 1.3 pts vs TX median
- Gross yield
- —
- Units
- 15
- 2 bldg
Financials
- Asking price
- $1,149,900
- Price per unit
- $76,660
- Price per sq ft
- $123
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 8.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 15
- Unit mix
- 4 one bedroom units and 11 two bedroom units
- Buildings
- 2
- Year built
- Not stated
- Building size
- 9,358 sq ft
- Avg unit size
- 624 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Nov 17, 2025
- Days on market
- 344 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2125
About this property
This is a great chance to pick up a 15 unit apartment complex in the growing South Union area. The property offers a mix of 4 one bedroom units and 11 two bedroom units. The property is currently 66 percent occupied, providing immediate upside for an investor focused on increasing occupancy and stabilizing income. Listing may incorporate floorplan and virtual furnishings to help visualize its potential. Property is being sold in “as-is condition”, dimensions and information are approximate and buyer/representation responsibility to verify.
Multifamily | 15 Units | $76,660/unit
Highlights
- Offered below stabilized value with approximately $400,000 in projected upside through lease up and operational improvements.
- Value add opportunity with vacant units ready for renovation and leasing.
- Renovated units establish a proven finish standard, reducing renovation risk and supporting future rent growth.
- Opportunity to increase occupancy, improve NOI, and create long term value through targeted asset management.
- Well maintained single story, 15 unit courtyard community with on site parking.
- Strong demand supported by proximity to the Texas Medical Center, Downtown Houston, NRG Stadium, and major employment corridors.
- Excellent access to Highway 288, Loop 610, and Interstate 45, providing connectivity throughout Houston.
- Houston continues to benefit from population growth, job creation, and favorable housing affordability, supporting long term rental demand.
- Ideal opportunity for investors seeking a manageable multifamily asset with operational upside rather than a major redevelopment project.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXStabilized | $699K | $117K$117K | — |
 Houston, TX | $550K | $69K$69K | — |
 Houston, TX▼ 17% cutHigh yieldValue-add | $685K | $57K$57K | 13.9% |
 Houston, TXStabilized | $570K | $95K$95K | — |
 Houston, TXStabilized | $2.1M | $140K$140K | — |
 Houston, TXHigh yieldValue-add | $2.9M | $116K$116K | 12.1%gy |