MULTIFAMILYRADAR
16-Unit Multifamily in Houston, TX, photo 11 / 2
▼ 7% cutHigh yieldValue-add
$789,000

16-Unit Multifamily in Houston, TX

TX · listed Jul 2, 2025 (483 days)

▼ Reduced 6.6% on Sep 28, 2026, was $845,000

Price per unit compared
This property$49K
Within ~40 mi (292)$96K
Texas median (1,196)$92K
$/unit
$49,312
▼ 46% vs TX · 12th pct
Cap rate
9.6%
▲ 2.2 pts vs TX median
NOI
$76K
$4,745/unit/yr
Units
16
1 bldg · 1955

Financials

Asking price
$789,000
Price per unit
$49,312
Price per sq ft
$93
Gross rent / year
Not stated
Net operating income
$75,921
NOI per unit
$4,745
Cap rate
9.6%
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
16
Unit mix
6 studios and 10 (1) bedroom, (1) baths
Buildings
1
Year built
1955
Building size
8,500 sq ft
Avg unit size
531 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Jul 2, 2025
Days on market
483 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Sep 28, 2026: $845K → $789K
Location
Approximate (~0.5 mi)
Listing #
1332

About this property

MAZ Real Estate is pleased to exclusivley offer the opportunity to acquire (address on request) in Houston, TX. This deal consists of 1 building with 6 studios and 10 (1) bedroom, (1) baths.

Located just 10 minutes northeast of Downtown Houston, this property offers prime access within a rapidly transforming urban corridor.

Positioned just off the major thoroughfare of US-59/I-69, which sees over 200,000 vehicles per day, the site benefits from high visibility and connectivity. The property sits within a growing commercial and residential zone, just minutes from Hardy Yards, Fifth Ward redevelopment, and the Houston Farmers Market. Surrounded by new construction homes, local retail, and community-focused redevelopment projects, this location is ideally suited for investors or users looking to capitalize on Houston's inner-loop momentum.

Houston 16 Units | Multifamily

Highlights

Implement RUBs: Currently, all utilities are paid by the owner. Introducing a RUBS would shift utility costs to tenants, improving net operating income and reducing owner expense exposure.

Increase Rents to Market: Opportunity to increase rents to $950, and apply for section 8, to increase further.

Exterior Enhancement: Opportunity exists for exterior improvements to further boost curb appeal and tenant retention.

Location

Approximate area. The exact address is shared on request.

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