16-Unit Multifamily in Houston, TX
TX · listed Jul 2, 2025 (483 days)
▼ Reduced 6.6% on Sep 28, 2026, was $845,000
- $/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.
Similar buildings nearby
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|---|---|---|---|
Houston, TXNewStabilized | $1.8M | $180K$180K | — |
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High yieldValue-add | $850K | $77K$77K | 14.9%gy |
High yieldValue-add | $425K | $53K$53K | 12.6% |
Houston, TXNewStabilized | $1.2M | $120K$120K | — |



