1 / 916-Unit Multifamily in Houston, TX
Harris County, TX · listed Jan 21, 2025 (644 days)
- $/unit
- $30,312
- ▼ 70% vs TX · 1st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 16
- 1 bldg · 1975
Financials
- Asking price
- $485,000
- Price per unit
- $30,312
- Price per sq ft
- $109
- 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
- 16
- Unit mix
- 16 studio units
- Buildings
- 1
- Year built
- 1975
- Building size
- 4,447 sq ft
- Avg unit size
- 278 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 21, 2025
- Days on market
- 644 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1373
About this property
Welcome to (address on request)reet #16, Houston, TX 77028—a prime investment opportunity in the heart of Houston. This 4,447 square foot property, situated on a 14,760 square foot lot, features 16 units, offering significant income potential.
Built in 1975, this multifamily/motel property includes a community laundry facility and office space, with the option to convert these areas into additional units to maximize revenue.
Don't miss out on this exceptional investment opportunity to expand your real estate portfolio with a property that offers both stability and growth potential.
Investor Special: 16-Unit Multifamily
Highlights
- - 4,447 SF building
- - 16 units
- - Built in 1975
- - Prime Houston location
- - Spacious floor plans
- - Ample parking
- - Professional management
- - Proximity to amenities
- - Desirable investment opportunity
- - Potential for value-add improvements
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXHigh yieldValue-add | $1.1M | $92K$92K | 8.5% |
 Houston, TXStabilized | $1.1M | $92K$92K | — |
 Houston, TXHigh yieldStabilized | $969K | $65K$65K | 8.5% |
 Houston, TXValue-add | $1.2M | $80K$80K | — |
 Houston, TXStabilized | $700K | $140K$140K | — |
 Houston, TXNewHigh yieldStabilized | $2.13M | $355K$355K | 8.3% |