1 / 316-Unit Multifamily in Houston, TX
TX · listed Sep 8, 2026 (50 days)
- $/unit
- $68,750
- ▼ 31% vs TX · 21st pct
- Cap rate
- 7.4%
- ▲ 0.1 pts vs TX median
- NOI
- $81K
- $5,088/unit/yr
- Units
- 16
- 1 bldg · 1965
Financials
- Asking price
- $1,100,000
- Price per unit
- $68,750
- Price per sq ft
- $125
- Gross rent / year
- Not stated
- Net operating income
- $81,405
- NOI per unit
- $5,088
- Cap rate
- 7.4%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1965
- Building size
- 8,800 sq ft
- Avg unit size
- 550 sq ft
- Lot size
- 0.3 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 8, 2026
- Days on market
- 50 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1793
About this property
Marcus & Millichap is pleased to present Fulton Village, a 16-unit multifamily community located at (address on request)reet in Houston, Texas. The property has benefited from approximately $300,000 in recent capital improvements, including a new roof, fencing and gates, flooring, cabinetry, fixtures, appliances, plumbing lines, electrical panels, water heaters, and laundry equipment.
Fulton Village offers investors the opportunity to acquire a substantially renovated asset at an attractive per-unit basis with convenient access to I-45, Loop 610, the Hardy Toll Road, and Houston METRORail.
Multifamily | 16 Units | $68,750/unit
Highlights
- Class B Renovation Profile: Significantly improved product without the typical Class B acquisition basis.
- Operational Upside: In-place management provides stability, while self-management offers an opportunity to reduce expenses and increase NOI.
- Excellent Connectivity: Immediate access to I-45, Loop 610, Hardy Toll Road and METRORail.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXStabilized | $1.1M | $100K$100K | — |
| Houston, TX High yieldValue-add | $825K | $63K$63K | 5.7% |
| Houston, TX Stabilized | $1.75M | $88K$88K | 7% |
| Houston, TX NewOwner financingHigh yield | $1.4M | $82K$82K | 9.3% |
| Houston, TX | $675K | $96K$96K | — |
| Houston, TX Owner financingHigh yieldStabilized | $1.4M | $82K$82K | 9.3% |