17-Unit Multifamily in Houston, TX
TX · listed Oct 25, 2026 (2 days)
- $/unit
- $82,353
- ▼ 11% vs TX · 42nd pct
- Cap rate
- 9.3%
- ▲ 1.9 pts vs TX median
- NOI
- $130K
- $7,628/unit/yr
- Units
- 17
Financials
- Asking price
- $1,400,000
- Price per unit
- $82,353
- Price per sq ft
- Not stated
- Gross rent / year
- $227,664avg rent × units
- Net operating income
- $129,671
- NOI per unit
- $7,628
- Cap rate
- 9.3%
- Gross yield
- 16.3%gross rent ÷ price
- Occupancy
- 95%
As stated by the seller. Verify during due diligence.
Building
- Units
- 17
- Unit mix
- Section 8 studios and 1-bedroom units
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 25, 2026
- Days on market
- 2 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1103
About this property
**Off-Market 17-Unit Multifamily | Houston, TX | Seller Financing Available**
**Asking: $1,400,000 ($82K/unit)**
**Property Details:** * 17 units across 2 single-story buildings * Section 8 studios and 1-bedroom units * 95% occupied * Built in 1981, Class C * 5,500 rentable SF * Stabilized property
**Financials:** * Actual Cap Rate: 9.26% * T-12 NOI: $129,671 * Average In-Place Rent: ~$1,116/unit
**Seller Financing:** * Approx. 15% down ($210K) * 85% seller financing * Blended interest rate: ~6% * Wrap loan: $872,743 at 6.15% (20-year amortization) * Seller-carried second: $317,257 at 5.5% (30-year amortization)
Section 8 rental income with existing cash flow and a seller-financing structure that reduces the upfront capital needed.
For more details, email **[](mailto:)**.
Location
Somewhere in Houston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Houston, TX Owner financingHigh yieldStabilized | $510K | $102K$102K | 8.1% |
| Houston, TX Owner financing | $3.5M | $88K$88K | — |
| Houston, TX | $3.4M | $117K$117K | 5.7% |
| Houston, TX NewStabilized | $600K | $120K$120K | 7% |
| Houston, TX NewOwner financingValue-add | $875K | $109K$109K | — |
| Houston, TX High yieldValue-add | $825K | $63K$63K | 5.7% |