1 / 417-Unit Multifamily in Houston, TX
TX · listed Jul 6, 2026 (114 days)
- $/unit
- $82,353
- ▼ 18% vs TX · 34th pct
- Cap rate
- 9.3%
- ▲ 1.9 pts vs TX median
- NOI
- $130K
- $7,628/unit/yr
- Units
- 17
- 2 bldg · 1981
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
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 17
- Unit mix
- Section 8 studio units
- Buildings
- 2
- Year built
- 1981
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 0.12 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Jul 6, 2026
- Days on market
- 114 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1298
About this property
Marcus & Millichap is proud to present the opportunity to acquire a 17-unit multifamily portfolio located at (address on request) and (address on request)reet in Houston's East Side, inside the 610 Loop. Consisting of Section 8 studio units, the portfolio is positioned within a quiet, supply-constrained neighborhood benefiting from limited competing inventory, relatively low crime, and stable tenant demand. The Property generates average in-place rents of approximately $1,116 per leased unit, providing durable cash flow supported by the Housing Choice Voucher Program.
The defining feature of this offering is its highly attractive creative financing structure. Qualified buyers can capitalize on approximately 85% seller-financed loan-to-value with a blended interest rate of approximately 6%, significantly reducing upfront equity requirements while enhancing leveraged cash flow. Combined with stabilized operations and dependable Section 8 income, this financing creates a rare opportunity for investors to acquire a durable income stream with favorable debt terms, positioning the asset for long-term wealth creation through amortization, principal paydown, and appreciation.
Multifamily | 9.26% CAP (Actuals) | 17 Units
Highlights
- 85% Seller Financing - Approx. 85% seller-financed LTV with a blended ~6% interest rate minimizes equity requirements and enhances leveraged returns.
- Stable Section 8 Income - Average leased rents of $1,116/unit supported by Section 8 provide durable cash flow with reduced collection risk.
- Supply-Constrained Infill Location - Inside Houston's 610 Loop in a quiet East Side pocket with limited competing inventory, supporting long-term occupancy and value.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TX▼ 6% cutStabilized | $449K | $75K$75K | 7.3% |
 Houston, TXOwner financingHigh yieldStabilized | $850K | $77K$77K | 8.6% |
 Houston, TX▼ 5% cutValue-add | $900K | $60K$60K | — |
 Houston, TXNew | $1.25M | $139K$139K | — |
 Houston, TXStabilized | $750K | $94K$94K | 7.7% |
 Houston, TXStabilized | $800K | $160K$160K | — |