1 / 1018-Unit Multifamily in Baytown, TX
Harris County, TX · listed Jul 7, 2026 (113 days)
- $/unit
- $100,000
- ▼ 0% vs TX · 49th pct
- Cap rate
- 7.7%
- ▲ 0.4 pts vs TX median
- NOI
- $139K
- $7,707/unit/yr
- Units
- 18
- 4 bldg · 1972
Financials
- Asking price
- $1,800,000
- Price per unit
- $100,000
- Price per sq ft
- $99
- Gross rent / year
- Not stated
- Net operating income
- $138,722
- NOI per unit
- $7,707
- Cap rate
- 7.7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 18
- Unit mix
- 17 two-bedroom/one-bath units and one spacious three-bedroom/two-bath unit
- Buildings
- 4
- Year built
- 1972
- Building size
- 18,200 sq ft
- Avg unit size
- 1,011 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 7, 2026
- Days on market
- 113 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1482
About this property
Marcus & Millichap is pleased to present a fully stabilized multifamily asset nestled in a quiet residential pocket of Baytown, TX. The property comprises 17 two-bedroom/one-bath units and one spacious three-bedroom/two-bath unit, all recently renovated with modern countertops, stainless steel appliances, and a new roof, significantly reducing near-term capital expenditure for a new owner.
The renovations have positioned the property to achieve competitive in-place rents of $1,350 for the two-bedroom units, with select units at $1,150 presenting clear upside for a new investor to close the gap to market rents. Every unit features a private outdoor patio and in-unit washer and dryer, premium amenities that drive tenant retention and demand. Onsite covered parking provides an additional value-add opportunity through the implementation of parking fees.
This is a compelling opportunity to acquire a stabilized, income-producing asset with immediate cash flow and multiple avenues for value creation, which is ideal for a first-time investor or a seasoned buyer looking to expand their Greater Houston portfolio.
Fully Occupied with Strong In-Place Rents
Highlights
- Fully stabilized asset achieving competitive market rents through newly renovated units, with additional upside potential through implementation of covered parking fees.
- Renovated units feature modern countertops and stainless steel appliances, while recent property upgrades, including new roofs and insulation, enhance energy efficiency and long-term performance.
- Every unit features in-unit washer and dryers, a premier amenity driving strong tenant demand and retention.
- The property offers an exceptionally strong unit mix consisting of seventeen two-bedroom/one-bath units and one three-bedroom/two-bath unit, supporting broad and consistent tenant demand. Each residence also features a spacious private outdoor patio, providing valuable additional living space that enhances appeal and resident satisfaction.
Location
Approximate area. The exact address is shared on request.
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