NewOwner financingStabilized
$3,000,000
18-Unit Multifamily in Houston, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$167K
Within ~40 mi (274)$98K
Texas median (1,196)$92K
- $/unit
- $166,667
- ▲ 81% vs TX · 82nd pct
- Cap rate
- 5.3%
- ▼ 2.1 pts vs TX median
- NOI
- $156K
- $8,665/unit/yr
- Units
- 18
- 1970
Financials
- Asking price
- $3,000,000
- Price per unit
- $166,667
- Price per sq ft
- $198
- Gross rent / year
- Not stated
- Net operating income
- $155,963
- NOI per unit
- $8,665
- Cap rate
- 5.3%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 18
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1970
- Building size
- 15,120 sq ft
- Avg unit size
- 840 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1469
About this property
Highlights
- Frame up remodel started 2020 and finished in 2022
- Central HVAC, Quarts Counters, Tile Backsplash, LVT Flooring, Shaker cabinets, Stainless steel appliances and fixtures
- Easy access to 610 Loop, I-45, Hobby Airport and Downtown
- Gated community, on-site maintenance personnel, Laundry room
- Will consider Owner Financing with 40% down and interest only financing.
- 100% Occupied
- Property Flyers
- _Sloan Garden - Investor Presentation 2026.pdf (1) (1)
- Financial Summary (Actual)
- Net Operating Income: $155,963 USD (2023)
- Cap Rate:
- 5.26 %
- Total Expenses:
- $116,017 USD
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXStabilized | $1.25M | $156K$156K | 6.3% |
 Houston, TX▼ 3% cutValue-add | $600K | $67K$67K | — |
 Houston, TXHigh yieldValue-add | $2M | $91K$91K | 7.3% |
 Houston, TX | $1.75M | $88K$88K | 7% |
 Houston, TXHigh yieldValue-add | $1.65M | $103K$103K | 7.3% |
 Houston, TXNewValue-add | $1.3M | $62K$62K | — |