1 / 218-Unit Multifamily in Houston, TX
TX · listed Aug 29, 2026 (59 days)
- $/unit
- $255,556
- ▲ 177% vs TX · 92nd pct
- Cap rate
- 6.7%
- ▼ 0.7 pts vs TX median
- NOI
- $307K
- $17,056/unit/yr
- Units
- 18
- 2 bldg · 2024
Financials
- Asking price
- $4,600,000
- Price per unit
- $255,556
- Price per sq ft
- $379
- Gross rent / year
- Not stated
- Net operating income
- $307,000
- NOI per unit
- $17,056
- Cap rate
- 6.7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 18
- Unit mix
- 8 Studios | 8 One-Bedroom Units | 2 Two-Bedroom Units
- Buildings
- 2
- Year built
- 2024
- Building size
- 12,147 sq ft
- Avg unit size
- 675 sq ft
- Lot size
- 10750 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 29, 2026
- Days on market
- 59 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1723
About this property
This offering presents the opportunity to acquire a newly constructed, stabilized apartment asset with an established short-term rental operating history. The property is fully furnished, operational, and positioned as a plug-and-play investment from day one.
The property is currently owner-operated, with proven systems, vendor relationships, and operating procedures already in place. Ownership can continue the existing STR model or adapt the property for corporate housing, mid-term rentals, or traditional long-term leasing as market conditions evolve.
Its location near major employment, medical, and institutional demand drivers also makes the property particularly well suited for corporate leasing and extended-stay housing. Combined with strong urban infill fundamentals and future rate and occupancy growth potential, the asset offers both current income and long-term appreciation potential.
Multifamily | 6.67% CAP | 18 Units
Highlights
- Newly Constructed
- Fully Furnished
- Established STR Operations
- Strong Occupancy
- Consistent Revenue Growth
- Prime Urban Infill Location
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TXStabilized | $850K | $121K$121K | — |
Houston, TXNew | $1.4M | $140K$140K | — |
Houston, TXNewStabilized | $2.75M | $137K$137K | 6.4% |
High yieldStabilized | $1.39M | $198K$198K | 9.6% |
Houston, TXValue-add | $1.5M | $150K$150K | — |
Houston, TXStabilized | $1.1M | $157K$157K | — |




