MULTIFAMILYRADAR
18-Unit Multifamily in Houston, TX, photo 11 / 2
Stabilized
$4,600,000

18-Unit Multifamily in Houston, TX

TX · listed Aug 29, 2026 (59 days)

Price per unit compared
This property$256K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
$/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.

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