1 / 2▼ 6% cutValue-add
$1,550,000
20-Unit Multifamily in Alvin, TX
Brazoria County, TX · listed Sep 15, 2026 (43 days)
▼ Reduced 6.1% on Oct 12, 2026, was $1,650,000
Price per unit compared
This property$78K
Within ~40 mi (242)$100K
Texas median (1,029)$100K
- $/unit
- $77,500
- ▼ 22% vs TX · 29th pct
- Cap rate
- 6.4%
- ▼ 0.9 pts vs TX median
- NOI
- $99K
- $4,941/unit/yr
- Units
- 20
- 2 bldg · 1976
Financials
- Asking price
- $1,550,000
- Price per unit
- $77,500
- Price per sq ft
- $85
- Gross rent / year
- Not stated
- Net operating income
- $98,819
- NOI per unit
- $4,941
- Cap rate
- 6.4%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- 100% two-bedroom, one-bathroom unit mix
- Buildings
- 2
- Year built
- 1976
- Building size
- 18,140 sq ft
- Avg unit size
- 907 sq ft
- Lot size
- 0.72 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 15, 2026
- Days on market
- 43 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $1.65M → $1.55M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1026
About this property
Highlights
- 20-unit multifamily community offering a manageable investment opportunity in the growing Alvin market
- Features a 100% two-bedroom, one-bathroom unit mix, providing consistency across the property
- Situated on approximately 0.72 acres with roughly 17,408 square feet of building area
- Property underwent extensive renovations in 2019, reducing near term capital improvement needs
- Positioned within the Houston metropolitan area, approximately 30 miles south of Downtown Houston
- Convenient access to local schools, retail, dining, employment centers, and major regional thoroughfares
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Alvin, TXStabilized | $950K | $86K$86K | 4% |
 League City, TX▼ 2% cutValue-add | $1.76M | $110K$110K | 6.8% |
 League City, TXStabilized | $1.3M | $118K$118K | — |
 Houston, TXStabilized | $1.9M | $95K$95K | — |
 Dickinson, TXHigh yieldStabilized | $900K | $69K$69K | 8.5% |
| South Houston, TX NewHigh yieldStabilized | $1.05M | $55K$55K | 10% |