20-Unit Multifamily in Houston, TX
TX · listed Jul 25, 2026 (95 days)
- $/unit
- $87,500
- ▼ 5% vs TX · 46th pct
- Cap rate
- 7%
- ▼ 0.4 pts vs TX median
- Gross yield
- —
- Units
- 20
Financials
- Asking price
- $1,750,000
- Price per unit
- $87,500
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 7%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 25, 2026
- Days on market
- 95 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1507
About this property
Off Market Houston
## **🔥 (address on request) — 20‑Unit Multifamily | 7% Cap Rate**
**Price:** $1,750,000 **Units:** 20 **Square Footage:** 9,930 **Occupancy:** 100% **Year Renovated:** 2022 **Lot Size:** 1.13 acres **Type:** Apartment Building ## **📌 Property Overview**
A stabilized **20‑unit multifamily property** in Southeast Houston, offering a **7% cap rate** with **below‑market rents** and strong operational fundamentals. Renovated in **2022**, the property features a mix of studios, 1BRs, and a single 2BR unit. RUBS is already in place, providing additional income upside.
Located near **Hobby Airport**, **Loop 610**, and **I‑45**, the asset benefits from strong workforce housing demand and consistent occupancy. The property sits **outside all flood zones**, a major advantage in Houston underwriting. ## **-🏡 Unit Mix** * **[1] 2BR / 1BA** * **[13] 1BR / 1BA** * **[6] Studios** ## **📈 Highlights** * **7% cap rate** at asking price * **Below‑market rents** → clear revenue upside * **Roof replaced in 2022** * **RUBS implemented** * **100% occupied** * **Strong workforce housing corridor** * **Proximity to Hobby Airport, 610 Loop, I‑45** * **Outside all flood zones**
**Contact me at or WhatsApp at**
** to get financials.**
Location
Somewhere in Houston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Houston, TX NewValue-add | $2.86M | $65K$65K | 7.3% |
| Houston, TX | $675K | $96K$96K | — |
| Houston, TX Owner financingValue-add | $3.5M | $92K$92K | — |
| Houston, TX Stabilized | $1.75M | $83K$83K | — |
| Houston, TX High yieldValue-add | $825K | $63K$63K | 5.7% |
| Houston, TX | $260K | $43K$43K | — |