NewStabilized
$2,749,000
20-Unit Multifamily in Houston, TX
TX · listed Oct 28, 2026 (today)
Price per unit compared
This property$137K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
- $/unit
- $137,450
- ▲ 49% vs TX · 73rd pct
- Cap rate
- 6.4%
- ▼ 1.0 pts vs TX median
- Gross yield
- —
- Units
- 20
- 1965
Financials
- Asking price
- $2,749,000
- Price per unit
- $137,450
- Price per sq ft
- $179
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 6.4%
- 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
- 1965
- Building size
- 15,396 sq ft
- Avg unit size
- 770 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 28, 2026
- Days on market
- Today
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2205
About this property
Highlights
- Renovated 20-unit multifamily asset
- ~$1.7M invested into renovations and capital improvements
- Major upgrades to plumbing, electrical, roofing, HVAC, structural, and fire sprinkler systems
- Fully leased with stable in-place cash flow
- Minutes from the Texas Medical Center, University of Houston, Hermann Park, and Downtown Houston
- Strong demand drivers from healthcare, university, and urban employment growth
- Property Flyers
- 2508-2512 Southmore - OM
- Cap Rate:
- 6.40 %
- Major Tenants
- Tenant
- SF Occupied
- Lease End Date
- Kiland Group, Inc
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXStabilized | $4.6M | $256K$256K | 6.7% |
 Houston, TXHigh yieldStabilized | $1.39M | $198K$198K | 9.6% |
 Houston, TXValue-add | $498K | $71K$71K | — |
 Houston, TXStabilized | $850K | $121K$121K | — |
 Houston, TXValue-add | $1.5M | $150K$150K | — |
 Houston, TXStabilized | $2.77M | $139K$139K | 6.1% |