
21-Unit Multifamily in Houston, TX
TX · listed Oct 18, 2026 (10 days)
- $/unit
- $61,905
- ▼ 33% vs TX · 23rd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 21
- 1963
Financials
- Asking price
- $1,300,000
- Price per unit
- $61,905
- Price per sq ft
- $79
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 21
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1963
- Building size
- 16,371 sq ft
- Avg unit size
- 780 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 18, 2026
- Days on market
- 10 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1509
About this property
Welcome to this 21-unit multifamily property situated on a corner lot, offering an excellent value-add investment opportunity. With 19 units currently vacant, the property presents potential for renovation, repositioning, and future income generation. A retail space at the front adds versatility and potential for alternative uses, subject to applicable zoning and permit requirements. Conveniently located near Charlton Park and just minutes from Hobby Airport, the property offers easy access to I-45 and Loop 610. Situated in an area experiencing ongoing residential and commercial development, this property presents an opportunity for investors looking to unlock its potential.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| $1.75M | $88K$88K | 7% | |
High yieldValue-add | $2M | $91K$91K | 7.3% |
Houston, TXStabilized | $1.9M | $95K$95K | — |
Stabilized | $1.4M | $100K$100K | 6.4% |
Houston, TXValue-add | $925K | $71K$71K | — |
High yieldValue-add | $1.65M | $103K$103K | 7.3% |

