MULTIFAMILYRADAR
21-Unit Multifamily in Houston, TX, photo 1
NewValue-add
$1,300,000

21-Unit Multifamily in Houston, TX

TX · listed Oct 18, 2026 (10 days)

Price per unit compared
This property$62K
Within ~40 mi (272)$99K
Texas median (1,196)$92K
$/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.

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