1 / 624-Unit Multifamily in Houston, TX
TX · listed Sep 7, 2026 (51 days)
- $/unit
- $70,000
- ▼ 30% vs TX · 23rd pct
- Cap rate
- 9.7%
- ▲ 2.4 pts vs TX median
- NOI
- $163K
- $6,777/unit/yr
- Units
- 24
- 2 bldg · 2000
Financials
- Asking price
- $1,680,000
- Price per unit
- $70,000
- Price per sq ft
- $160
- Gross rent / year
- Not stated
- Net operating income
- $162,640
- NOI per unit
- $6,777
- Cap rate
- 9.7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 24
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 2000
- Building size
- 10,516 sq ft
- Avg unit size
- 438 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 7, 2026
- Days on market
- 51 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1359
About this property
The Trinity Gardens community is located in northeast Houston, forming part of the larger Trinity / Houston Gardens area just outside the city's downtown area. The neighborhood today maintains a predominantly residential character while also benefiting from industrial and commercial activity along its eastern edge. Its location within Houston provides residents with access to the broader metropolitan employment base, including jobs in construction, transportation, manufacturing, industrial services, and Houston's extensive energy sector. With an established residential base, relatively affordable housing, and proximity to major employment centers throughout central and eastern Houston, Trinity Gardens represents a workforce-oriented community positioned within one of the nation's largest and most diverse metropolitan economies.
Multifamily | 9.68% CAP | 24 Units
Highlights
- Consistent Cash flow - As renters continue to be priced away from Downtown, this property is perfect for taking advantage of this influx of tenants and remains consistently occupied as a result.
- Possibility for value-add - While the property's interior has been renovated, there are still many opportunities for overall renovations, exterior upgrades and other strategies that could increase the overall property performance.
- Streamlined Operations - With a smaller unit size compared to larger commercial properties our operations are designed to remain efficient, manageable, and cost-effective. This allows for easier property maintenance, faster communication with tenants, and more efficient use of resources while maintaining a high standard of service.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXHigh yieldStabilized | $969K | $65K$65K | 8.5% |
 Houston, TXNewOwner financing | $1.55M | $65K$65K | — |
 Houston, TXValue-add | $1.55M | $65K$65K | — |
 Houston, TXStabilized | $700K | $140K$140K | — |
 Houston, TXNewStabilized | $850K | $94K$94K | — |
 Houston, TXValue-add | $485K | $30K$30K | — |