1 / 3024-Unit Multifamily in Houston, TX
Harris County, TX · listed Jun 9, 2025 (506 days)
- $/unit
- $64,583
- ▼ 35% vs TX · 17th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 24
- 2 bldg · 1964
Financials
- Asking price
- $1,550,000
- Price per unit
- $64,583
- Price per sq ft
- $112
- 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
- 24
- Unit mix
- 20 one-bedroom and 4 two-bedroom
- Buildings
- 2
- Year built
- 1964
- Building size
- 13,850 sq ft
- Avg unit size
- 577 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 9, 2025
- Days on market
- 506 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1552
About this property
Multifamily Property For Sale!
24-Unit Multifamily | Corner Lot | New 30-Year Roof (2026) | Owner Financing
(address on request), Houston, TX 77016
Own a 24-unit apartment community in one of Houston's high-demand rental corridors. This corner-lot property offers 20 one-bedroom and 4 two-bedroom units across 13,850 sq. ft. of building space on 29,240 sq. ft. of land, giving you a strong unit mix, room for tenant parking, and visibility from two streets.
Highlights
- New 30-year roof installed in 2026, which means fewer near-term capital expenses and more peace of mind
- 24 units: 20 one-bedroom and 4 two-bedroom
- Corner lot with 29,240 sq. ft. of land
- Close to the University of Houston, Texas Southern University, and University of Houston–Downtown, with steady demand from students, staff, and working renters
- Easy access to major roads and central Houston
Whether you're building a student-housing portfolio or holding for long-term rental income, this is a rare chance to add scale in a single purchase.
Owner financing available. No credit OK. Call today to schedule a showing.
Multifamily | 24 Units | $64,583/unit
Highlights
- Multifamily Property:
- 24 total units – 20 (1 bed/1 bath) and 4 (2 bed/1 bath), ideal for maximizing rental income.
- Corner Lot Advantage:
- Sits on a 29,240 sq.ft. lot with a 13,850 sq.ft. building, offering strong visibility and accessibility.
- High Rental Demand:
- Surrounded by residential communities and ideal for long-term tenants or student housing.
- Close to Universities:
- Located near University of Houston, Texas Southern University, and University of Houston–Downtown — attractive to students, faculty, and staff.
- Income-Generating Potential:
- Excellent opportunity to generate consistent cash flow in an established market.
- Owner Financing with No Credit Check:
- Easy access for investors or buyers who may not qualify through traditional financing.
- Operating complex with strong existing tenancy, perfect for both experienced investors and those new to the multifamily space. Plenty of potential to increase rates with minimal updating and renovations. Contains an on-site leasing office built for an investor to ensure continued performance
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXNewOwner financing | $1.55M | $65K$65K | — |
 Houston, TXHigh yieldValue-add | $1.68M | $70K$70K | 9.7% |
 Houston, TXHigh yieldStabilized | $969K | $65K$65K | 8.5% |
 Houston, TXNewStabilized | $850K | $94K$94K | — |
 Houston, TXStabilized | $700K | $140K$140K | — |
 Houston, TX | $725K | $91K$91K | — |