Stabilized
$2,500,000
24-Unit Multifamily in Houston, TX
TX · listed Sep 24, 2025 (399 days)
Price per unit compared
This property$104K
Within ~40 mi (256)$98K
Texas median (1,029)$100K
- $/unit
- $104,167
- ▲ 4% vs TX · 52nd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 24
- 6 bldg · 1965
Financials
- Asking price
- $2,500,000
- Price per unit
- $104,167
- Price per sq ft
- $137
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 92%
As stated by the seller. Verify during due diligence.
Building
- Units
- 24
- Unit mix
- 12 two-bedroom, 12 one-bedroom
- Buildings
- 6
- Year built
- 1965
- Building size
- 18,246 sq ft
- Avg unit size
- 760 sq ft
- Lot size
- 0.83 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 24, 2025
- Days on market
- 399 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1743
About this property
Great location, Spring Branch submarket - 24-unit multi-family property (12 two-bedroom, 12 one-bedroom) - Many long-term tenants (several 4+ years) - Stable income, 92% occupancy
Multifamily
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TX▼ 4% cutStabilized | $1.68M | $120K$120K | — |
 Houston, TXNew | $2.95M | $268K$268K | — |
 Houston, TX | $675K | $135K$135K | — |
| Houston, TX New | $11M | $333K$333K | — |
| Houston, TX NewOwner financingValue-add | $1.55M | $65K$65K | 8%gy |
 Houston, TXNewNew construction | $22.5M | $865K$865K | 5.5% |