1 / 829-Unit Multifamily in Houston, TX
Harris County, TX · listed Apr 25, 2024 (915 days)
- $/unit
- $101,724
- ▲ 2% vs TX · 50th pct
- Cap rate
- 4.7%
- ▼ 2.6 pts vs TX median
- NOI
- $138K
- $4,765/unit/yr
- Units
- 29
- 6 bldg · 1981
Financials
- Asking price
- $2,950,000
- Price per unit
- $101,724
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $138,183
- NOI per unit
- $4,765
- Cap rate
- 4.7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 29
- Unit mix
- Not stated
- Buildings
- 6
- Year built
- 1981
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 25, 2024
- Days on market
- 915 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1783
About this property
Cedar Creek Condos is conveniently located in the heart of the Woodlake/ Westheimer area of Houston on Tanglewide Street, just north of the convergence of Westpark Tollway and South Gessner Road. The Property’s location provides easy access to schools, dining, shopping, and major employment hubs throughout the metro area. The Texas Medical Center – the world’s largest healthcare complex, is 10.1 miles to the southeast, Downtown Houston is 10.6 miles northeast, and University Place, The University of Texas Professional Building, and major attractions such as the Houston Zoo, Museum of Fine Arts, Museum of Natural Science and Hermann Park and Golf Course are all within 12 miles of the Property. The same owner is selling a total of 29 Units in the same complex. This multifamily property, strategically located in the heart of Houston, presents an exceptional investment opportunity for investors seeking high returns and strong cap rates. Positioned in a thriving urban area with easy access to major highways, employment centers, and popular attractions, the property offers consistent demand from tenants looking for a convenient, vibrant living experience. With modern amenities and well-maintained units, this asset delivers significant potential for rental income growth and long-term value appreciation. For investors aiming to maximize returns in a high-demand market, this multifamily property is an ideal addition to any portfolio.
Multifamily | 29 Units | $101,724/unit
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TXStabilized | $550K | $110K$110K | — |
Houston, TXNew | $1.5M | $94K$94K | — |
Houston, TXNewNew construction | $22.5M | $865K$865K | 5.5% |
Houston, TX | $990K | $141K$141K | — |
Houston, TXNewOwner financing | $3.3M | $103K$103K | — |
Houston, TXStabilized | $2.5M | $104K$104K | — |





