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NewStabilized
$2,850,000
32-Unit Multifamily in Houston, TX
TX · listed Oct 25, 2026 (2 days)
Price per unit compared
This property$89K
Within ~40 mi (294)$97K
Texas median (1,196)$92K
- $/unit
- $89,062
- ▼ 3% vs TX · 47th pct
- Cap rate
- 5.9%
- ▼ 1.5 pts vs TX median
- NOI
- $167K
- $5,217/unit/yr
- Units
- 32
Financials
- Asking price
- $2,850,000
- Price per unit
- $89,062
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $166,939
- NOI per unit
- $5,217
- Cap rate
- 5.9%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 32
- Unit mix
- 32 units, all 2 bed / 1 bath
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 25, 2026
- Days on market
- 2 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1028
About this property
**Off-Market 32-Unit Multifamily | Houston, TX | Seller Financing **
**Asking: $2.85M ($89K/unit)**
Property Details
- 32 units, all 2 bed / 1 bath
- 100% occupied (reported)
- Built in 1955, Class C
- 34,896 SF on 1 acre
- Approx. $500K in improvements completed in 2024
**Seller Financing:** * 25% down ($712,500) * 5.5% interest, interest-only * 3-year balloon * Monthly payment: ~$9,797
**Financials:** * Estimated NOI: $166,939 * Cap Rate: 5.86% * DSCR: 1.42x * Estimated Cash Flow: ~$4,115/month after debt service
For more information, email **[](mailto:)**.
Location
Somewhere in Houston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Houston, TX Owner financingStabilized | $2.85M | $110K$110K | — |
| Houston, TX Owner financingStabilized | $2.85M | $110K$110K | — |
| Houston, TX | $3.4M | $117K$117K | 5.7% |
| Houston, TX NewOwner financingValue-add | $1.55M | $65K$65K | 8%gy |
| Houston, TX Value-add | $4.2M | $300K$300K | 9%gy |
| Houston, TX New | $6.5M | $500K$500K | — |