1 / 16Owner financingStabilized
$2,850,000
32-Unit Multifamily in Houston, TX
Harris County, TX · listed Apr 14, 2025 (562 days)
Price per unit compared
This property$89K
Within ~40 mi (270)$100K
Texas median (1,029)$100K
- $/unit
- $89,062
- ▼ 11% vs TX · 41st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 32
- 8 bldg · 1955
Financials
- Asking price
- $2,850,000
- Price per unit
- $89,062
- Price per sq ft
- $126
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 32
- Unit mix
- Not stated
- Buildings
- 8
- Year built
- 1955
- Building size
- 22,560 sq ft
- Avg unit size
- 705 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Apr 14, 2025
- Days on market
- 562 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1461
About this property
Located in Houston's rapidly transforming Greater Fifth Ward / East End submarket, Wheatley Court Apartments offers investors a rare opportunity to acquire a fully stabilized, 100% occupied, cash-flowing asset. Fresh off a documented $500,000 capital improvement program completed in 2024, this 32-unit multifamily complex delivers immediate operational stability with credible, realistic upside — not speculative promises.
Multifamily | 32 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXHigh yieldValue-add | $425K | $53K$53K | 12.6% |
 Houston, TXHigh yieldStabilized | $750K | $75K$75K | 10% |
 Houston, TXHigh yieldStabilized | $715K | $143K$143K | 10.1% |
 Houston, TXNewStabilized | $1.8M | $180K$180K | — |
 Houston, TXStabilized | $800K | $160K$160K | — |
 Houston, TX▼ 7% cutHigh yieldValue-add | $789K | $49K$49K | 9.6% |