40-Unit Multifamily in Houston, TX
TX · listed Sep 1, 2026 (56 days)
- $/unit
- $87,500
- ▼ 5% vs TX · 46th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 40
Financials
- Asking price
- $3,500,000
- Price per unit
- $87,500
- Price per sq ft
- Not stated
- 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
- 40
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Available
Listing
- Listed
- Sep 1, 2026
- Days on market
- 56 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1862
About this property
Multifamily I am working right now, mostly seller finance or assumable debt. Region only until a confidentiality agreement is in place.
Houston TX. 40 units, 7.76% going-in cap, 38% expense ratio, rent roll and T-12 available. $3,500,000.
Houston TX. 38 units plus 18 storage units, 76% occupied and climbing, new leases at $1,100 to $1,200. $3,500,000.
Houston TX. 30 units, 6.5% cap, rent roll and T-12 available. $4,100,000.
Greensboro NC. 56 units across two properties, seller financing plus loan assumption, about $500,000 down. $5,250,000.
New York City. 20 units, 11 rent stabilized, 90% occupied, seller carries at 4% over 7 years with roughly half down. $6,800,000.
Tallahassee FL. 376 units with about $28M of assumable Fannie Mae debt at 2.76% fixed, 98% occupied, rents $115 to $230 under comps. $57,000,000.
Separately I am working a 707-unit El Paso portfolio, owned free and clear, priced for cash or seller finance. That one needs a buyer with $40 million plus. If that is your range, DM me.
Full summaries open after a one-minute confidentiality agreement at Comment or DM for the rest.
Location
Somewhere in Houston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Houston, TX | $3.4M | $117K$117K | 5.7% |
| Houston, TX NewOwner financingHigh yield | $1.4M | $82K$82K | 9.3% |
| Houston, TX Owner financingValue-add | $3.5M | $92K$92K | — |
| Houston, TX NewOwner financingValue-add | $875K | $109K$109K | — |
| Houston, TX NewStabilized | $600K | $120K$120K | 7% |
| Houston, TX Owner financingHigh yieldStabilized | $510K | $102K$102K | 8.1% |