1 / 2Stabilized
$425,000
5-Unit Multifamily in Freeport, TX
Brazoria County, TX · listed May 6, 2026 (175 days)
Price per unit compared
This property$85K
Within ~40 mi (59)$95K
Texas median (1,196)$92K
- $/unit
- $85,000
- ▼ 8% vs TX · 44th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 5 bldg · 1945
Financials
- Asking price
- $425,000
- Price per unit
- $85,000
- Price per sq ft
- $161
- 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
- 5
- Unit mix
- detached 1-bedroom homes
- Buildings
- 5
- Year built
- 1945
- Building size
- 2,640 sq ft
- Avg unit size
- 528 sq ft
- Lot size
- 0.29 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 6, 2026
- Days on market
- 175 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1677
About this property
Marcus & Millichap is proud to present Freeport Luxury Cottages, a rare opportunity to acquire a fully renovated, stabilized 5-unit community comprised of detached 1-bedroom homes in Freeport, TX. The property offers a unique "build-to-rent" style layout that appeals to tenants seeking privacy and a single-family feel, while maintaining the efficiency of multifamily ownership. With all units updated and separately metered, this asset delivers strong in-place income with minimal operational complexity and long-term upside in a growing coastal market.
Multifamily | 5 Units
Highlights
- Fully Renovated & Stabilized Asset - All five units have been upgraded with modern interior finishes, providing immediate cash flow with no deferred maintenance.
- Detached Unit Layout (SFR Appeal) - Standalone 1-bedroom homes offer enhanced tenant privacy, supporting strong demand and tenant retention.
- Operational Efficiency & Lower Expenses - Individually metered utilities, tankless water heaters, and mini-split systems reduce landlord expense exposure and improve NOI.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Freeport, TXStabilized | $335K | $67K$67K | — |
 Lake Jackson, TX | $499K | $62K$62K | — |
 Clute, TXStabilized | $2.99M | $93K$93K | — |
 Brazoria, TXStabilized | $645K | $72K$72K | — |
 Angleton, TX | $499K | $62K$62K | — |
| Galveston, TX Owner financing | $2.2M | $275K$275K | — |