1 / 3High yieldStabilized
$675,000
5-Unit Multifamily in Houston, TX
TX · listed May 19, 2025 (527 days)
Price per unit compared
This property$135K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
- $/unit
- $135,000
- ▲ 47% vs TX · 71st pct
- Cap rate
- 10%
- ▲ 2.6 pts vs TX median
- NOI
- $66K
- $13,140/unit/yr
- Units
- 5
- 1940
Financials
- Asking price
- $675,000
- Price per unit
- $135,000
- Price per sq ft
- $220
- Gross rent / year
- Not stated
- Net operating income
- $65,700
- NOI per unit
- $13,140
- Cap rate
- 10%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- 10 beds
- Buildings
- Not stated
- Year built
- 1940
- Building size
- 3,072 sq ft
- Avg unit size
- 614 sq ft
- Lot size
- 4600 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 19, 2025
- Days on market
- 527 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1234
About this property
Outstanding 5-Unit 10 bed cash flowing Multi Family Investment Property in a great location minutes from the University of Houston and Downtown area. This 5-Unit Multi Family property has 10 beds/streams of revenue fully executed leases. Contact agent for rent summary. All units have separate meters for utilities. Tenants pay for utilities. All units are fully furnished. Relaxing patio area in the back and spacious gated parking with 7 spots on property and additional street parking. Great investment opportunity.
Multi-family
Highlights
- 5 Unit Multi-Family Apartment Building
- Building Size: 3,072 SF
- 100% Occupied
- Convenient Access to Major Freeways
- Walking Distance from University of Houston and Texas Southern University
- Onsite Laundry
- Secure Parking
- 10% Cap Rate
- Contact Agent for Pricing
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXNew | $250K | $17K$17K | — |
 Houston, TXValue-add | $447K | $75K$75K | 8% |
 Houston, TXValue-add | $899K | $150K$150K | — |
 Houston, TX | $350K | $44K$44K | — |
 Houston, TXHigh yieldValue-add | $1.09M | $91K$91K | 9.3% |
 Houston, TXOwner financing | $950K | $158K$158K | — |