1 / 305-Unit Multifamily in Houston, TX
Harris County, TX · listed Nov 20, 2024 (707 days)
- $/unit
- $142,998
- ▲ 43% vs TX · 71st pct
- Cap rate
- 10.1%
- ▲ 2.8 pts vs TX median
- NOI
- $73K
- $14,520/unit/yr
- Units
- 5
- 2 bldg · 1938
Financials
- Asking price
- $714,990
- Price per unit
- $142,998
- Price per sq ft
- $228
- Gross rent / year
- Not stated
- Net operating income
- $72,600
- NOI per unit
- $14,520
- Cap rate
- 10.1%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 1938
- Building size
- 3,140 sq ft
- Avg unit size
- 628 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Nov 20, 2024
- Days on market
- 707 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1243
About this property
Exceptional income-generating property in the heart of EaDo, minutes from downtown Houston! This newly renovated, fully furnished 5-unit building is a rare, hassle-free investment opportunity in a prime location near trendy restaurants, shops, and newly developed buildings. Each modern unit is move-in ready with stylish finishes and new appliances, attracting high-quality tenants. Currently generating strong rental income, this property offers excellent appreciation potential in one of Houston’s fastest-growing neighborhoods. Don’t miss this turnkey investment in the thriving heart of East Downtown!
Central Houston / Instant Cash Flow / Great Investment Opportunity
Highlights
- Strong monthly income
- Fully furnished units
- Value Add Opportunity
- Fully remodeled in 2022 / Everything is brand new. Roof, HVAC, windows, water heaters, etc.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXNew construction | $1.38M | $229K$229K | — |
 Houston, TXStabilized | $479K | $96K$96K | — |
 Houston, TXStabilized | $800K | $160K$160K | — |
 Houston, TX▼ 4% cutHigh yieldValue-add | $625K | $125K$125K | 8.2% |
 Houston, TXHigh yieldValue-add | $425K | $53K$53K | 12.6% |
 Houston, TXStabilized | $750K | $94K$94K | 7.7% |