1 / 285-Unit Multifamily in Houston, TX
Harris County, TX · listed Jun 3, 2026 (147 days)
▼ Reduced 3.9% on Aug 31, 2026, was $649,990
- $/unit
- $124,978
- ▲ 25% vs TX · 63rd pct
- Cap rate
- 8.2%
- ▲ 0.9 pts vs TX median
- NOI
- $51K
- $10,288/unit/yr
- Units
- 5
- 2 bldg · 1940
Financials
- Asking price
- $624,888
- Price per unit
- $124,978
- Price per sq ft
- $187
- Gross rent / year
- Not stated
- Net operating income
- $51,441
- NOI per unit
- $10,288
- Cap rate
- 8.2%
- 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
- 1940
- Building size
- 3,341 sq ft
- Avg unit size
- 668 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 3, 2026
- Days on market
- 147 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 31, 2026: $650K → $625K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1812
About this property
Investor special in one of Houston’s fastest-growing corridors—the East End! This 5-plex plus detached unit offers excellent income potential with value-add upside. Updated interiors featuring stainless steel appliances increase tenant desirability, while the shared outdoor space adds to overall appeal. Positioned in a walkable location near MetroRail, dining, and entertainment, this property supports strong occupancy and rental growth. Whether you’re looking to expand your portfolio or secure a high-demand asset near Downtown, this is a strategic investment you don’t want to miss.
Tenant occupied-Please reach out to schedule tour. Pre-Approval/POF to accompany offer. Buyer to independently verify ALL information including verification taxes, schools, and all things deemed important to Buyer during OP. Agent makes no warranty to sq foot accuracy. Contact agent for title. Text Marcy.
Income-Producing Multifamily Asset Near Downtown Houston
Highlights
Five Income-Producing Units
Five-plex configuration plus a detached unit provides multiple revenue streams and reduced vacancy risk compared to single-unit investments.
Located in Houston's Rapidly Growing East End
Situated in one of Houston's most active redevelopment corridors, benefiting from continued population growth, infrastructure improvements, and increasing demand.
Value-Add Upside with Strong Rental Potential
Opportunity to enhance cash flow through strategic rent increases, operational efficiencies, and continued property improvements.
Updated Interiors Drive Tenant Demand
Renovated units featuring stainless steel appliances offer modern appeal, supporting tenant retention and competitive rental rates.
Walkable Location Near Downtown & MetroRail
Convenient access to MetroRail, dining, entertainment, and Downtown Houston attracts a broad tenant base and supports long-term occupancy stability.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TXStabilized | $479K | $96K$96K | — |
Houston, TXStabilized | $750K | $94K$94K | 7.7% |
Houston, TXStabilized | $800K | $160K$160K | — |
Houston, TXNew construction | $1.38M | $229K$229K | — |
Houston, TXHigh yieldStabilized | $715K | $143K$143K | 10.1% |
Houston, TXValue-add | $447K | $75K$75K | 8% |





