MULTIFAMILYRADAR
5-Unit Multifamily in Houston, TX, photo 11 / 28
▼ 4% cutHigh yieldValue-add
$624,888

5-Unit Multifamily in Houston, TX

Harris County, TX · listed Jun 3, 2026 (147 days)

▼ Reduced 3.9% on Aug 31, 2026, was $649,990

Price per unit compared
This property$125K
Within ~40 mi (252)$101K
Texas median (1,029)$100K
$/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.

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