
5-Unit Multifamily in Houston, TX
TX · listed Sep 7, 2026 (51 days)
- $/unit
- $650,000
- ▲ 605% vs TX · 99th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 1978
Financials
- Asking price
- $3,250,000
- Price per unit
- $650,000
- Price per sq ft
- $258
- 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
- Not stated
- Buildings
- Not stated
- Year built
- 1978
- Building size
- 12,607 sq ft
- Avg unit size
- 2,521 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 7, 2026
- Days on market
- 51 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1980
About this property
Rare opportunity to own an entire city block that took generations to assemble. Once a private school and now short-term housing for medical patients. Consisting of 5 homes, Owners Residence, Guest House, Auto Shop, Large Storage Unit, Pool, Fish Pond & Central Park, just minutes from Houston’s renowned Texas Medical Center. Spanning 3.14 acres, this one-of-a-kind property offers space and privacy in the heart of the city. Peaceful setting with exceptional flexibility for personal use, care facility or future redevelopment. The homes were fully remodeled. The owner’s residence features expansive style and design with large outdoor entertainment area. Entire block is fully enclosed with privacy fence and 10 automatic gates. Located in Willow Meadows known for quiet streets & strong community. Easy access to Hwy 90, 610, Beltway 8 & Fort Bend Tollway. Across the street from Rice University South Annex. Not in flood zone. Unrestricted.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TXNewValue-add | $750K | $125K$125K | — |
Houston, TX | $990K | $141K$141K | — |
Houston, TXNewOwner financing | $3.3M | $103K$103K | — |
Houston, TX▼ 2% cutVacant | $829K | $138K$138K | — |
Stabilized | $1.25M | $208K$208K | 6.4% |
Houston, TXStabilized | $1.1M | $157K$157K | — |




