5-Unit Multifamily in Houston, TX
TX · listed Oct 23, 2026 (5 days)
- $/unit
- $120,000
- ▲ 30% vs TX · 66th pct
- Cap rate
- 7%
- ▼ 0.4 pts vs TX median
- NOI
- $42K
- $8,358/unit/yr
- Units
- 5
Financials
- Asking price
- $599,999
- Price per unit
- $120,000
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $41,790
- NOI per unit
- $8,358
- Cap rate
- 7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- 5 units / 10 beds
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 23, 2026
- Days on market
- 5 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 2126
About this property
**Student Housing Deal | Third Ward, Houston, TX**
Turnkey co-living property minutes from the University of Houston and TSU, with Downtown and the Med Center a short drive away.
🏠 5 units / 10 beds, rented by the bed 💰 Asking: $599,999 ($60K per bed) 📈 In-place NOI: $41,790 (about 7% cap) 🛋️ Fully furnished, separately metered, tenants pay utilities 🚗 Gated parking with 7 spots
7 of 10 beds collecting now. Filling the remaining 3 at current rents pushes NOI to about $54.8K. Rents are on the low side, so there’s more room on turnover.
Closing on or before November 14. Rent roll and full numbers available on request.
Email:
Phone: (A text first is greatly appreciated)
Or DM
Location
Somewhere in Houston. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Houston, TX NewOwner financingValue-add | $875K | $109K$109K | — |
| Houston, TX | $3.4M | $117K$117K | 5.7% |
| Houston, TX NewOwner financingHigh yield | $1.4M | $82K$82K | 9.3% |
| Houston, TX Owner financingHigh yieldStabilized | $510K | $102K$102K | 8.1% |
| Houston, TX Owner financing | $3.5M | $88K$88K | — |
| Houston, TX Stabilized | $1.75M | $83K$83K | — |