1 / 25-Unit Multifamily in New Caney, TX
Montgomery County, TX · listed May 7, 2026 (174 days)
▼ Reduced 11.3% on Sep 28, 2026, was $225,000
- $/unit
- $39,900
- ▼ 57% vs TX · 9th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 5
- 6 bldg · 1968
Financials
- Asking price
- $199,500
- Price per unit
- $39,900
- Price per sq ft
- $17
- 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
- 5 Mobile Homes 1 Efficiency Apartment
- Buildings
- 6
- Year built
- 1968
- Building size
- 11,761 sq ft
- Avg unit size
- 2,352 sq ft
- Lot size
- 0.27 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 7, 2026
- Days on market
- 174 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Sep 28, 2026: $225K → $200K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1990
About this property
Positioned in one of the fastest-growing areas in Montgomery County, this ±0.260-acre property offers an excellent opportunity for investors seeking an income-producing asset with strong growth potential. Conveniently located near both Highway 99 (Grand Parkway) and US-69, the property provides quick access for commuters traveling throughout the Greater Houston area. Currently improved with 6 rental units, including 5 mobile homes and 1 efficiency apartment, this property has income-producing potential. ±0.260 Acres 6 Rental Units Total 5 Mobile Homes 1 Efficiency Apartment Income-Producing Opportunity Community tap and sewer Convenient Access to Hwy 99 & US-69 Located in a Rapidly Growing Area Near Restaurants, Retail, Schools & Daily Amenities Strong Commuter Accessibility Whether you're looking to expand your investment portfolio or secure a property in the path of growth, this New Caney opportunity offers both location and income potential.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Porter, TXStabilized | $1.09M | $122K$122K | — |
New Caney, TXStabilized | $725K | $121K$121K | — |
Stabilized | $650K | $93K$93K | — |
| New Caney, TX New | $200K | $33K$33K | — |
▼ 19% cutValue-add | $425K | $53K$53K | — |
Splendora, TXNew | $875K | $125K$125K | — |


