MULTIFAMILYRADAR
5-Unit Multifamily in New Caney, TX, photo 11 / 2
▼ 11% cut
$199,500

5-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

Price per unit compared
This property$40K
Within ~40 mi (259)$94K
Texas median (1,196)$92K
$/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.

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