MULTIFAMILYRADAR
This property is no longer available. Similar buildings are listed below.
6-Unit Multifamily in Houston, TX, photo 11 / 2
High yieldValue-add
$538,888

6-Unit Multifamily in Houston, TX

TX · listed Sep 5, 2026 (53 days)

Price per unit compared
This property$90K
Within ~40 mi (253)$102K
Texas median (1,029)$100K
$/unit
$89,815
▼ 10% vs TX · 41st pct
Cap rate
—
 
Gross yield
13.5%
 
Units
6
3 bldg · 1920

Financials

Asking price
$538,888
Price per unit
$89,815
Price per sq ft
$82
Gross rent / year
$72,600
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
13.5%gross rent ÷ price
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
6
Unit mix
two spacious 3BR/2BA homes with gas fireplaces plus two duplexes offering four 1BR/1BA units
Buildings
3
Year built
1920
Building size
6,592 sq ft
Avg unit size
1,099 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Sep 5, 2026
Days on market
53 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1839

About this property

Excellent income-producing opportunity in Houston’s revitalized East End! Situated on a 19,313 SF corner lot, this unique 6-unit multifamily property consists of two spacious 3BR/2BA homes with gas fireplaces plus two duplexes offering four 1BR/1BA units. Units feature hardwood or laminate flooring, window A/C, & assigned off-street parking, with additional parking for the larger residences. Gross Scheduled Rent at full occupancy is $72,600 annually/$6,050 monthly. Currently, 2 units are occupied, and 4 are vacant, creating significant lease-up and value-add potential for the next owner. Ideally located with easy access to I-45, I-69/US-59, I-610, I-10 & SH-225. Minutes from Downtown, UH, and the Texas Medical Center, with METRO within walking distance. Excellent opportunity to acquire 6 rental units on a substantial corner lot in an established East End neighborhood with continued growth and redevelopment. Strong rental demand & excellent long-term investment & appreciation potential.

Highlights

  • Six-unit multifamily investment opportunity in Houston's revitalized East End
  • Two 3-bedroom, 2-bath homes with gas fireplaces
  • Two duplex buildings containing four 1-bedroom, 1-bath units
  • Assigned off-street parking
  • Window A/C and hardwood or laminate flooring
  • 19,313 SF corner site
  • Lease-up potential and long-term value-add opportunity
  • Easy access to I-45, I-69/US-59, I-610, I-10 and SH-225
  • Minutes from Downtown Houston, the University of Houston, and the Texas Medical Center
  • METRO transit within walking distance

Location

Approximate area. The exact address is shared on request.

Similar buildings nearby

PropertyPrice$/unitCap
5-Unit Multifamily in Houston, TXHouston, TX
▼ 4% cutHigh yieldValue-add
$625K$125K8.2%
8-Unit Multifamily in Houston, TXHouston, TX
Stabilized
$750K$94K7.7%
5-Unit Multifamily in Houston, TXHouston, TX
Stabilized
$800K$160K—
5-Unit Multifamily in Houston, TXHouston, TX
Stabilized
$479K$96K—
6-Unit Multifamily in Houston, TXHouston, TX
New construction
$1.38M$229K—
5-Unit Multifamily in Houston, TXHouston, TX
High yieldStabilized
$715K$143K10.1%