1 / 196-Unit Multifamily in Houston, TX
Harris County, TX · listed May 12, 2026 (169 days)
▼ Reduced 5.5% on Aug 3, 2026, was $475,000
- $/unit
- $74,833
- ▼ 25% vs TX · 27th pct
- Cap rate
- 7.3%
- ▼ 0.1 pts vs TX median
- Gross yield
- —
- Units
- 6
- 1 bldg · 1940
Financials
- Asking price
- $449,000
- Price per unit
- $74,833
- Price per sq ft
- $246
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 7.3%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- 2 bed x 1 bath, 1 bed x 1 bath, 4 Studios
- Buildings
- 1
- Year built
- 1940
- Building size
- 1,825 sq ft
- Avg unit size
- 304 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 12, 2026
- Days on market
- 169 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 3, 2026: $475K → $449K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1968
About this property
With rents up to market and very good condition (address on request) presents a compelling multifamily investment opportunity in Houston’s rapidly growing 77029 submarket, strategically located near Port Houston, major industrial employment hubs, Downtown Houston, and key transportation corridors including I-10 and Loop 610. The property consists of 6 residential units situated on a 5,000 SF lot and offers investors the ability to capitalize on an already stabilized rental scenario. Positioned within an Opportunity Zone and surrounded by strong workforce housing demand drivers, the asset benefits from Houston’s continued population and employment growth while offering long-term appreciation potential in a high-demand infill location.
If you're interested in this property and need financing, we're here to help. We can connect qualified buyers with commercial lending solutions and assist in coordinating the financing process to make your acquisition as seamless as possible. Contact us to learn more about available financing options.
Over the past few years, this property has undergone extensive upgrades and improvements, making it truly move-in ready. Major updates include new electric service, central AC for Unit #1, a remodeled kitchen and bathroom in Unit #1, multiple rounds of foundation repairs, new siding and exterior windows, fresh exterior paint, and a brand-new sewer line. Recent 2026 improvements feature luxury vinyl plank flooring, a new cedar fence, a freshly paved and striped asphalt parking lot, plus updated landscaping with decorative black rock for added curb appeal.
6 Units, Good Condition, 100% Occupancy. Houston, TX
Highlights
- Strategically located in Houston’s 77029 submarket near Port Houston and major transportation corridors supporting long-term demand.
- Turnkey investment opportunity with good financial performance.
- The property includes 6 residential units on a 5,000 SF lot, providing stable small multifamily income potential.
- Located within an Opportunity Zone, offering potential tax advantages for qualified investors.
If you're interested in this property and need financing, we're here to help. We can connect qualified buyers with commercial lending solutions and assist in coordinating the financing process to make your acquisition as seamless as possible. Contact us to learn more about available financing options.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXOwner financingHigh yieldStabilized | $1.4M | $82K$82K | 9.3% |
 Houston, TXOwner financingHigh yieldStabilized | $850K | $77K$77K | 8.6% |
 Houston, TX▼ 5% cutValue-add | $900K | $60K$60K | — |
 Houston, TXNew | $1.25M | $139K$139K | — |
 Houston, TXStabilized | $800K | $160K$160K | — |
 Houston, TXStabilized | $750K | $94K$94K | 7.7% |