1 / 307-Unit Multifamily in Houston, TX
TX · listed Jun 20, 2026 (130 days)
▼ Reduced 0.7% on Oct 23, 2026, was $695,000
- $/unit
- $98,571
- ▼ 1% vs TX · 48th pct
- Cap rate
- —
- Gross yield
- 13.4%
- Units
- 7
- 1948
Financials
- Asking price
- $690,000
- Price per unit
- $98,571
- Price per sq ft
- $110
- Gross rent / year
- $92,400avg rent × units
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 13.4%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 7
- Unit mix
- 7-unit multifamily property
- Buildings
- Not stated
- Year built
- 1948
- Building size
- 6,300 sq ft
- Avg unit size
- 900 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 20, 2026
- Days on market
- 130 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 23, 2026: $695K → $690K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1299
About this property
Investor's Dream! Turnkey Property with Immediate Cash Flow A rare opportunity to own a 7-unit multifamily property that is fully occupied, with each unit currently rented for $1,100 per month and significant potential for rent increases this summer. This low-maintenance, high-yield investment offers turnkey convenience and a prime location for continued growth. Property Highlights: A+ Rehab Completed in 2017: All units gutted down to the studs and renovated with quality finishes. Modern Upgrades: New double-pane low-E windows, updated sheetrock, flooring, and doors. Permitted by the City of Houston. Unit Details: Each 2-bedroom, 1-bath unit includes stainless/black appliances, granite countertops, refrigerator, dishwasher, microwave, garbage disposal, and stackable washer/dryer. Individual Utilities: Each unit is individually metered for electricity and water. Ample Land: Enough space to build 3 additional units, expanding income potential further.
Location
Approximate area. The exact address is shared on request.
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