MULTIFAMILYRADAR
7-Unit Multifamily in Houston, TX, photo 11 / 30
▼ 1% cutHigh yieldStabilized
$690,000

7-Unit Multifamily in Houston, TX

TX · listed Jun 20, 2026 (130 days)

▼ Reduced 0.7% on Oct 23, 2026, was $695,000

Price per unit compared
This property$99K
Within ~40 mi (270)$100K
Texas median (1,029)$100K
$/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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