High yieldStabilized
$499,000
7-Unit Multifamily in Houston, TX
TX · listed Sep 1, 2026 (57 days)
Price per unit compared
This property$71K
Within ~40 mi (270)$95K
Texas median (1,196)$92K
- $/unit
- $71,286
- ▼ 23% vs TX · 33rd pct
- Cap rate
- —
- NOI
- $32K
- $4,557/unit/yr
- Units
- 7
- 1935
Financials
- Asking price
- $499,000
- Price per unit
- $71,286
- Price per sq ft
- $162
- Gross rent / year
- $60,500
- Net operating income
- $31,900
- NOI per unit
- $4,557
- Cap rate
- Not stated
- Gross yield
- 12.1%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 7
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1935
- Building size
- 3,074 sq ft
- Avg unit size
- 439 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 1, 2026
- Days on market
- 57 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1564
About this property
Opportunity to acquire a fully occupied 7-unit multifamily investment consisting of residential units located across 2232, 2234, 2236 and (address on request) The properties provide immediate in-place cash flow. Based on January through July 2026 operations, the portfolio is generating approximately $60,500 in annualized rental income and approximately $31,900 in annualized NOI. Investment Highlights: 100% occupied 7 units Immediate in-place cash flow Established operating history
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TX | $1.8M | $257K$257K | — |
 Houston, TXNewNew construction | $1.35M | $225K$225K | — |
 Houston, TXNew | $1.4M | $74K$74K | — |
 Houston, TXHigh yield | $2.1M | $191K$191K | 10.4% |
 Houston, TXOwner financingStabilized | $1.65M | $150K$150K | 6.5% |
 Houston, TXNewStabilized | $1.35M | $270K$270K | — |