MULTIFAMILYRADAR
7-Unit Multifamily in Houston, TX, photo 11 / 2
High yieldStabilized
$1,389,000

7-Unit Multifamily in Houston, TX

Harris County, TX · listed Feb 24, 2026 (245 days)

Price per unit compared
This property$198K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
$/unit
$198,429
▲ 115% vs TX · 86th pct
Cap rate
9.6%
▲ 2.2 pts vs TX median
NOI
$144K
$20,505/unit/yr
Units
7
2 bldg · 1955

Financials

Asking price
$1,389,000
Price per unit
$198,429
Price per sq ft
$228
Gross rent / year
Not stated
Net operating income
$143,533
NOI per unit
$20,505
Cap rate
9.6%
Gross yield
Not stated
Occupancy
95%

As stated by the seller. Verify during due diligence.

Building

Units
7
Unit mix
Not stated
Buildings
2
Year built
1955
Building size
6,097 sq ft
Avg unit size
871 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Feb 24, 2026
Days on market
245 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1943

About this property

This owner-operated cash-flowing multifamily property is currently being run as a short-term rental and presents a great opportunity for investors looking to expand their investment portfolio. This asset comprises two free-standing buildings: one meticulously remodeled into three units and another constructed with four sleek, modern units. This property comes fully equipped with all furniture, fixtures, and equipment, making this a cash-flowing asset from day one of ownership. Located in a prime area, this property is just minutes away from Houston’s top hotspots, including Montrose, Midtown, and Downtown Houston. Its desirable location ensures strong demand from both short-term and long-term renters, maximizing its income potential. In 2025, this property generated a net operating income (NOI) of $143,533, highlighting its strong financial performance. Beyond its current success, there is an opportunity to add two additional units, with an additional pro forma income of $50,000/year. This value-add

Exceptional opportunity delivering consistent cash flow and strong long-term growth potential

Highlights

  • Income-Generating Multifamily: Established and profitable, generating $18,241/month in Airbnb income NOI of $143,533 in 2025
  • Value-Add Opportunity: Opportunity to add two additional units, increasing revenue potential and profitability
  • Vacancy Rate: Currently maintaining a low vacancy rate of just 10% Prime Location: Situated in the heart of Houston, Texas, with proximity to the Medical Center, Houston Zoo, University of Houston, Memorial Park, Galleria, and Downtown Houston
  • Fully Furnished: The entire property is furnished with modern furniture, ready for immediate occupancy
  • On-Site Amenities: Great value-add amenities for guests, including assigned parking, a communal laundry room with two washers and two dryers, a fire pit, and a BBQ area
  • Turnkey Investment: No major renovations or maintenance required--starting earning and generating cash flow from day one

Location

Approximate area. The exact address is shared on request.

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