7-Unit Multifamily in Houston, TX
Harris County, TX · listed Feb 24, 2026 (245 days)
- $/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.
Similar buildings nearby
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Houston, TXValue-add | $1.5M | $150K$150K | — |
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Houston, TXStabilized | $850K | $121K$121K | — |
Houston, TXStabilized | $4.6M | $256K$256K | 6.7% |
Houston, TXStabilized | $1.1M | $157K$157K | — |





