MULTIFAMILYRADAR
7-Unit Multifamily in Houston, TX, photo 1
Value-add
$498,000

7-Unit Multifamily in Houston, TX

TX · listed May 31, 2026 (150 days)

Price per unit compared
This property$71K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
$/unit
$71,143
▼ 23% vs TX · 33rd pct
Cap rate
—
 
Gross yield
—
 
Units
7
1930

Financials

Asking price
$498,000
Price per unit
$71,143
Price per sq ft
$215
Gross rent / year
Not stated
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
Not stated
Occupancy
Not stated

As stated by the seller. Verify during due diligence.

Building

Units
7
Unit mix
Not stated
Buildings
Not stated
Year built
1930
Building size
2,312 sq ft
Avg unit size
330 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
May 31, 2026
Days on market
150 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1956

About this property

Income-producing investment property with exceptional upside potential and no HOA or restrictions. This property features six separate water meters and six separate electric meters, with the electrical recently updated. Two central A/C units have also been replaced recently. The front building has been freshly painted and includes two units, each offering 2 bedrooms and 1 bathroom. The back building includes four additional units: one 2-bedroom, 1-bath unit, one 1-bedroom, 2-bath unit, and two 1-bedroom, 1-bath units. There is also a bonus office with a bathroom that may be converted into an additional rental unit, creating the potential for seven rentable units. Several tenants have been in place for over five years, providing a stable income stream. A rare opportunity to acquire a multi-unit property with strong cash flow, value-add potential, and long-term appreciation prospects. Total Vacant Units: 3 All other units occupied. Please contact your realtor for more info

Location

Approximate area. The exact address is shared on request.

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