MULTIFAMILYRADAR
7-Unit Multifamily in Houston, TX, photo 1
$380,000

7-Unit Multifamily in Houston, TX

TX · listed Jan 9, 2025 (657 days)

Price per unit compared
This property$54K
Within ~40 mi (293)$96K
Texas median (1,196)$92K
$/unit
$54,286
▼ 41% vs TX · 18th pct
Cap rate
—
 
Gross yield
—
 
Units
7
1945

Financials

Asking price
$380,000
Price per unit
$54,286
Price per sq ft
$93
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
1945
Building size
4,066 sq ft
Avg unit size
581 sq ft
Lot size
Not stated
Condition
Not stated

Deal terms

Owner financing
Not stated

Listing

Listed
Jan 9, 2025
Days on market
657 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1972

About this property

Attention all Real Estate Entrepreneurs looking for your next MULTI-FAMILY PROJECT! Unlock its potential for great CASHFLOW! JUST 2 MILES FROM DOWNTOWN HOUSTON and a short walk to the Metro Rail/Bus Station, This property is strategically positioned to capitalize on the thriving rental market. This Craftsman-built 2 story structure is 4066 sf. The 1st floor features 5 bedrooms, huge living/dining rooms, kitchen, laundry room, and one full bath. Upstairs has a separate entrance and the 6 rental units share 2 bathrooms with showers, a kitchen, and a big balcony. Keep it as is for immediate cashflow, house hack, or let your imagination be your guide. Redevelop it into 2 to 4 luxury rental units or take advantage of the 1000s of residential neighbors by making it a mixed use retail below and rental above. Close to great restaurants, entertainment, and everything downtown including quick access to all the major highways to get you where you need to go. Make your appointment today.

Location

Approximate area. The exact address is shared on request.

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