
7-Unit Multifamily in Houston, TX
TX · listed Jan 9, 2025 (657 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TXNew | $725K | $145K$145K | — |
Houston, TXNewStabilized | $549K | $78K$78K | — |
Houston, TX | $1.1M | $157K$157K | — |
▼ 7% cutHigh yieldValue-add | $789K | $49K$49K | 9.6% |
Houston, TXValue-add | $325K | $15K$15K | — |
Houston, TXNewStabilized | $1.8M | $180K$180K | — |




