$1,800,000
7-Unit Multifamily in Houston, TX
TX · listed Jun 30, 2025 (485 days)
Price per unit compared
This property$257K
Within ~40 mi (270)$94K
Texas median (1,196)$92K
- $/unit
- $257,143
- ▲ 179% vs TX · 92nd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 7
- 1960
Financials
- Asking price
- $1,800,000
- Price per unit
- $257,143
- Price per sq ft
- $310
- 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
- 1960
- Building size
- 5,800 sq ft
- Avg unit size
- 829 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 30, 2025
- Days on market
- 485 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2053
About this property
This commercial property at 511 Gulf Bank presents an exceptional opportunity for investors seeking to leverage current tenants and future expansion potential. Spanning over 4.5 acres, this prime location is perfect for developing a commercial building. With multiple detached dwellings and a metal shop totaling over 6,000 square feet of space, this multi-family property offers ample room for growth. The property sits on a 2 spacious lots measuring 196,590 square feet. Don't miss this chance to own a lucrative commercial property in a highly desirable area.
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXNew | $1.4M | $74K$74K | — |
 Houston, TXNewStabilized | $1.35M | $270K$270K | — |
 Houston, TXNewNew construction | $1.35M | $225K$225K | — |
 Houston, TXNewStabilized | $1.25M | $250K$250K | — |
 Houston, TXHigh yieldStabilized | $499K | $71K$71K | 12.1%gy |
 Houston, TXValue-add | $850K | $106K$106K | — |