7-Unit Multifamily in Houston, TX
TX · listed Nov 6, 2025 (356 days)
▼ Reduced 8.3% on Oct 28, 2026, was $599,000
- $/unit
- $78,429
- ▼ 22% vs TX · 30th pct
- Cap rate
- 6.9%
- ▼ 0.4 pts vs TX median
- NOI
- $38K
- $5,395/unit/yr
- Units
- 7
- 3 bldg · 1940
Financials
- Asking price
- $549,000
- Price per unit
- $78,429
- Price per sq ft
- $75
- Gross rent / year
- Not stated
- Net operating income
- $37,763
- NOI per unit
- $5,395
- Cap rate
- 6.9%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 7
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 1940
- Building size
- 7,343 sq ft
- Avg unit size
- 1,049 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Available
Listing
- Listed
- Nov 6, 2025
- Days on market
- 356 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 28, 2026: $599K → $549K
- Location
- Approximate (~0.5 mi)
- Listing #
- 2223
About this property
Welcome to 1414 Campbell & 2218–2220 Chapman, a distinctive seven-unit mixed-use property offering over 7,000 square feet of improvements on a 10,000-square-foot lot in the heart of Houston’s thriving Near Northside. This unique asset combines residential versatility with commercial potential—perfect for investors, house-hackers, or owner-operators seeking steady income and long-term appreciation in one of the city’s most rapidly developing neighborhoods.
The property features a diverse unit mix that enhances income flexibility and minimizes vacancy risk: 1 - Duplex with 2 - 1 Bed 1 Bathroom Units; 1 Garage + Garage Apartment 1 Bed/ 1 Bath; and a Massive 4 Unit Complex, with a retail storefront at it’s base, 2 - 1 Bed 1 Bath apartments, and a spacious 2 Bedroom 1 ½ Bath Unit in the back.
Each unit is individually metered for electricity and gas, streamlining management and tenant billing. The property operates on a single water meter, with tenants reimbursing the landlord $25 per person per month.
Currently in lease-up, the property is projected to achieve approximately $6,200 in monthly income, with after-renovation rent potential exceeding $9,000+ per month—providing substantial upside for investors focused on repositioning or value-add opportunities.
Strategically located in Near Northside, residents benefit from walkable access to local amenities, public transit, and nearby landmarks such as White Oak Station, St. Arnold Brewing Company, and the Heights Hike & Bike Trail. The property sits just five minutes from Downtown Houston, near Northside High School and all major freeways, offering seamless connectivity to the entire Inner Loop.
With its central location, strong rental demand, and flexible mixed-use layout, 1414 Campbell & 2218–2220 Chapman stands out as a prime investment opportunity in one of Houston’s most active redevelopment corridors. Whether you’re seeking immediate cash flow, future appreciation, or a hybrid live-work setup, this property delivers unmatched potential. Contact us today to explore this exceptional opportunity and unlock its full value.
Seller Financing Available
Highlights
7-Unit Mixed-Use Property | 7343 SF Improvements on 10,000 SF Lot
- Diversified unit mix including residential and retail spaces—ideal for both traditional investors and owner-operators.
Strong Cash Flow & Upside Potential
- Current projected rents of $6,200 / month, with Pro-Forma rent potential exceeding $9,000 / month after stabilization and light value-add improvements.
Flexible Unit Composition
- (2) 1 Bed / 1 Bath Duplex Units
- (2) 1 Bed / 1 Bath Apts Above Retail
- (1) 2–3 Bed / 1.5 Bath Single-Family Home
- (1) Retail Storefront (Owner-User or Leasable)
- (1) Garage Apartment Behind Gated Driveway
Low-Maintenance Operations
- Each unit separately metered for electric & gas; one shared water meter with tenant reimbursement ($25 / person / month).
Prime Near Northside Location
- Rapidly redeveloping area surrounded by new townhomes, commercial projects, and community investments—minutes from Downtown Houston, The Heights, and White Oak Station.
Excellent Connectivity
- Quick access to I-45, I-10, and US-59, with nearby MetroRail stations and local schools.
Value-Add & Repositioning Opportunity
- Cosmetic and operational improvements can significantly enhance rental income and property value.
Mixed-Use Zoning Flexibility
- Allows residential, short-term, or commercial use, expanding potential revenue streams.
Emerging Market Growth
- Near Northside has seen double-digit property appreciation over the past 5 years, with strong demand from renters and investors seeking proximity to Downtown.
Apart of a larger portfolio sale, contacting listing agent for more information.
Seller Financing Available
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 | — |
 Houston, TX▼ 7% cutHigh yieldValue-add | $789K | $49K$49K | 9.6% |
 Houston, TXNewStabilized | $1.8M | $180K$180K | — |
 Houston, TXStabilized | $996K | $71K$71K | — |