7-Unit Multifamily in New Caney, TX
Montgomery County, TX · listed Jul 27, 2026 (92 days)
- $/unit
- $92,857
- ▲ 1% vs TX · 50th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 7
- 3 bldg · 2003
Financials
- Asking price
- $650,000
- Price per unit
- $92,857
- Price per sq ft
- $172
- 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
- three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, a duplex with two 2-bedroom/1-bath units, and a detached 1-bedroom/1-bath residence
- Buildings
- 3
- Year built
- 2003
- Building size
- 3,774 sq ft
- Avg unit size
- 539 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 27, 2026
- Days on market
- 92 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1665
About this property
Turnkey income-producing opportunity featuring seven units across three separate buildings! The property includes a fourplex with three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, a duplex with two 2-bedroom/1-bath units, and a detached 1-bedroom/1-bath residence.
Each unit offers washer and dryer connections, a stove, microwave, refrigerator, and window A/C units. As units become vacant, the owner refreshes them with new interior paint and replaces carpeting with attractive, low-maintenance laminate flooring—helping create clean, updated spaces for incoming tenants.
Water and electricity are owner-paid for the fourplex and duplex, while the detached residence is separately metered and tenant-paid. Two buildings received new roofs in October 2024, and the third roof is approximately 10 years old. Additional highlights include durable HardiePlank-style siding, asphalt paving, ample open parking, and no HOA.
With a desirable mix of one- and two-bedroom units, ongoing interior improvements, and multiple income streams, this property offers an exciting opportunity to add a versatile multifamily asset to your investment portfolio!
Multifamily | 7 Unit
Highlights
Recent Roof Upgrades
Interior Upgrades
Never Flooded
Ample Parking
No HOA
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| New Caney, TX New | $200K | $33K$33K | — |
 New Caney, TX▼ 11% cut | $200K | $40K$40K | — |
 Splendora, TXNew | $875K | $125K$125K | — |
 Porter, TXStabilized | $1.09M | $122K$122K | — |
 Splendora, TX▼ 19% cutValue-add | $425K | $53K$53K | — |
 New Caney, TXStabilized | $725K | $121K$121K | — |