1 / 2High yieldValue-add
$795,000
8-Unit Multifamily in Dickinson, TX
Galveston County, TX · listed Sep 7, 2022 (1,512 days)
Price per unit compared
This property$99K
Within ~40 mi (260)$95K
Texas median (1,196)$92K
- $/unit
- $99,375
- ▲ 8% vs TX · 54th pct
- Cap rate
- 9.4%
- ▲ 2.0 pts vs TX median
- NOI
- $75K
- $9,357/unit/yr
- Units
- 8
- 3 bldg · 1970
Financials
- Asking price
- $795,000
- Price per unit
- $99,375
- Price per sq ft
- $133
- Gross rent / year
- Not stated
- Net operating income
- $74,854
- NOI per unit
- $9,357
- Cap rate
- 9.4%
- Gross yield
- Not stated
- Occupancy
- 88%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- (5) 2BR/1BA, (1) 3BR/1BA, (1) 1BR/1BA and (1) 2 BR/1.5BA units
- Buildings
- 3
- Year built
- 1970
- Building size
- 5,970 sq ft
- Avg unit size
- 746 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 7, 2022
- Days on market
- 1,512 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1346
About this property
The subject property is an 8-unit income producing property located on Central Street in Dickinson, TX. Currently 88% occupied and recently renovated, the property consists of (5) 2BR/1BA, (1) 3BR/1BA, (1) 1BR/1BA and (1) 2 BR/1.5BA units. Close proximity to Highway 3, FM 517 and I-45.
Multi-family
Highlights
Close proximity to Highway 3
Zoned: CR - Conventional Residential
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Dickinson, TXHigh yieldStabilized | $900K | $69K$69K | 8.5% |
 League City, TXStabilized | $1.3M | $118K$118K | — |
 League City, TX▼ 2% cutValue-add | $1.76M | $110K$110K | 6.8% |
 Kemah, TX | $2M | $286K$286K | — |
 Bacliff, TXStabilized | $3.5M | $292K$292K | — |
 Bacliff, TXNew | $4.5M | $750K$750K | — |