1 / 308-Unit Multifamily in Houston, TX
Harris County, TX · listed Jun 16, 2026 (134 days)
- $/unit
- $156,250
- ▲ 56% vs TX · 76th pct
- Cap rate
- 6.3%
- ▼ 1.0 pts vs TX median
- NOI
- $79K
- $9,926/unit/yr
- Units
- 8
- 5 bldg · 1950
Financials
- Asking price
- $1,250,000
- Price per unit
- $156,250
- Price per sq ft
- $197
- Gross rent / year
- Not stated
- Net operating income
- $79,405
- NOI per unit
- $9,926
- Cap rate
- 6.3%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 5
- Year built
- 1950
- Building size
- 6,360 sq ft
- Avg unit size
- 795 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 16, 2026
- Days on market
- 134 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1180
About this property
Centrally located INCOME PRODUCING 8 unit asset. Excellent opportunity for investors seeking CASH FLOW! The fully gated (5 gates) property includes units with long term leases in place and shor term (airbnb) rentals. Furniture, appliances and accessories shown in units A-D photos will convey with the sale. New owner can easily continue with short term rentals or offer CORPORATE HOUSING. Property provides investors with a great opportunity to acquire a STABILIZED ASSET with immediate upside potential. 2 vacant lots also included with sale. One vacant lot has direct access to Griggs Rd. Great opportunity to build additional multi family homes. Easy access to IH-45 and I-610 to Houston's central business districts and the broader metro area. Rent roll and list of upgrades in documents. Schedule your showing today!
8 Unit INCOME PRODUCING Multi Family in Houston, Tx
Highlights
*Centrally Located
*Income Producing
*Fully Furnished
*Fully Gated Property
*2 Vacant lots included with sale
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXNewOwner financingStabilized | $3M | $167K$167K | 5.3% |
 Houston, TX▼ 3% cutValue-add | $600K | $67K$67K | — |
 Houston, TXHigh yieldValue-add | $1.65M | $103K$103K | 7.3% |
 Houston, TXHigh yieldValue-add | $2M | $91K$91K | 7.3% |
 Houston, TX | $1.75M | $88K$88K | — |
 Houston, TXValue-add | $1M | $83K$83K | — |