1 / 2High yieldValue-add
$425,000
8-Unit Multifamily in Houston, TX
Harris County, TX · listed Jul 28, 2025 (457 days)
Price per unit compared
This property$53K
Within ~40 mi (293)$96K
Texas median (1,196)$92K
- $/unit
- $53,125
- ▼ 42% vs TX · 15th pct
- Cap rate
- 12.6%
- ▲ 5.2 pts vs TX median
- NOI
- $50K
- $6,273/unit/yr
- Units
- 8
- 1 bldg · 1948
Financials
- Asking price
- $425,000
- Price per unit
- $53,125
- Price per sq ft
- $142
- Gross rent / year
- Not stated
- Net operating income
- $50,181
- NOI per unit
- $6,273
- Cap rate
- 12.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1948
- Building size
- 2,992 sq ft
- Avg unit size
- 374 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 28, 2025
- Days on market
- 457 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1203
About this property
An amazing investment opportunity for a stabilized 8-unit right across the street from 5th ward which is riddled with new construction, making it an incredible area to buy in.
Multifamily | 8 Units | $50,000/unit
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXNewStabilized | $1.8M | $180K$180K | — |
 Houston, TXOwner financingStabilized | $2.85M | $89K$89K | — |
 Houston, TXHigh yieldStabilized | $715K | $143K$143K | 10.1% |
 Houston, TXHigh yieldStabilized | $800K | $80K$80K | 10% |
 Houston, TX▼ 7% cutHigh yieldValue-add | $789K | $49K$49K | 9.6% |
 Houston, TXHigh yieldValue-add | $850K | $77K$77K | 14.9%gy |