8-Unit Multifamily in Houston, TX
Harris County, TX · listed Jul 19, 2024 (831 days)
- $/unit
- $93,750
- ▲ 2% vs TX · 51st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 8
- 2 bldg · 1964
Financials
- Asking price
- $750,000
- Price per unit
- $93,750
- Price per sq ft
- $155
- 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
- 8
- Unit mix
- four two-bedroom units and four one-bedroom units
- Buildings
- 2
- Year built
- 1964
- Building size
- 4,832 sq ft
- Avg unit size
- 604 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 19, 2024
- Days on market
- 831 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1443
About this property
Eight-unit multifamily investment opportunity consisting of four two-bedroom units and four one-bedroom units. The property received a comprehensive interior renovation in 2023, including new cabinets, flooring, paint, doors, tubs, toilets, and tile throughout the units, providing a solid foundation for continued operation and future improvements. Major capital items have been addressed, with roofs replaced in 2020 and HVAC systems updated in 2019. The property is currently 7 of 8 units occupied, with several long-term tenants in place, supporting consistent in-place income while allowing an investor the ability to implement rent growth and operational improvements over time. This asset presents an attractive opportunity for an investor seeking existing cash flow with value-add potential, supported by recent renovations and updated major systems, while still offering room to further enhance performance.
Multifamily | 8 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
High yieldValue-add | $300K | $17K$17K | 75.6%gy |
Houston, TX | $475K | $68K$68K | — |
Houston, TXHigh yieldStabilized | $1M | $100K$100K | 12.3%gy |
Houston, TXNewStabilized | $1.2M | $120K$120K | — |
High yieldValue-add | $850K | $77K$77K | 14.9%gy |
Houston, TXStabilized | $996K | $71K$71K | — |



