1 / 9Value-add
$1,250,000
8-Unit Multifamily in Houston, TX
Harris County, TX · listed Mar 18, 2026 (223 days)
Price per unit compared
This property$156K
Within ~40 mi (254)$101K
Texas median (1,029)$100K
- $/unit
- $156,250
- ▲ 56% vs TX · 76th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 8
- 1 bldg · 1960
Financials
- Asking price
- $1,250,000
- Price per unit
- $156,250
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 80%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1960
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 18, 2026
- Days on market
- 223 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1631
About this property
Great potential for this multi-family property for redevelopment, rebuild, remodel in Montrose/ Museum District/ St Thomas University area.
Redevelopment/ Montrose/ Museum District/ St. Thomas University area
Highlights
80% occupied, income property. Can be rebuilt, upgraded, remodeled, and redeveloped.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Houston, TXValue-add | $2.6M | $173K$173K | 5.7% |
 Houston, TXValue-add | $1.57M | $197K$197K | — |
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 Houston, TXNewStabilized | $1.6M | $267K$267K | — |
 Houston, TX▼ 8% cut | $1.15M | $192K$192K | — |
 Houston, TXNewValue-add | $1.8M | $257K$257K | — |