MULTIFAMILYRADAR
8-Unit Multifamily in Houston, TX, photo 11 / 19
Stabilized
$1,225,000

8-Unit Multifamily in Houston, TX

Harris County, TX · listed Apr 24, 2025 (552 days)

Price per unit compared
This property$153K
Within ~40 mi (250)$98K
Texas median (1,029)$100K
$/unit
$153,125
▲ 53% vs TX · 75th pct
Cap rate
4.6%
▼ 2.7 pts vs TX median
NOI
$57K
$7,088/unit/yr
Units
8
2 bldg · 1984

Financials

Asking price
$1,225,000
Price per unit
$153,125
Price per sq ft
$149
Gross rent / year
Not stated
Net operating income
$56,700
NOI per unit
$7,088
Cap rate
4.6%
Gross yield
Not stated
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
Not stated
Buildings
2
Year built
1984
Building size
8,244 sq ft
Avg unit size
1,031 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Apr 24, 2025
Days on market
552 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1746

About this property

Introducing Cole Creek Estates, an exceptional 8-unit multifamily investment opportunity located at (address on request), Houston, TX 77092. This well-maintained property offers investors a chance to secure reliable cash flow and long-term value in a prime location near Hwy 290 and Loop 610 in Houston. Each unit features a charming fireplace, adding warmth and appeal for residents, and the property, although not recently modernized, is in excellent condition with consistent care. Benefiting from a history of stable, long-term tenants, Cole Creek Estates delivers steady income with minimal turnover. Situated in a high-growth corridor of Houston, this asset caters to a diverse demographic, with its close proximity to popular amenities ensuring ongoing demand. Ideal for both seasoned investors and first-time buyers in multifamily real estate, don't miss this opportunity to acquire a valuable asset in a sought-after community.

***Please do not approach or contact tenants, all tours are accompanied and are scheduled in advance***

Multifamily | 8 Units | Reliable Cash Flow and Long-Term Value

Highlights

  • All 8 Units Feature Fireplaces
  • Fully Occupied with Stable, Long-Term Tenants
  • Prime Location Near Hwy 290 & Loop 610
  • Well-Maintained Asset in a Quiet Community

Location

Approximate area. The exact address is shared on request.

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