1 / 198-Unit Multifamily in Houston, TX
Harris County, TX · listed Apr 24, 2025 (552 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Houston, TX | $675K | $135K$135K | — |
Houston, TX | $2M | $118K$118K | — |
Houston, TXNew▼ 8% cutValue-add | $1.85M | $109K$109K | 6% |
Houston, TX | $1.7M | $170K$170K | — |
Houston, TX▼ 4% cutStabilized | $1.68M | $120K$120K | — |
Houston, TXNew | $2.95M | $268K$268K | — |





