MULTIFAMILYRADAR
8-Unit Multifamily in Houston, TX, photo 11 / 14
Stabilized
$750,000

8-Unit Multifamily in Houston, TX

Harris County, TX · listed May 20, 2026 (161 days)

Price per unit compared
This property$94K
Within ~40 mi (255)$100K
Texas median (1,029)$100K
$/unit
$93,750
▼ 6% vs TX · 44th pct
Cap rate
7.7%
▲ 0.4 pts vs TX median
NOI
$58K
$7,218/unit/yr
Units
8
2 bldg · 1946

Financials

Asking price
$750,000
Price per unit
$93,750
Price per sq ft
$172
Gross rent / year
$76,200
Net operating income
$57,741
NOI per unit
$7,218
Cap rate
7.7%
Gross yield
10.2%gross rent ÷ price
Occupancy
100%

As stated by the seller. Verify during due diligence.

Building

Units
8
Unit mix
eight identical 1-Bed/1-Bath units
Buildings
2
Year built
1946
Building size
4,368 sq ft
Avg unit size
546 sq ft
Lot size
Not stated
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
May 20, 2026
Days on market
161 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1922

About this property

Unlocking Bankable Cash Flow in Houston’s Historic East End

Welcome to (address on request), a highly efficient, fully occupied 8-plex sitting directly in the path of progress in Houston's booming Greater East End footprint. While the curent urban investment landscape is currently flooded with high-overhead hospitality bets and under-performing short-term rentals, this asset stands out as a true, long-term, stabilized multifamily cash flow.

Boasting an actual NOI of $57,741, this asset offers a low-risk position inside the Loop. The property features high-ticket capital expenditures already handled by the seller, including a recent roof, replaced water main lines, updated attic insulation.

Operationally, the property is a dream value-add canvas. With room for cosmetic updates to increase equity and the building's overall net operating yield.

Situated in the transitioning urban infill pocket of Magnolia Park, residents enjoy effortless access to the transit arteries of Downtown Houston, the thriving commercial corridors of EaDo, and the massive tenant bases of the University of Houston and the Port of Houston. This 8-plex represents the sweet spot for immediate, reliable mailbox money today and long-term land value appreciation tomorrow.

Magnolia Park/EaDo Infill Path of Progress

Highlights

100% Occupied, Bankable Net Operating Income: Secure immediate, stabilized cash flow with a verified actual NOI of $57,741. Unlike high-vacancy assets or unstable short-term rental plays, this property offers a consistent, predictable long-term tenant structure inside the Loop.

Major Capital Infrastructure Upsates: Minimize your day-one maintenance expenses and protect your yield.

  • New Roof in 2024
  • New Water Mains 2024
  • New Attic Insulation 2026
  • New Fence

8-Unit Advantage: Falling into true commercial multifamily scale, an 8-plex absorbs vacancy shocks significantly better than 4-plexes or 5-plexes. A single vacancy represents only a 12.5% structural swing

Prime Location: Positioned perfectly in the high-demand Magnolia Park / Greater East End submarket. The property offers tenants quick proximity to the core of EaDo, Downtown Houston, the University of Houston, and major expressways (I-45, I-10, 610 Loop).

Location

Approximate area. The exact address is shared on request.

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