$349,999
8-Unit Multifamily in Houston, TX
Harris County, TX · listed May 30, 2024 (881 days)
Price per unit compared
This property$44K
Within ~40 mi (275)$99K
Texas median (1,196)$92K
- $/unit
- $43,750
- ▼ 53% vs TX · 10th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 8
- 2 bldg · 1960
Financials
- Asking price
- $349,999
- Price per unit
- $43,750
- Price per sq ft
- $139
- 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
- two units and each with 2 bedrooms 1 bath
- Buildings
- 2
- Year built
- 1960
- Building size
- 2,520 sq ft
- Avg unit size
- 315 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 30, 2024
- Days on market
- 881 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2056
About this property
A great investment opportunity in the heart of Third Ward Houston. Located in a prime area, this is an ideal multi-family investment. Direct access to Downtown Houston and all major roads and highways within minutes. Each building consists of two units and each with 2 bedrooms 1 bath. Parking is available onsite in front of the buildings. (address on request) # 2 and (address on request) #1 are occupied. Please do not disturb tenants!
Multifamily | 8 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Houston, TXHigh yieldValue-add | $1.09M | $91K$91K | 9.3% |
 Houston, TX▼ 1% cutValue-add | $1.11M | $185K$185K | — |
 Houston, TXValue-add | $899K | $150K$150K | — |
 Houston, TXOwner financing | $950K | $158K$158K | — |
 Houston, TXHigh yieldStabilized | $850K | $57K$57K | 5.8% |
 Houston, TXHigh yieldStabilized | $675K | $135K$135K | 10% |