1 / 28-Unit Multifamily in Splendora, TX
Montgomery County, TX · listed Jun 19, 2026 (131 days)
▼ Reduced 19% on Oct 12, 2026, was $525,000
- $/unit
- $53,125
- ▼ 42% vs TX · 15th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 8
- 1980
Financials
- Asking price
- $425,000
- Price per unit
- $53,125
- Price per sq ft
- $474
- 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
- Not stated
- Buildings
- Not stated
- Year built
- 1980
- Building size
- 896 sq ft
- Avg unit size
- 112 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jun 19, 2026
- Days on market
- 131 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Oct 12, 2026: $525K → $425K
- Location
- Approximate (~0.5 mi)
- Listing #
- 1801
About this property
Property Description
Don't miss this unique chance to own an 8-unit mobile home portfolio, one being in an area where new mobile home parks are no longer permitted, making opportunities like this increasingly rare and highly desirable. With active tenants already in place, this property offers immediate income potential and a strong foundation for future improvements. The portfolio includes multiple units with upside potential, making it an ideal opportunity for investors looking to increase cash flow through renovations and property enhancements. Several homes could benefit from updates, providing the perfect chance to implement a strategic improvement plan. Whether you're expanding an existing portfolio or entering the mobile home park investment sector, this one-of-a-kind property offers a combination of current occupancy, long-term demand, and limited future competition due to zoning restrictions in the Splendora area. Schedule your showing today!
Location Description
Located in the growing Splendora/Cleveland market with convenient access to US-59/I-69, FM 2090, and Interstate 45, supporting regional connectivity throughout Montgomery and Liberty Counties.
8 Unit Portfolio - Existing Mobile Home Park!
Highlights
- Income-Producing Manufactured Housing Units
- 4 active tenants
- Rare Opportunity in an Area Restricting New Mobile Home Park Development
- Two Locations Across Splendora and Cleveland Markets
- Established Asset with Long-Term Investment Potential
- Limited Future Competition Due to Development Restrictions
- Scalable Investment with Built-In Occupancy and Upside Potential
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Splendora, TXNew | $875K | $125K$125K | — |
| New Caney, TX New | $200K | $33K$33K | — |
 New Caney, TXStabilized | $650K | $93K$93K | — |
 New Caney, TXStabilized | $725K | $121K$121K | — |
 New Caney, TX▼ 11% cut | $200K | $40K$40K | — |
 Cleveland, TXValue-add | $1.29M | $93K$93K | — |