Multifamily Property for Sale in Houston, TX

  • Price: $285K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77091
  • Size: 1,419 SF
  • Year built: 1940

Description

Great opportunity to own a duplex with two separate bungalow homes and a large warehouse (32' X 24') in the back. Both homes have been completed renovated and ready to rented. Property can also be used for a small business that may have use for a warehouse. Upgrades to both homes in 2022: new interior paint, new exterior paint, new wood fence, new attic insulation, new vinyl flooring, new tile flooring, new plumbing, new HVAC units with 14 seer condensers, new air ducts, new roof, upgraded bathrooms with new cabinetry, new tub, new shower, new granite countertops, new toilets, new breaker boxes, new plumbing fixtures, new kitchen cabinets, new stoves, new microwaves, exterior includes new siding, new doors, and new exterior paint. Building SF: 1419 | Land Size: 7950.0 SF | Year Built: 1940 | Listing Type: FOR SALE

Market Context

This multifamily in Houston, TX is listed for sale at $285,000 across 1,419 SF. The building dates to 1940. It has been on the market for 39 days. Compare it against other multifamily listings for sale in Houston, TX — <a href="/search/sale/multifamily/texas/houston">view the full market</a>.

As of Q1 2026, the Houston multifamily market showed average asking rents near $1400.00/unit/mo, rents up 9.2% year over year, and cap rates around 4.8%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Houston?
About 4.8% as of Q1 2026, per Consensus.

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