Multifamily Property for Sale in Houston, TX

  • Price: $380K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77009
  • Size: 1,564 SF
  • Year built: 1935

Description

Marketing Description Prime Commercial Property: Immediate Income, Unlimited Potential! Investors, Builders, Developers - seize the opportunity! This property, located in the Northside Neighborhood just inside the 610 Loop, offers a prime location with no restrictions or HOA fees. It features an existing home for instant investment income. Minutes from Downtown and University of Houston Downtown, with easy access to major transportation routes, including Metro rail and highways. Perfect for commercial, residential, or mixed-use ventures. Act now to unlock the potential of this strategically positioned property! Building SF: 1564 | Land Size: 6848.0 SF | Year Built: 1935 | Listing Type: FOR SALE

Market Context

This multifamily in Houston, TX is listed for sale at $380,000 across 1,564 SF. The building dates to 1935. It has been on the market for 38 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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