Multifamily Property for Sale in Katy, TX

  • Price: $3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Katy, TX 77493

Description

Property Overview: Land Development Opportunity in Katy, TX. 1,800sf SFR on a +/-8.4 Acre Lot. Utilities being brought to site in conjunction with new road: water, sewer, electricity. Unrestricted Land: No easements or pipelines to impede development. Flood Zone-Free: Safe from flooding, ensuring peace of mind for future projects. This prime tract of land offers a clean slate for a variety of uses. Located near the 4-way intersection of Katy Hockley Rd & Stockdick School Rd, with frontage along Katy Hockley Rd. Neighboring 10 acres is available For Sale as well. Location Overview: Just 30 miles west of Houston and part of the Energy Corridor, Katy is rapidly expanding while retaining its unique country feel. Known for its rich history and high quality of life, Katy offers beautiful neighborhoods, master-planned communities, and extensive green spaces. The city is celebrated for its excellent schools and supportive business environment, making it an attractive place for professionals, families, and businesses alike. Highlights: Unrestricted Land: No easements or pipelines to impede development. This prime tract of land offers a clean slate for a variety of uses. Utilities being brought to site in conjunction with new road: water, sewer, electricity. Flood Zone-Free: Safe from flooding, ensuring peace of mind for future projects. Located near the 4-way intersection of Katy Hockley Rd & Stockdick School Rd, with approximately +/- 250 feet of frontage along Katy Hockley Rd. Neighboring 10 acres is available For Sale as well. Land Size: 8.4 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Katy, TX is listed for sale at $3,000,000. It has been on the market for 39 days. Compare it against other multifamily listings for sale in Katy, TX — <a href="/search/sale/multifamily/texas/katy">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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