Multifamily Property for Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77093

Description

Marcus and Millichap is pleased to present 9100 Dodson, a well maintained 21 unit multifamily community located at 9100 Dodson Street in Houston, Texas. The property is positioned in a stable Northeast Houston neighborhood directly across from a public park, providing a family-friendly setting with strong renter appeal. Built in 1960, the asset features a desirable unit mix consisting of 19 two-bedroom units and 2 one-bedroom units. The property offers several major capital improvements that reduce near term maintenance risk for a new owner. Recent upgrades include copper wiring, a new boiler, PVC plumbing, updated HVAC units, a new roof, new support railings, and a fully redone parking lot. These improvements significantly enhance structural reliability and lower Capex risk. With the majority of the heavy lifting already completed, 9100 Dodson presents a prime opportunity for a first-time buyer seeking a low-risk, stable property with clear operational upside. The community features gated access, an on-site laundry facility, and partially renovated interiors, giving investors a defined path to execute a straightforward value-add plan by completing interior upgrades and capturing additional rent premiums. Leveraging its improved physical condition, dependable tenant profile, and remaining interior upgrade potential, this asset offers immediate stability with an accessible and achievable value creation strategy. Investment Highlights: • Strong unit mix with 19 two-bedroom units and 2 one-bedroom units, supporting a broad renter base and consistent demand. • Significant recent capital improvements including copper wiring, new boiler, PVC plumbing, updated HVAC units, new roof, new support railings, and a repaved parking lot reduce future capital exposure. • Gated access, on-site laundry, and a location directly across from a public park provide attractive amenities for long-term tenants. • Well-positioned in a stable Northeast Houston submarket with dependable renter

Market Context

This multifamily in Houston, TX is listed for sale. It has been on the market for 68 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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