Multifamily Property for Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77023

Description

Marcus & Millichap is pleased to present a stabilized multifamily asset located in Houston's centrally positioned East End submarket. Just east of downtown and minutes from major thoroughfares including I-45 and Highway 90, the property offers exceptional connectivity to key employment and cultural hubs such as downtown, the Medical Center, and the Museum District. The community consists of 17 total units, 15 one-bed/one-bath units and 2 two-bed/one-bath units. With competitive rents, an established RUBS program, and additional income streams already in place (including pet rent and laundry), the property provides immediate cash flow for a new owner. An attractive assumable loan is available, featuring a 4.53% interest rate and interest-only payments through September 2029, offering meaningful financing advantages. All units have been fully renovated with stainless steel appliances and luxury vinyl flooring throughout, further enhancing long-term durability and rentability. Community amenities include an on-site laundry room and a front picnic area, creating a welcoming environment and contributing to strong tenant retention. Current ownership has positioned this asset as a true turnkey opportunity, ideal for both first-time investors and experienced operators seeking a centrally located, well-performing property with strong demographics and seamless operational continuity. Investment Highlights: • Highly favorable assumable loan at a 4.53% interest rate, with interest-only payments through September 2029. • Recently renovated units featuring upgraded countertops, stainless steel appliances, and luxury vinyl flooring throughout. • Stabilized asset in a prime central location with convenient access to downtown, the Medical Center, and the Museum District. • Opportunity to add in-unit washer/dryer connections across all units, creating a meaningful rent-premium upside and enhancing overall marketability for future residents.

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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