Multifamily Property for Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77076
  • Year built: 1980

Description

Marcus & Millichap is pleased to present the exclusive offering of New Haven Mobile Home Park, a 25-space mobile home park located in Houston, Texas. The park benefits from a prime location just off Highway 45, next to Gallery Furniture, and within three miles of Walmart and other major retailers. New Haven Mobile Home Park features 21 tenant-owned homes and four site-built homes. The current lot rent is $515 per month, while market rents in the area range from $575-$630. Two of the site-built homes are rented at $1,600 per month, while the other two are rented at $1,000 and $950 per month. The Park operates on city water and sewer. Water and sewer are included in the rent, while electricity and trash are billed directly to the tenants. Please do not visit the park without prior approval. Please arrange property tours with Marcus & Millichap listing agents. Investment Highlights: • Tenant Owned Homes • 100% Occupancy • City Utilities • Under Market Rents

Market Context

This multifamily in Houston, TX is listed for sale. The building dates to 1980. It has been on the market for 54 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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