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    15-Unit Multifamily Investment Opportunity
    Updated: Nov 17, 2025
    15-Unit Multifamily Investment Opportunity

    3804 Mt Pleasant St, Houston, TX 77021

    $1,199,900
    9,358 sqft
    15‑unit apartment complex offers significant investment potential.
    Located in the growing South Union area.
    Mix of one and two‑bedroom units caters to a broad tenant base.
    Immediate upside potential through increased occupancy.
    Opportunity to stabilize and increase income.
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    This listing looks promising.

    Here's a quick look at some key insights for

    3804 Mt Pleasant St, Houston, TX 77021

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $106K
      Annual

    • Mortgage

      $578K
      Apr 2020

    • Property Type

      Apartment House
      Built 1950
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    Well-Maintained Multifamily Investment Property
    Updated: Feb 17
    Well-Maintained Multifamily Investment Property

    6706 Ralston Street, Houston, TX 77016

    $1,400,000
    0.39 AC lot
    Multi‑unit commercial property built in 1964
    Each unit features 2 bedrooms and 1 bathroom
    Public water service and public sewer
    Roof materials include shingle and wood
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    Renovated 14-Unit Multifamily Community
    Renovated 14-Unit Multifamily Community

    1011 W 10TH ST, Houston, TX 77008

    $2,000,000
    9,812 sqft

    Fully renovated 14-unit multifamily property offering modernized interiors and currently 100% occupancy in Houston Heights.

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    Renovated 16-Unit Multifamily Community
    Renovated 16-Unit Multifamily Community

    6840 Fairway Drive, Houston, TX 77087

    $1,400,000
    12,872 sqft

    Fully renovated 16-unit apartment building with primarily two-bedroom units and an adjacent opportunity for scale.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    16-Unit Apartment Building
    16-Unit Apartment Building

    7930 Ritz Street, Houston, TX 77028

    $485,000
    4,447 sqft 0.34 AC lot

    A 16-unit multifamily property with spacious 1/1 layouts and on-site parking, built in 1975.

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    Well-Maintained 15-Unit Apartment Complex
    Well-Maintained 15-Unit Apartment Complex

    1849 W Main St 15, Houston, TX 77098

    $2,500,000
    10,800 sqft 0.29 AC lot

    Turnkey investment property with immediate cash flow and future growth.

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    Renovated Multifamily Apartment Community
    Renovated Multifamily Apartment Community

    6821 Fairway Drive, Houston, TX 77087

    $1,700,000
    16,050 sqft

    Renovated 22-unit apartment community in Southwest Houston, offered as a stabilized, substantially preleased investment.

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    Fully Remodeled 21-Unit Detached Homes
    Fully Remodeled 21-Unit Detached Homes

    3805-3813 Wipprecht St., Houston, TX 77026

    $2,200,000
    15,880 sqft 1.03 AC lot

    Gated community of detached two-bedroom rentals with separate meters, washer/dryer connections, and dedicated parking.

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    Northwest Houston Multifamily Investment Opportunity
    Northwest Houston Multifamily Investment Opportunity

    14827 Mittlestedt Champions Dr, Houston, TX 77069

    $9,800,000
    74,850 sqft

    Multifamily property in the Champions submarket of Northwest Houston.

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    Renovated Multifamily Investment Opportunity
    Renovated Multifamily Investment Opportunity

    2508-2512 Southmore Blvd., Houston, TX 77004

    $2,775,000
    15,396 sqft 0.66 AC lot

    20-unit multifamily property in Houston's East End submarket.

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    Houston Multifamily Investment Opportunity
    Houston Multifamily Investment Opportunity

    801 North 66th Street, Houston, TX 77011

    $750,000
    4,368 sqft

    Fully occupied 8-plex in Houston's East End.

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    Houston Multifamily Investment Opportunity
    Houston Multifamily Investment Opportunity

    2106 West St, Houston, TX 77026

    $900,000
    10,509 sqft

    Historic 17-unit property with upside potential in rents.

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    Berry St Multifamily Investment Opportunity
    Berry St Multifamily Investment Opportunity

    2819 Berry St, Houston, TX 77004

    $1,200,000
    9,226 sqft

    Value-add multifamily property near University of Houston and Texas Southern.

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    Value-Add Multifamily Apartment Community
    Value-Add Multifamily Apartment Community

    626 Greens Road, Houston, TX 77067

    $5,985,000
    92,400 sqft

    121-unit apartment community in Houston with documentation for underwriting, including rent roll, T-12, and restoration proposal.

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    Multifamily Property with Private Bathrooms
    Multifamily Property with Private Bathrooms

    933 Harbor St, Houston, TX 77020

    $1,199,900
    11,610 sqft

    15-unit multifamily property with rehab potential and private bathrooms.

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    Renovated Multifamily Asset Near Downtown
    Renovated Multifamily Asset Near Downtown

    120 S 79th St, Houston, TX 77012

    $750,000
    4,693 sqft

    Fully renovated 10-unit multifamily property near downtown Houston.

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    Stabilized 15-Unit Multifamily Property
    Stabilized 15-Unit Multifamily Property

    6210 Laura Koppe Rd, Houston, TX 77016

    $925,000
    9,000 sqft

    15-unit multifamily property in an opportunity zone.

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    Income-Producing Multifamily Property
    Income-Producing Multifamily Property

    1501 Noble St 5, Houston, TX 77009

    $649,000
    0.11 AC lot

    Five-unit multifamily property on a corner lot in Houston.

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    Mixed-Use Building in Montrose
    Mixed-Use Building in Montrose

    321 W Alabama St, Houston, TX

    $1,995,000
    6,692 sqft 0.33 AC lot

    Income-producing commercial building with apartments and retail in Houston.

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    Multifamily Property on Long Point
    Multifamily Property on Long Point

    7507 Long Point Rd, Houston, TX

    $2,600,000
    1 sqft 1.65 AC lot

    24-unit multifamily property with high visibility and stable income.

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    Turnkey Multifamily Complex in EaDo
    Turnkey Multifamily Complex in EaDo

    7109 Ave E 12, Houston, TX 77011

    $700,000
    0.17 AC lot

    Fully occupied, cash-flowing 10-unit apartment complex in East Downtown Houston.

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    Luxury High-Rise Condo with Views
    Luxury High-Rise Condo with Views

    49 Briar Hollow Lane #1801, Houston, TX 77027

    $325,000
    1,623 sqft

    Spacious condo with amenities near Memorial Park, River Oaks, Galleria.

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    Houston Multifamily Investment Opportunity
    Houston Multifamily Investment Opportunity

    3420 Rosedale St, Houston, TX 77004

    $650,000
    0.16 AC lot

    Multifamily property in Houston's University Area, near Texas Medical Center.

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    Cash Flowing Multifamily Investment Property
    Cash Flowing Multifamily Investment Property

    3522 Sampson St, Houston, TX 77004

    $699,000
    0.11 AC lot

    Five-unit multifamily property near University of Houston and Downtown.

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    Houston, TX Apartment Buildings Market Trends and Statistics

    Explore 109 apartment buildings for sale in Houston, TX, showcased through 109 active listings on our real estate platform. These investment opportunities span a total of 423,958 square feet of properties for sale, with an estimated market value of $48,157,795.

    Sale prices for two-family homes in Houston, TX start at $199,000, averaging $1,852,222, and reaching up to $9,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    High-rise multifamily apartments 1

    Demographics Overview

    Population 3.21M
    Population Growth (5Y) +2.1%
    Median Household Income $69,860
    College Educated 23.8%

    High-Yield Neighborhoods for Investment

    Identify Houston submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Webster $130K
    Houston $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.60%
    Property Tax per SF $14.05 per SF
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Houston fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Houston, TX

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