Residential Multi-Family
20918 Dunn New Caney, TX 77357
20918 Dunn, New Caney, TX, 77357
$500,000
For Sale
$500,000
Residential Multi Family, Other - New Caney, TX
Property Size2,668 SF
Lot Size0.66 Acres
Price / SF$187.41
Days on Market139
Property Features for 20918 Dunn
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,668 SF
- Lot size
- 0.66 Acres
Building Details
- Year built
- 1981
- Architectural style
- Other
Listing Agency
NextHome Realty Center
(281) 213-6200
16610 Mueschke Rd., Ste A, TX
Listed by
Alex Townsend · License #695649,PersonLicenseNumber
(281) 746-3360
Added: Feb 28 Checked: Jul 17 at 11:06 am
MLS# 10621844
Listing URL
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential multi-family property includes a manufactured home at 20922 and a second building at 20918 that has been subdivided into three independent apartments. The 20922 unit features a formal living area, an expansive kitchen with breakfast nook, a formal dining area with a built-in china cabinet, a family room, three bedrooms, two baths, and a spacious laundry room. The 20918 building offers three units: a front 2-bedroom, 1-bath apartment with a large rustic kitchen and living room; Unit A with four bedrooms, two baths, a living room with fireplace, and a large eat-in kitchen; Unit B with one bedroom, one bath and a large eat-in kitchen; and Unit C as a 1-bedroom, 1-bath studio with kitchenette.
The property is listed with a total lot size of 0.66 acres and a total property size of 2,668 square feet. The seller notes there is no survey, and buyers should verify all dimensions of the home, apartments, and schools. The property can be sold as a whole with all buildings or as two properties.
Prospective buyers should include proof of funds or a pre-approval letter. The seller has preferred title company information available upon request.
The property is listed with a total lot size of 0.66 acres and a total property size of 2,668 square feet. The seller notes there is no survey, and buyers should verify all dimensions of the home, apartments, and schools. The property can be sold as a whole with all buildings or as two properties.
Prospective buyers should include proof of funds or a pre-approval letter. The seller has preferred title company information available upon request.
Key Highlights
- Year built 1981 manufactured home with formal living, expansive kitchen with breakfast nook, and 3 bedrooms/2 baths
- Spacious laundry room and formal dining area with built‑in china cabinet in 20922
- 20918 subdivided into 3 independent apartments: front 2BR/1BA, plus Units A (4BR/2BA), B (1BR/1BA), and C (1BR/1BA studio)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $17.04 |
| − Vacancy | −$3.0k | −$1.11 |
| EGI | $42.5k | $15.93 |
| − OpEx | −$12.8k | −$4.78 |
| NOI | $29.8k | $11.15 |
2,668 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$371.9K – $495.9K
NOI $29,755 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$400.5K
$350.4K – $467.2K
NOI $28,033 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$673.5K
$589.4K – $785.8K
NOI $47,148 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two residential buildings provide multiple independently apportioned apartments and a separate manufactured home unit.
Where is this quadplex located?
The property is located at 20918 Dunn New Caney, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Year built 1981 manufactured home with formal living, expansive kitchen with breakfast nook, and 3 bedrooms/2 baths; Spacious laundry room and formal dining area with built‑in china cabinet in 20922; 20918 subdivided into 3 independent apartments: front 2BR/1BA, plus Units A (4BR/2BA), B (1BR/1BA), and C (1BR/1BA studio)
