Opportunity to acquire a recently stabilized, fully occupied 10-unit multifamily property offering immediate in-place cash flow and an established operating history. Following its recent stabilization, the property is generating approximately $122,800 in annualized rental income and approximately $75,600 in annualized NOl, based on January through July 2026 operations. Investment Highlights: Utility reimbursement upside: Ownership currently absorbs certain utility costs, including water, creating an opportunity for a new owner to implement a Ratio Utility Billing System (RUBS). 100% occupied.
| MLS # | 55200975 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1973 |
| Days On Site | 12 |
| Listing Provided By | Sarah Virani | Sarah Virani |
| SQ Feet | 7,680 |
|---|---|
| Story(s) | 2 |
| Units | 1 |
| Acreage | 0.34 |
| Property | 13854 |
|---|
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77026 |
| Area | 2 |
| Subarea | Northside |
| Community Name | Kashmere Gardens |
| School District | 27 - Houston |
| Elementary School | Kashmere Gardens Elementary Scho |
| High School | 27 - Houston |
| Listing VS Median (in Kashmere Gardens) | |
Price: $999,900 low | high Med: $1,350 sqft: 7,680 low | high Med: 798 $ / sqft: $130 low | high Med: $2 On site: 12 low | high Med: 12 | |
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77026 |
| Area | 2 |
| Subarea | Northside |
| Community Name | Kashmere Gardens |
| School District | 27 - Houston |
| Elementary School | Kashmere Gardens Elementary Scho |
| High School | 27 - Houston |
| Listing VS Median (in Kashmere Gardens) | |
Price: $999,900 low | high Med: $1,350 sqft: 7,680 low | high Med: 798 $ / sqft: $130 low | high Med: $2 On site: 12 low | high Med: 12 | |