Farley Duplex Portfolio — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77032

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Description

Marcus & Millichap is pleased to present The Farley Duplexes, a 26-unit multifamily portfolio consisting of 13 duplexes located at addresses including 5502 through 5534 Farley and 5410 & 5418 Farley in Houston, Texas — a high-demand submarket with excellent connectivity and long-term tenant stability. Each unit features a spacious 2-bedroom, 1-bathroom layout totaling 1,009 square feet, complete with washer/dryer hookups and fireplaces, appealing to a wide range of renters. Ownership has spent over $200,000 updating unit interiors over the past year. The property has also seen exterior updates with new roofs and siding. Currently boasting a strong history of high occupancy and long-term residents, the asset offers immediate cash flow with upside through rent increases, as current rates remain below market. With individually metered utilities, landlord expenses are minimized, enhancing operational efficiency. Strategically located at the intersection of Beltway 8 and Highway 59, and in close proximity to George Bush Intercontinental Airport (IAH), The Farley Duplexes benefit from exceptional access to major employment hubs and commuter routes. This location, combined with the completed renovations and reliable tenant base, creates a low-risk, cash-flowing investment with significant upside potential through targeted rent growth and market exposure. Investment Highlights: • Fully occupied, offering cashflow from day 1 • Favorable unit mix with all units being 2-bed 1-bath & 1000+ SF • All utilities are individually metered, immediately limiting expenses

Market Context

This multifamily in Houston, TX is listed for sale. Compare it against other multifamily listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston multifamily market showed an 11.5% vacancy rate, and average asking rents near $1384.50/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Houston multifamily market tightening or softening?
Vacancy is around 11.5% (Q1 2026).

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