Whispering Pines — Sale in Houston, TX

  • Price: $1.7M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77055
  • Size: 10,890 SF
  • Year built: 1960

Investment Figures

Cap rate
9.03%
Price per square foot
$156
Price per unit
$121,428 across 14 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This property has been meticulously revamped, ensuring a fresh and modern living experience for residents. Step into a space that exudes pristine cleanliness and attention to detail. This apartment building is in impeccable condition. With 14 units, this property offers a range of options for prospective tenants, attracting a wide variety of renters and ensuring consistent cash flow Spring Branch is a thriving community known for its family-friendly atmosphere, excellent schools, and convenient access to shopping, dining, and more Building SF: 10890 | Land Size: 0.8 Ac | Year Built: 1960 | Listing Type: FOR SALE

Market Context

This multifamily in Houston, TX is listed for sale at $1,699,999 across 10,890 SF. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1960. It has been on the market for 72 days. Compare it against other multifamily listings for sale in Houston, TX — view the full market.

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: multiple brokerage reports, Q1 2026.

Its 9.0% asking cap rate is above the Houston multifamily market average of about 4.8%, implying a higher yield (and typically more risk or upside) than comparable assets. 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 multiple brokerage reports.

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