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29378431
29378432

4 Locations

Clay Pit Partners
Listed by Clay Pit Partners
$3,450,000
144 days on market
Updated 2 days ago
Opportunity zone

Sunnyside Duplex Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 28,600
Units 40
Cap Rate 9.31%
NOI $321,071
Occupancy 100%
Pro-Forma Cap Rate 10.22%
Pro-Forma NOI $352,544
Price per SqFt $121
Broker Co-Op No
Class C
Year Built 1965, 1968, 1969, 1970
Buildings 20
Stories 1
Lot Size (SqFt) 78,284
Parking Spaces 60 spaces
Parking Per SqFt 2.10
Investment Type Stabilized
Occupancy Date 01/24/2026
Sale Condition For sale by owner

Stabilized 40-unit brick duplex portfolio — 100% occupied

Marketing description

Sunnyside Duplex Portfolio is a rare opportunity to acquire a stabilized, cash-flowing 40-unit duplex portfolio in one of Houston’s most compelling “next-up” infill corridors—an area actively evolving as investment, redevelopment, and tenant demand continue pushing outward from the urban core. Offered For Sale By Owner, this portfolio combines institutional unit count with simple, durable brick construction and an attractive going-in yield, making it a highly financeable, operations-friendly acquisition for investors seeking both current income and long-term upside. 

The portfolio consists of 40 matching 2 bed / 1 bath residences (approx. 715 SF/unit) with strong current performance at 100% occupancy and in-place rents around $1,095/month, including a portion of subsidized/HUD tenancy that supports consistent collections and occupancy durability. 

A major differentiator is the de-risked condition and proven execution: the Seller has completed minor renovations to roughly three-quarters of the units, including new cabinets and counters, new blinds, fresh paint, new vanities, and upgraded fixtures/light fixtures—creating a more consistent product, reducing near-term turn costs, and supporting continued rent strength.

From a basis standpoint, buyers are acquiring scale at an efficient entry point—$86,250 per unit and roughly $120.63/SF—backed by a reported $321,071 NOI and 9.31% cap rate at the $3,450,000 offering price.  Just as importantly, big-ticket infrastructure has been proactively addressed, with $160,677 in documented CapEx, including: full replacement of sewer main lines/branches and plumbing hookups under 7 duplexes, extensive make-ready/renovations across the majority of units, a full roof replacement at one duplex, general plumbing upgrades (toilets, valves/faucets, water heaters), general electrical repairs (breaker boxes, breakers, GFCIs, wiring), and tree trimming across all locations.

Bottom line: this is a stabilized, brick-construction portfolio on city utilities that offers immediate cash flow today, plus meaningful organic and market-driven upside as the surrounding submarket continues its upward trajectory.

Investment highlights

  • Stabilized, In-Place Cash Flow (40 Units) – Portfolio is presented as stabilized with 40 total units and 100% occupancy. 

  • Attractive Going-In Yield – Offered at $3,450,000 with a stated NOI of $321,071 and 9.31% cap rate. 

  • Efficient Basis at Scale – Entry basis of $86,250/unit and $120.63/SF across 28,600 rentable SF on 78,284 SF of land. 

  • Durable, Operations-Friendly Asset Type – Built 1965–1970 with brick construction and shingle roofs (simple, repeatable maintenance profile). 

  • Uniform Unit Mix = Leasing + Rehab Efficiency – All units are 2 bed / 1 bath at approximately 715 SF/unit, supporting consistent turns, make-readies, and leasing. 

  • Strong Rent Foundation + Collections Support – Average rent shown at $1,095/month, including 7 HUD tenants contributing to occupancy/collections stability. 

  • City Utilities – City water and city sewer, reducing well/septic risk and improving long-term reliability. 

  • Meaningful Completed CapEx (De-Risked Day 1) – Seller reports $160,677 in completed CapEx, including sewer line replacement, 27-unit make-ready/renovations, and targeted roof, plumbing, and electrical work. 

  • Financeability / Underwriting Visibility – Package includes a T-12 financials page and a DSCR pro forma table (useful for lenders and buyer underwriting). 

  • Houston Infill Upside Narrative – Positioned in an “up-and-coming” Houston submarket with ongoing reinvestment, supporting a thesis of long-term appreciation and rent growth alongside current cash flow. (Market narrative; buyer to verify.)

Listing Contacts

Clay Pit Partners
Listed by Clay Pit Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$321,071.00
$26,755.92/mo

Valuation Metrics

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DSCR
9.31%
Cap Rate
9.31%
ROI

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