7301 Sherman St, Houston 77011 — Sale in Houston, TX

  • Price: $543K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Houston, TX 77011
  • Size: 3,725 SF

Investment Figures

Cap rate
7.00%
Price per square foot
$146

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

Building SF: 3725 | Land Size: 7500.0 SF | Listing Type: FOR SALE

Market Context

This multifamily in Houston, TX is listed for sale at $543,000 across 3,725 SF. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 44 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 7.0% 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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