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1026 Miles St 11 Unit Apartment Building $1,238,613 CAD ($112,601 CAD/Unit) 8.76% Cap Rate Rosenberg, TX 77471
Investment Highlights
- High Occupancy Multifamily
- 12+ parking spots
- Growth opportunity, Add-on value
Executive Summary
1026 & 1016 Miles St | 11-Unit Multifamily Investment Opportunity - Rosenberg, TX
This is a stabilized, cash-flowing 11-unit asset producing $94,800 in annual gross income with expenses of approximately $16,812, resulting in a strong $77,988 NOI.
Offered at $890,000, this equates to:
8.76% Cap Rate
$80,909 per door
For a stabilized multifamily property with completed capital improvements and operational upside, this is compelling value.
Why This Deal Stands Out:
• Room for strategic rent increases (High occupancy multifamily property)
• Opportunity to add an on-site laundry facility to further increase NOI
• Tenants pay their own electricity (individually metered)
• Public water
• Long-term tenant base providing stability
• PEX plumbing installed in 1026 (Building 1)
• Roof replaced on both buildings (2023)
• Water heater replaced on all units (2023)
• 5 units remodeled (2022–2023)
This is not a heavy reposition. It’s a performing asset with clean financials and immediate yield — plus clear paths to push returns even higher.
At $80K per door and an 8.76% cap rate, opportunities like this are increasingly difficult to find in today’s market.
This is a stabilized, cash-flowing 11-unit asset producing $94,800 in annual gross income with expenses of approximately $16,812, resulting in a strong $77,988 NOI.
Offered at $890,000, this equates to:
8.76% Cap Rate
$80,909 per door
For a stabilized multifamily property with completed capital improvements and operational upside, this is compelling value.
Why This Deal Stands Out:
• Room for strategic rent increases (High occupancy multifamily property)
• Opportunity to add an on-site laundry facility to further increase NOI
• Tenants pay their own electricity (individually metered)
• Public water
• Long-term tenant base providing stability
• PEX plumbing installed in 1026 (Building 1)
• Roof replaced on both buildings (2023)
• Water heater replaced on all units (2023)
• 5 units remodeled (2022–2023)
This is not a heavy reposition. It’s a performing asset with clean financials and immediate yield — plus clear paths to push returns even higher.
At $80K per door and an 8.76% cap rate, opportunities like this are increasingly difficult to find in today’s market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,238,613 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $112,601 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 8.76% | Building Size | 5,068 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 82% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | ||
| Zoning | L | ||
| Price | $1,238,613 CAD |
| Price Per Unit | $112,601 CAD |
| Sale Type | Investment |
| Cap Rate | 8.76% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 5,068 SF |
| Average Occupancy | 82% |
| No. Stories | 1 |
| Year Built | 1945 |
| Zoning | L |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 5 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3025-00-001-0070-901 | Total Assessment | $268,731 CAD |
| Land Assessment | $72,445 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $196,286 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
3025-00-001-0070-901
Land Assessment
$72,445 CAD
Improvements Assessment
$196,286 CAD
Total Assessment
$268,731 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1026 Miles St
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