1026 Miles StreetRosenberg, TX 77471

Description

Investors welcome to 1026 & 1016 Miles St – 11-Unit Multifamily Opportunity in Rosenberg, TX. This stabilized, cash-flowing 11-unit asset generating $94,800 in annual gross income with approximately $16,812 in expenses, resulting in a strong $77,988 NOI. Offered at $890,000, this equates to an attractive 8.48% cap rate and $80,909 per door. High-occupancy property with room for strategic rent increases and the opportunity to add an on-site laundry facility to further enhance NOI. Tenants are individually metered for electricity, public water is in place, and a long-term tenant base provides consistent stability. Recent capital improvements include updated roof (2023), all water heaters replaced (2023), PEX plumbing installed in 1026 (Building 1), and five units remodeled between 2022–2023. A performing asset delivering immediate cash flow with clear upside potential.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1945

Stories

1

Lot size

0.39 acres

Days on market

230

MLS^® Listing#

55581660

Property Features

Appliances

Microwave · Refrigerator

Cooling

Window Unit(s)

Heating

Natural Gas

Flooring

Tile

Roof

Composition

Utilities

Natural Gas Connected · Water Connected

Schools

Elementary

Travis Elementary School (Lamar)

Middle

George Junior High School

High

Terry High School

Financial Details

Annual taxes

$3,612Tax year 2025

Parcel number

3025000010070901

Directions

If you are coming from I-69/US-59 toward Rosenberg, take the exit for FM 762 and head north. Continue on FM 762, then turn left onto FM 1640. Follow FM 1640 until you reach Miles Street and turn right. Proceed down Miles Street, and 1026 Miles St will be on your left-hand side.