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1026 Miles Street

Rosenberg, TX 77471

$840,000 $3,541/Mo

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Overview

Bed

Bath

0.39

Acre(Lot)

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 2022–20 23. A performing asset delivering immediate cash flow with clear upside potential.

Property Details

Property Type : Residential Income

Price : $840,000

AD Id : 75507404

MLS Id : 55581660

Lot Size : 0.39 Acre

Year Built : 1945

County : Fort Bend

Subdivision: First Fair Add

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Tile
Roofing Information

Composition
Interior Features

Roof: Composition Appliances: Microwave, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1945 Stories: 1 Private Pool: No

Lot Information

Main Square Feet: 0.3857 Acres Lot Size Acres: 0.3857 Lot Size Square Feet: 16800

Property Information

Subdivision: First Fair Add Source Property Type: Residential Income Postal Code Plus 4: 3841 Property SubType: Multi Family Property Age: 81

Listing Price Information

Listing Price: $840000 Original Price: $920000 Cash, Conventional, FHA, Owner Will Carry

Tax Information

Parcel Number: 3025000010070901 Tax Year: 2025 Annual Tax: $3612 Tax Legal Desc: FIRST FAIR ADDN, BLOCK A, LOT 7,8,9

School Information

Elementary School: Travis Elementary School (Lamar)

Junior High School: George Junior High School

Senior High School: Terry High School
Utility Information

Natural Gas Connected, Water Connected
Location Information

Direction: 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.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1401 5th Street, Rosenberg, TX, 77471	$619,900	3	1	2,939	2,939 SqFt

Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

ByOwner last updated this listing 06/08/2026 @ 13:28

MLS: 55581660 LISTED BY: Henry Santos, White House Global Properties 832-691-7877 SOURCE: Houston Association of REALTORS