Duplex, Triplex, 4plex in or near Houston

[Syed Rizvi]

Hello everyone,

I am very interested in purchasing a small multifamily property this year. The goal is to live in one unit and rent out the rest. While I've been regularly checking HAR, I have noticed many of these properties are located in low-income areas. I am not sure if that is the case with all small multifamily properties in the Houston area. 

For example, I came across a multifamily property near the intersection of 290 and beltway 8 (not sure about BP rules, so I won't post the exact address and location here). Would this be considered a decent area to buy and live in?

Feel free to give me any advice on purchasing small multifamily properties in the Houston area, and the locations/neighborhoods that provide good investment opportunities! I appreciate the advice. :)

[Cody L.]

"Decent" is different for everyone. No way I'd ever live outside the loop. I'd rather live in a "bad" area inside the loop than a good area in BFE.

3rd ward, riverside Terrace. Maybe considered "rough" but their 1-2 miles from $$$ areas and in an obvious path of professs.

But there are plenty of 4 plexes in Montrose. They're just expensive. I sold four of mine for $500k (bought for $260k. Even though the price to buy has doubled, rent has gone up maybe 20%. No idea why investors are paying these prices for so little relative rent)