CENTURY 21 Republic helps investors buy and sell multifamily property across Pearland and Greater Houston, from fourplexes to apartment communities.
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Properties we work with
- Duplexes, triplexes, and fourplexes
- Small apartment buildings of 5 to 50 units
- Larger apartment communities
- Value-add properties needing renovation
- Build-to-rent and townhome communities
What we analyze
- Income: rent roll, occupancy, concessions, and rents versus nearby properties.
- Expenses: taxes, insurance, utilities, payroll, and repairs per unit.
- Value-add potential: renovation costs and the rent premium they can support.
- Physical condition: roofs, plumbing, HVAC, and deferred maintenance.
- Financing: debt terms, interest rates, and debt service coverage.
How we evaluate a deal
Broker and co-owner Jose Torres holds an MBA and a Master of Finance from Tulane University and has more than 25 years of experience managing finance, real estate, and projects. We help you look at both the possibilities and the numbers before you buy, sell, or sign a lease.
Houston apartment market at a glance
| Benchmark | Houston figure |
|---|---|
| Stabilized vacancy, metro | 11.1% (Q2 2026) |
| Stabilized vacancy, Pearland submarket | 6.5%, among the lowest in Houston |
| Average effective rent | $1,312 per unit (down 2.3% from a year earlier) |
| Net absorption, first half of 2026 | 8,377 units |
| Units under construction | 11,756 (down 36.4% from a year earlier) |
| Cap rate, suburban Class A | 5.0% – 5.5% |
Demand caught up with new supply in the first half of 2026 while construction kept slowing. Pearland stands out, with one of the lowest vacancy rates in the metro.
Sources: vacancy, rent, absorption, and construction from Cushman & Wakefield Houston Multifamily MarketBeat (Q2 2026). Cap rates from the CBRE U.S. Cap Rate Survey (H2 2025, published February 2026). These are market benchmarks, not an appraisal of any property.
Frequently asked questions
Can I finance a fourplex like a home?
Properties with up to four units can often use residential loans, and owner-occupants may qualify for lower down payments. Five units or more usually need commercial financing.
What expenses do buyers underestimate?
Property taxes, insurance, and turnover costs. We review actual operating statements, not just the seller’s projections.
Talk to us about multifamily property
Call 832-615-6742 or email info@c21republic.com. Back to commercial real estate →
