Pasadena Multifamily Buyer
Sell Your Commercial Property In Pasadena, TX
From South Houston to Red Bluff, we buy Pasadena multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: South Houston · Deer Park · Red Bluff · Golden Acres — Harris County, TX
The Pasadena Market
What Drives Rentals In Pasadena
Pasadena, TX is a Harris County city of 149,433 residents under the Census Bureau's 2020-2024 American Community Survey, built around petrochemical and refining employment along the Houston Ship Channel, San Jacinto College's Central Campus, and a large stock of older, workforce-priced apartments. Renters occupy 45.5% of Pasadena households, and 30.5% of the city's 53,756 housing units sit in buildings of 5 or more units. Owners who want to sell commercial property in Pasadena, TX are working with a market where half of renters already carry a 30%+ rent burden and most apartment stock predates 1980.
Petrochemical employment
Refineries and chemical plants along the Houston Ship Channel, including Chevron's Pasadena refinery, anchor local industrial employment.San Jacinto College
San Jacinto College's Central Campus sits in Pasadena, and the district enrolled 31,399 students district-wide in 2024-2025.Port Houston shipping
Port of Houston terminal activity supported 1.9 million Texas jobs and $537.7 billion in state economic value in 2025.Our Buy Box
What We Buy In Pasadena
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Pasadena Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Pasadena, TX
Anyone planning to sell commercial property in Pasadena, TX should start with occupancy: renters occupy 45.5% of Pasadena households, per the Census Bureau's 2020-2024 American Community Survey (ACS). Units in buildings of 5 or more apartments make up 30.5% of Pasadena's 53,756 total housing units, and 56.7% of that stock was built before 1980, with a median year built of 1977 citywide.
Rents and affordability in Pasadena, TX
A two-bedroom unit carries a $1,497 Fair Market Rent under HUD's FY2027 schedule for the Houston-The Woodlands-Sugar Land, TX HUD Metro FMR Area, which covers Pasadena. ACS 2020-2024 puts Pasadena's median gross rent at $1,213 a month against a $64,927 median household income, and 50.4% of Pasadena renters pay 30% or more of income on rent. That burden level is one reason owners keep selling commercial property in Pasadena at workforce-housing price points rather than waiting for rent growth to catch up.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,233 |
| One-bedroom | $1,261 |
| Two-bedroom | $1,497 |
| Three-bedroom | $2,017 |
| Four-bedroom | $2,502 |
Property taxes in Harris County
Owners who sell commercial real estate in Pasadena, TX are budgeting around three taxing jurisdictions: the City of Pasadena, Harris County, and Pasadena Independent School District. A $2,000,000 Pasadena property owes about $40,375 a year once those rates are combined: the City of Pasadena's FY2026 adopted rate is $0.465586 per $100 ($9,312 on the example), Harris County's 2025 adopted rate is $0.38096 per $100 ($7,619), and Pasadena ISD's 2025-2026 rate is $1.1722 per $100 ($23,444), for a combined $2.018746 per $100. Texas levies no state or local real estate transfer tax; Harris County charges a flat $25 deed recording fee on a standard first page. Harris County Appraisal District sets its protest deadline at May 15 or 30 days after the notice date, whichever is later.
Landlord rules in Pasadena, TX
Texas Property Code Section 92.103 requires landlords to refund a security deposit within 30 days of the tenant surrendering the unit. Section 24.005 sets a 3-day written notice to vacate as the default before filing eviction for nonpayment or holdover, unless the lease states otherwise. Local Government Code Section 214.902 bars a Pasadena rent-control ordinance unless the governor has approved it during a declared disaster.
What it means for an owner in Pasadena, TX
Pasadena's apartment stock skews older and workforce-priced, which is exactly the profile where owners choose to sell commercial property in Pasadena, TX while the combined $2.018746 local tax rate still favors current ownership over a fresh basis. An owner ready to sell your apartment building in Pasadena can start by testing the $2,000,000 example against current rent rolls. Use the cap rate calculator to check pricing, and see Sell My Apartment Building for next steps on a Pasadena transaction.
Good To Know
Selling In Pasadena
More about selling in Texas →Investing in Pasadena? See apartment syndications in Pasadena →
- Pasadena ISD's $1.1722 rate makes school debt the largest share of the combined Harris County tax bill.
- Texas has no state income tax and no state or local real estate transfer tax on deed recording.
- Sell commercial real estate in Pasadena, TX, or sell multifamily property in Pasadena, after checking the ISD rate.
Seller Guides
Pasadena Seller Situations
Learn More
Taxes & Rules For Pasadena Property
The Texas rules that shape any deal in Pasadena: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Pasadena Seller FAQ
Why should I sell commercial property in Pasadena, TX right now?
Half of Pasadena's renters already pay 30% or more of income on rent, per ACS 2020-2024, and 56.7% of the apartment stock predates 1980, so buyers are pricing in near-term capital needs. That combination supports interest from buyers looking for workforce-housing repositioning plays in Harris County.
Where can I sell commercial real estate in Pasadena, TX?
Skyline Capital Investments buys 5-or-more-unit apartment buildings directly from owners across the Houston area, including Pasadena. Start with the cap rate calculator to test pricing against Pasadena's $2.018746 combined local tax rate before listing.
What is Pasadena's combined property tax rate?
The City of Pasadena, Harris County, and Pasadena Independent School District combine for $2.018746 per $100 of value: $0.465586 city, $0.38096 county, and $1.1722 ISD, for 2025-2026. A $2,000,000 property owes about $40,375 a year at that combined rate.
How long does a Pasadena landlord have to return a security deposit?
Texas Property Code Section 92.103 gives landlords 30 days after the tenant surrenders the unit to refund the deposit. The same statute applies statewide, so Pasadena landlords follow the same 30-day deadline as the rest of Harris County.
Does Pasadena allow rent control?
No. Texas Local Government Code Section 214.902 bars a Pasadena rent-control ordinance unless the governor has approved one during a declared disaster, which has not occurred in Pasadena. Local rent-setting is otherwise left to the market.
What if my Pasadena building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Pasadena apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Pasadena without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Pasadena?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
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