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Stabilized
$850,000
12-Unit Multifamily in Conroe, TX
TX · listed Oct 9, 2026 (19 days)
Price per unit compared
This property$71K
Within ~40 mi (166)$92K
Texas median (1,196)$92K
- $/unit
- $70,833
- ▼ 23% vs TX · 33rd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
Financials
- Asking price
- $850,000
- Price per unit
- $70,833
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- 12 Units 1 bed/1 bath- 650 sqft each (Kitchen, Dining, Living Room, Bedroom, Closet)
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 9, 2026
- Days on market
- 19 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1360
About this property
12 Unit in Conroe TX
Previous buyer financing fell through.
12 Units 1 bed/1 bath- 650 sqft each (Kitchen, Dining, Living Room, Bedroom, Closet).
Fully Rented
Well water system- Currently in the process to join the MUD (12 meter set up).
Separate utilities
Gross Rent: $9,750
Taxes: $9,669
1 Acre Lot (unrestricted)
Electric monthly average: $125
Trash $180
Lawn:$130 (summer months)
New Roof 2026
On site laundry
End buyers only
Good opportunity for someone to get a good deal.
$850,000
Call/text
Location
Somewhere in Conroe. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Conroe, TX | $985K | $82K$82K | — |
| Conroe, TX Stabilized | $950K | $79K$79K | — |
| Conroe, TX New construction | $1.99M | $199K$199K | — |
| Conroe, TX Stabilized | $850K | $71K$71K | — |
| Conroe, TX Stabilized | $985K | $82K$82K | 11.9%gy |
| Conroe, TX Stabilized | $985K | $82K$82K | 11.9%gy |