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$985,000
12-Unit Multifamily in Conroe, TX
TX · listed Sep 7, 2026 (51 days)
Price per unit compared
This property$82K
Within ~40 mi (166)$92K
Texas median (1,196)$92K
- $/unit
- $82,083
- ▼ 11% vs TX · 41st pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
Financials
- Asking price
- $985,000
- Price per unit
- $82,083
- 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
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 7, 2026
- Days on market
- 51 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- City only
- Listing #
- 1481
About this property
🏢 12-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY | CONROE, TX
📍 (address on request)
💰 Asking Price: $985,000
🏠 12 Units | 1 Bed / 1 Bath 📐 650 SqFt Each Unit 🌳 1 Acre Lot | Unrestricted 💵 Gross Rent: $9,750/Month
PROPERTY HIGHLIGHTS
- Well water system — currently in process of joining the MUD
- 12-meter setup
- New Roof — 2026
- Low-maintenance property
- Laundry on premises with washer/dryer
- Laundry is currently non-coin operated and could be modified to increase income
- Automatic electric gate
- Kitchen, dining, living room, bedroom & closet in each unit
OPERATING EXPENSES
- Taxes: $9,669/year
- Insurance: Approx. $9,500/year (depending on coverage)
- Entergy Electric: Approx. $125/month
- Lawn: $130/month
- Optimum Internet: $25/month
🔥 Strong Multifamily Investment Opportunity in Conroe!
Location
Somewhere in Conroe. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| 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 | $950K | $79K$79K | — |
| Conroe, TX | $985K | $82K$82K | — |
| Conroe, TX | $985K | $82K$82K | — |