NewStabilized
$880,000
12-Unit Multifamily in Conroe, TX
TX · listed Oct 16, 2026 (12 days)
Price per unit compared
This property$73K
Within ~40 mi (179)$94K
Texas median (1,196)$92K
- $/unit
- $73,333
- ▼ 20% vs TX · 35th pct
- Cap rate
- 7.7%
- ▲ 0.3 pts vs TX median
- NOI
- $68K
- $5,655/unit/yr
- Units
- 12
- 1980
Financials
- Asking price
- $880,000
- Price per unit
- $73,333
- Price per sq ft
- $169
- Gross rent / year
- Not stated
- Net operating income
- $67,855
- NOI per unit
- $5,655
- Cap rate
- 7.7%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1980
- Building size
- 5,200 sq ft
- Avg unit size
- 433 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 16, 2026
- Days on market
- 12 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1616
About this property
Highlights
- Located in the growing Conroe market with access to everyday amenities and services.
- Consistently maintained with ongoing updates completed during tenant turnovers.
- Highly sought after complex with waiting list for tenants.
- Recent improvements include interior paint, updated plumbing fixtures, replaced windows, and appliance upgrades.
- On-site coin-operated laundry facility provides added tenant convenience.
- Convenient access to employment centers, grocery stores, shopping, dining, and entertainment.
- Financial Summary (Actual)
- Net Operating Income: $67,855 USD (2025)
- Cap Rate:
- 7.70 %
- Total Expenses:
- $31,145 USD
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Conroe, TXValue-add | $780K | $98K$98K | — |
 Conroe, TXNew | $2.7M | $90K$90K | — |
| Conroe, TX Stabilized | $985K | $82K$82K | 11.9%gy |
| Conroe, TX | $985K | $82K$82K | — |
| Conroe, TX Stabilized | $850K | $71K$71K | — |
| Conroe, TX New construction | $1.99M | $199K$199K | — |