1 / 312-Unit Multifamily in Spring, TX
Montgomery County, TX · listed Sep 24, 2025 (399 days)
- $/unit
- $208,333
- ▲ 126% vs TX · 88th pct
- Cap rate
- 6.6%
- ▼ 0.8 pts vs TX median
- NOI
- $166K
- $13,800/unit/yr
- Units
- 12
- 1 bldg · 2023
Financials
- Asking price
- $2,500,000
- Price per unit
- $208,333
- Price per sq ft
- $180
- Gross rent / year
- Not stated
- Net operating income
- $165,603
- NOI per unit
- $13,800
- Cap rate
- 6.6%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- 12-unit apartment community
- Buildings
- 1
- Year built
- 2023
- Building size
- 13,920 sq ft
- Avg unit size
- 1,160 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 24, 2025
- Days on market
- 399 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1535
About this property
This 2023 built 12 unit complex has little to no deferred maintenance. Quiet complex with plenty of parking, spacious 2/2, approx 1160 sft units with washer/dryer connections, stainless steel appliances. Very low maintenance and overhead at this small luxurious, clean, quiet complex tucked away close to shopping and quick access to major thoroughfares.
Multi-family
Highlights
Great for 1031 Exchange Opportunity! Built in 2023, this exceptional 12-unit apartment community offers a rare opportunity to own a modern, low-maintenance investment with little to no deferred maintenance. The property features spacious approximately 1,160-square-foot two-bedroom, two-bathroom units, each equipped with washer and dryer connections, stainless steel appliances, and thoughtfully designed floor plans that appeal to today's renters.
This well-maintained, luxury-style community offers a quiet setting with ample parking and low operating expenses, making it an attractive asset for investors seeking strong long-term performance. Conveniently tucked away in a peaceful location while remaining close to shopping, dining, and major thoroughfares, the property provides residents with both privacy and easy access to everyday conveniences.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Stabilized | $3.95M | $132K$132K | 6.4%gy |
Spring, TXNew | $3.35M | $335K$335K | — |
TXNewStabilized | $2.13M | $267K$267K | — |
| Conroe, TX Stabilized | $985K | $82K$82K | 11.9%gy |
Conroe, TXNewStabilized | $880K | $73K$73K | 7.7% |
Conroe, TXNew | $865K | $72K$72K | — |



