MULTIFAMILYRADAR
30-Unit Multifamily in Spring, TX, photo 1
Stabilized
$3,950,000

30-Unit Multifamily in Spring, TX

Montgomery County, TX · listed Jan 28, 2026 (273 days)

Price per unit compared
This property$132K
Within ~40 mi (260)$94K
Texas median (1,196)$92K
$/unit
$131,667
▲ 43% vs TX · 70th pct
Cap rate
—
 
Gross yield
6.4%
 
Units
30
2 bldg · 2026

Financials

Asking price
$3,950,000
Price per unit
$131,667
Price per sq ft
Not stated
Gross rent / year
$252,600
Net operating income
Not stated
NOI per unit
Not stated
Cap rate
Not stated
Gross yield
6.4%gross rent ÷ price
Occupancy
90%

As stated by the seller. Verify during due diligence.

Building

Units
30
Unit mix
Not stated
Buildings
2
Year built
2026
Building size
Not stated
Avg unit size
Not stated
Lot size
2 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Jan 28, 2026
Days on market
273 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1486

About this property

Connor's Landing is located on the West side of Interstate 45 North in Spring, which is adjacent to The Woodlands, a master planned Community, designed as a community where people can live, work and play with out having to commute to the big City.

With over 100,000 people living in the Woodlands and over 40,000 jobs the area has experienced an incredible growth and has seen the need of all types of developments to full fill the needs of the inhabitants.

The site for Connor's Landing is one of the few undeveloped tracts incorporated to the Woodlands Township area. Its location is convenient to residents and commuters, offering easy access to major roads, amenities and large Corporate centers such as Exxon, SWN, Howard Hughes and many more.

The area has been transformed from single family residential dwellings into single and multi-tenant office buildings, with mature trees in most properties and vast parking spaces to keep the streets parking free, with immediate access to Interstate 45 and close to The Woodlands Town Center. Connor's Landing offers a total 34 residential units in 1, 2 and 3 bedroom configuration, offering common area amenities such as swimming pool, gym and grilling area. Prospect owners and tenants are young professionals working for any of the Corporations located in the area as well as young families and empty nesters.

Crown Point Developments has been a pioneer in the redevelopment of this area, with several successful projects built, leased and sold in the past 10 years.

Connor’s Landing presents a strong investment opportunity in The Woodlands, located near major commercial hubs such as The Woodlands Parkway, I-45, Town Center, the Medical District, and the Exxon Campus. Positioned on Oak Ridge Drive, the property offers convenient access and features mature landscaping, ample parking, and proximity to employment centers.

The multi-family community consists of 34 units, Building 2 consists of 15 units which are being offered for sale with varied floor plans and access to all amenities including a pool, fitness center, and grilling area. It attracts professionals, families, and empty nesters drawn by nearby employers, schools, healthcare, and retail, supporting tenant stability and long-term value.

Multifamily | 15 Units

Highlights

  • Unique opportunity in The Woodlands market area
  • Turn key and move in ready to start leasing
  • Units will be delivered fully equipped with all appliances, washer and dryer and mini blinds in all bedrooms
  • Estimated annual rent income at 90% occupancy: $252,600
  • Sales price $3,950,000

Location

Approximate area. The exact address is shared on request.

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