30-Unit Multifamily in Spring, TX
Montgomery County, TX · listed Jan 28, 2026 (273 days)
- $/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.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Spring, TXStabilized | $2.5M | $208K$208K | 6.6% |
| Conroe, TX New | $3.3M | $110K$110K | — |
Conroe, TXNew | $2.7M | $90K$90K | — |
Spring, TXNew | $3.35M | $335K$335K | — |
TXNewStabilized | $2.13M | $267K$267K | — |
Conroe, TXNew | $865K | $72K$72K | — |




