Lake Conroe Duplex on Corner
11423 Outrigger Drive, Willis, TX 77318
One-story duplex near Lake Conroe with community amenities.
Type:Condo/Townhome
Property size:
1,188 SFLot size:
0.04 AcresPrice / SF:
$176/SF- Added:
- Mar 24, 2026
- Days on Market:
- 54
- Last Refresh:
- Apr 6 at 12:03 am
Property Features for 11423 Outrigger Drive
General Information
- Standard status
- Active
- Size
- 1,188 SF
- Lot size
- 0.04 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1996
Listing agent Vincent Sinisi License #0542955
Listing office Keller Williams Realty The Woodlands (281) 364-1588
Listing date Mar 24, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty The Woodlands
HighLights
- Lake Conroe access with lakeside sandy beach steps away.
- Located across the street from community recreation area and on a cul‑de‑sac.
- Move‑in ready with new paint and flooring.
- Open floor plan with high ceilings and fireplace.
- Community amenities include pool, tennis/pickleball courts, marina with rentals, and clubhouse.
- Corner lot duplex with abundant kitchen cabinet and counter space.
Overview
This one-story duplex is located on a corner lot on a cul-de-sac block, steps away from Lake Conroe. The property is across the street from a community recreation area and has a lakeside sandy beach at the end of the cul-de-sac. The home features an open floor plan with high ceilings and spacious rooms. The kitchen includes abundant cabinet and counter space, and the dining area has a built-in corner cabinet with a glass front. The family room is equipped with a fireplace with gas logs. A refrigerator is included with the home. Recent updates include new paint throughout and new flooring. Harbour Town offers green spaces, mature trees, tennis and pickle ball courts, a swimming pool, and two lakeside beaches. Jet ski and boat rentals are available at the marina. Deed restrictions prohibit short-term leases or B&Bs. The clubhouse has large meeting rooms and a kitchen, available for residents to rent for special events. The property size is 1188 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$147.2K
NOI $13,249 @ 9.00% cap · cautious / downside scenario
Moderate
$189.3K
NOI $13,249 @ 7.00% cap · market / base-case scenario
Aggressive
$265.0K
NOI $13,249 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $17.04 |
| − Vacancy | −$1.3k | −$1.11 |
| EGI | $18.9k | $15.93 |
| − OpEx | −$5.7k | −$4.78 |
| NOI | $13.2k | $11.15 |
1,188 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$189.3K
$165.6K – $220.8K
NOI $13,249 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$178.3K
$156.0K – $208.0K
NOI $12,482 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$299.9K
$262.4K – $349.9K
NOI $20,994 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Willis
- County
- Montgomery
- State
- Texas
- Longitude
- -95.5183
- Latitude
- 30.4477
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FAQs
What type of property is this?
Duplex - One-story duplex near Lake Conroe with community amenities.
Where is this duplex located?
The property is located at 11423 Outrigger Drive Willis, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Lake Conroe access with lakeside sandy beach steps away.; Located across the street from community recreation area and on a cul‑de‑sac.; Move‑in ready with new paint and flooring.
