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    928 N 3Rd St Conroe, TX 77301

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    For Sale
    Contact for pricing

    57 vintage apartment units in rapidly growing Conroe, Texas.

    Property size:
    8,215 SF
    Lot size:
    0.34 Acres

    Property Features for 928 N 3Rd St

    General Information

    Size
    8,215 SF
    Lot size
    0.34 Acres

    Source: NewQuest Properties Agent Glenn Dickerson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Conroe Multifamily Investment Opportunity

    This portfolio of 57 vintage apartment units is located in Conroe, Texas, offering a unique investment opportunity. The city is experiencing rapid population growth and is located near Houston. The properties have maintained high occupancy rates with minimal rental increases, presenting an opportunity for rental growth under new ownership. Conroe is recognized as one of the fastest-growing cities in America, attributed to its proximity to Houston, affordable living, and strong school system. The total property size is 8,215 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.454673
    Latitude
    30.318877

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    FAQs

    What type of property is this?
    Apartment building - 57 vintage apartment units in rapidly growing Conroe, Texas.
    Where is this apartment building located?
    The property is located at 928 N 3Rd St Conroe, TX.
    What are key features of this property?
    This property features: - High occupancy rate indicates strong tenant demand and consistent income.; - Significant rental growth potential due to historically minimal increases.; - Located in Conroe, one of America's fastest-growing cities.
    (281) 477-4384
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    928 N 3Rd St Conroe, TX 77301
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