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    1401 Truman St, Unit 1403 Cleveland, TX 77327

    For Sale
    $240,000

    Portfolio of five fully-occupied duplexes in Cleveland, TX.

    Lot size:
    0.17 Acres

    Property Features for 1401 Truman St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1980

    Source: Top Guns Realty on Lake Conroe Agent Kyle Heffron

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

    Overview

    Cleveland TX Investment Duplex Portfolio

    This is an investment opportunity located in Cleveland, TX 77327, featuring a portfolio of five fully-occupied duplexes. The properties offer cash flow and long-term appreciation potential. Each duplex contains two units, each with two bedrooms and one bathroom. Each side of the duplex is approximately 900 square feet, with a total of approximately 1,800 square feet per building. The portfolio includes a total of 10 income-producing units, all of which are currently leased and generating rental income. The properties are situated on individual lots. This offering is suitable for investors looking to expand their portfolio, execute a 1031 exchange, or secure passive income in a strong rental market. The location is in a high-demand area with ongoing development, providing a turnkey solution for both new and seasoned investors seeking stability, scale, and growth in Texas real estate.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.075575
    Latitude
    30.335393

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    FAQs

    What type of property is this?
    Duplex - Portfolio of five fully-occupied duplexes in Cleveland, TX.
    Where is this duplex located?
    The property is located at 1401 Truman St, Unit 1403 Cleveland, TX.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Portfolio of five fully-occupied duplexes (10 units) provides immediate cash flow.; - Located in the growing community of Cleveland, TX, a high-demand rental market.; - Turnkey investment opportunity ideal for expanding portfolios or 1031 exchange.
    (210) 848-3312
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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
    1401 Truman St, Unit 1403 Cleveland, TX 77327
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