New Duplex Near Highway
For Sale
$689,900
1306 N 9th St, Conroe, TX 77301
New, tenant-occupied duplex near Highway 105 in Conroe, Texas.
Property Size5,202 SF
Price / SF$132.62
Days on Market322
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Property Features for 1306 N 9th St
General Information
Standard status
Active
Size
5,202 SF
Property subtype
Multi-Family
Building Details
Year Built
2024
Listing Agency:
Arrowstar Realty
Listed By:
Robert Graham · License #466722
(936) 672-2087
Source:
Thebandpteam
Added: Nov 27, 2025
Changed: Oct 6
Last Checked: Oct 7 at 3:54PM
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 Arrowstar Realty
Investment Insights
Based on property information with market context.
This is a brand new, two-story duplex located near Highway 105 in Conroe. The property features a total of 5,202 square feet and is tenant-occupied. The duplex contains two units, A and B, each offering 2,601 square feet of living space. Each unit includes four bedrooms, three and a half bathrooms, and a two-car garage. The layout of each unit is identical, featuring an entryway with a half bath, a linen closet, and a washer/dryer nook. Marble flooring extends throughout the downstairs area. The primary bedroom, located downstairs, includes a primary bathroom with double sinks, a large shower, and a walk-in closet. The units have high ceilings and an open living concept, with the kitchen and island overlooking the living room. Upstairs, there is a spacious game room, three additional bedrooms, two of which have walk-in closets, a Jack and Jill bathroom, and a separate bathroom. The property includes an extensive driveway and a large yard. Its location offers convenient access to Highway 105 and is approximately six minutes from I-45.
Key Highlights
- Brand new (2024) duplex offering immediate rental income, tenant occupied.
- Large units: Each unit boasts 4 bedrooms, 3.5 bathrooms, and a 2‑car garage, totaling 2,601 SF per unit.
- Desirable features:** Marble flooring downstairs, primary bedroom downstairs with ensuite bathroom, open concept living, and upstairs game room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,016
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,320
$1.2M
Cap Rate 7%
$828,800
$828.8K
Cap Rate 9%
$644,622
$644.6K
Market Conditions
NOI Build-Up for 5,202 SF
Gross rent
$88.6K $17.04/SF
− Vacancy
−$5.8K −$1.11/SF
EGI
$82.9K $15.93/SF
− OpEx
−$24.9K −$4.78/SF
NOI
$58.0K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,320
Cap Rate 7%
$828,800
Cap Rate 9%
$644,622
Alternative Uses
Best Use
Multifamily LT 5
$828.8K
$725.2K – $966.9K
NOI $58,016 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$780.8K
$683.2K – $911.0K
NOI $54,658 @ 7.0% cap · market cap 7.92%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,928 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 77301, TX
35,923
Population
12,854
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
75%
High-School Grad
20.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$64,885
Median Household Income
$35,575
Median Earnings
$1,229
Median Rent
$193,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New, tenant-occupied duplex near Highway 105 in Conroe, Texas.
Where is this duplex located?
The property is located at 1306 N 9th St Conroe, TX.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Brand new (2024) duplex offering immediate rental income, tenant occupied.; Large units: Each unit boasts 4 bedrooms, 3.5 bathrooms, and a 2‑car garage, totaling 2,601 SF per unit.; Desirable features:** Marble flooring downstairs, primary bedroom downstairs with ensuite bathroom, open concept living, and upstairs game room.
