Lake Conroe Triplex Investment
14010 Longstreet Road Unit#2, Willis, TX 77318
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Triplex near Lake Conroe with income potential and highway access.
Type:Multifamily
Property size:
4,098 SFPrice / SF:
$192/SF- Added:
- May 25, 2026
- Days on Market:
- 7
- Last Refresh:
- May 27 at 8:25 am
Property Features for 14010 Longstreet Road Unit#2
General Information
- Standard status
- Active
- Size
- 4,098 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing agent Heather Carlile License #TX 0443914
Listing office Blavesco Ltd (936) 672-7671
Listing date May 25, 2026
Source Crexi
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 Blavesco Ltd
HighLights
- Live in one unit, rent out the other two for immediate income.
- Located in a secure, gated community near Lake Conroe.
- Turnkey property with all appliances included and ready for tenants.
- 7 minutes from I‑45, providing excellent accessibility.
- Each unit features an open‑concept kitchen and granite countertops.
- Includes a private garage and two dedicated parking spaces per unit.
Overview
The property is located within a gated community of 60 buildings near Lake Conroe, approximately 7 minutes from I-45. This triplex property features three units, each with three bedrooms and 2.5 bathrooms. The units have an open-concept kitchen, granite countertops, and include all appliances. Each unit also includes front and back porches, a private garage, and two dedicated parking spaces. The property offers a live-in-one, rent-two opportunity in a growing area. The location near Lake Conroe, the growing economy, and highway access contribute to rental demand.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $17.04 |
| − Vacancy | −$4.5k | −$1.11 |
| EGI | $65.3k | $15.93 |
| − OpEx | −$19.6k | −$4.78 |
| NOI | $45.7k | $11.15 |
4,098 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$652.9K
$571.3K – $761.7K
NOI $45,704 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.03M
$905.2K – $1.21M
NOI $72,419 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Willis
- County
- Montgomery
- State
- Texas
- Longitude
- -95.5183
- Latitude
- 30.4477
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex near Lake Conroe with income potential and highway access.
Where is this triplex located?
The property is located at 14010 Longstreet Road Unit#2 Willis, TX.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Live in one unit, rent out the other two for immediate income.; Located in a secure, gated community near Lake Conroe.; Turnkey property with all appliances included and ready for tenants.
