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Lake Conroe Triplex Investment Opportunity

14010 Longstreet Road Unit#2 Willis, TX 77318

14010 Longstreet Road Unit#2, Willis, TX, 77318
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Triplex near Lake Conroe with income potential and highway access.

Property Size4,098 SF
Price / SF$192.78
AddedMay 25
Days on Market52
Last RefreshJul 14 at 5:29 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 office Blavesco Ltd

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


Investment Insights

Based on property information with market context.

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.

Key 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.

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 (±1% cap)
NOI $45,704 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$615.1K
$538.2K – $717.6K (±1% cap)
NOI $43,058 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.03M
$905.2K – $1.21M (±1% cap)
NOI $72,419 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic Nail Salon Auto Repair Shop Gym & Fitness Center Cosmetic Store Hair Salon Spa & Massage Center

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

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.
Contact an agent
(936) 672-7671 Call to check price and availability
More about this property
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