Lake Conroe Area Income
For Sale
$749,000
14010 Longstreet Road 6, Willis, TX 77318
Gated community near Lake Conroe with modern apartments.
Property Size4,098 SF
Price / SF$182.77
Days on Market312
Property Features for 14010 Longstreet Road 6
General Information
Standard status
Active
Size
4,098 SF
Property subtype
Multi-Family
Amenities
Plank,Vinyl,Carpet
Yes
3
Builder
Granite Counters,Ceiling Fan(s),Programmable Thermostat
Partial
6000
More than Two
60x100
Other
Carport,Garage,Garage Door Opener
4098
Building Details
Building Size
4,098 SF
Year Built
2025
Stories
2
Listing Agency:
Lone Star Luxe Real Estate, LLC
(936) 856-5590
Listed By:
Julie Chaddick · License #0718603
(828) 468-7451
Source:
Garygreene
Added: Nov 28, 2025
Changed: Oct 6
Last Checked: Oct 5 at 4:47PM
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 Lone Star Luxe Real Estate, LLC
Investment Insights
Based on property information with market context.
The Vintage at Lake Conroe is located in the high-growth area of northwest Houston/Conroe, within walking distance of Lake Conroe and minutes from FM I-45 via FM 1097. This gated community consists of 60 buildings, each containing three apartments. Each apartment features a modern design with 3 bedrooms and 2.5 bathrooms, along with a covered porch at the front and back. Each apartment includes a one-car garage, one driveway parking spot, and access to overflow parking. The open kitchen features granite countertops and includes all appliances. This property is presented as an income property investment in the Lake Conroe area. Pre-selling is underway, offering the option to purchase a building and lease out the three apartments, or reside in one and lease out the other two. Construction is scheduled to begin this spring, with an estimated completion date by the Fall of 2025. The photos shown are renderings from similar properties.
Key Highlights
- Prime investment opportunity in the high‑growth Lake Conroe area.
- Potential for rental income by leasing out all three apartments in a building.
- Modern 3‑bedroom, 2.5‑bathroom apartments with covered porches.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,058
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,160
$861.2K
Cap Rate 7%
$615,114
$615.1K
Cap Rate 9%
$478,422
$478.4K
Market Conditions
NOI Build-Up for 4,098 SF
Gross rent
$83.1K $20.28/SF
− Vacancy
−$4.8K −$1.18/SF
EGI
$78.3K $19.10/SF
− OpEx
−$35.2K −$8.60/SF
NOI
$43.1K $10.51/SF
Area
Montgomery County, TX
Vacancy
5.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,160
Cap Rate 7%
$615,114
Cap Rate 9%
$478,422
Alternative Uses
Best Use
Apartment 5plus
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$905.2K – $1.21M
NOI $72,419 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 77318, TX
17,518
Population
8,654
Households
2
Avg Household Size
44
Median Age
30%
College-Educated
91%
High-School Grad
37.0 sq mi
ZIP Area
473
Density / Sq Mi
$90,246
Median Household Income
$51,428
Median Earnings
$1,209
Median Rent
$288,900
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated community near Lake Conroe with modern apartments.
Where is this apartment building located?
The property is located at 14010 Longstreet Road 6 Willis, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime investment opportunity in the high‑growth Lake Conroe area.; Potential for rental income by leasing out all three apartments in a building.; Modern 3‑bedroom, 2.5‑bathroom apartments with covered porches.
