9-Residence Multifamily
For Sale
$1,095,000
22181 Sandy Lane, Porter, TX 77365
Nine residences share a fenced, landscaped property with a greenhouse, workshop, and owner-owned solar system.
Property Size4,450 SF
Lot Size2.00 Acres
Price / SF$246.07
Days on Market14
Property Features for 22181 Sandy Lane
General Information
Standard status
Active
Size
4,450 SF
Lot size
2.00 Acres
Property subtype
Multi Family,Multiple Detached Dwellings
Additional Details
Gross Income
$88,200
Multifamily Units
9
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,105
Amenities
established gardens
mature trees
fruit trees
small pond
greenhouse
chicken coop
large workshop
additional storage
owner-owned solar power system
fully fenced property
Building Details
Building Size
4,450 SF
Year Built
1950
Listing Agency:
Eaton Real Estate Company,LLC
Listed By:
Stephen Eaton · License #0539000
(561) 938-0000
Source:
Arriagarealtytx
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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 Eaton Real Estate Company,LLC
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Investment Insights
Based on property information with market context.
This Porter multifamily property spans 2 acres and includes nine residences: seven rental homes and two occupied by the owner. Built in 1950, the property also has established garden beds, mature and fruit trees, a greenhouse, chicken coop, pond, large workshop, and additional storage. The grounds are fully fenced, and an owner-owned solar power system is included.
The property is located in Porter, Texas, with shopping, restaurants, medical services, and farmers markets described as convenient to reach. Its combination of rental residences and owner-occupied homes is complemented by the property’s outdoor and workshop spaces.
The property is located in Porter, Texas, with shopping, restaurants, medical services, and farmers markets described as convenient to reach. Its combination of rental residences and owner-occupied homes is complemented by the property’s outdoor and workshop spaces.
Key Highlights
- Nine residences across 2 acres: seven rental homes and two owner‑occupied residences
- Built in 1950
- Fully fenced grounds with established gardens, mature trees, fruit trees, and a small pond
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,756
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,120
$935.1K
Cap Rate 7%
$667,943
$667.9K
Cap Rate 9%
$519,511
$519.5K
Market Conditions
NOI Build-Up for 4,450 SF
Gross rent
$90.2K $20.28/SF
− Vacancy
−$5.2K −$1.18/SF
EGI
$85.0K $19.10/SF
− OpEx
−$38.3K −$8.60/SF
NOI
$46.8K $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%
$935,120
Cap Rate 7%
$667,943
Cap Rate 9%
$519,511
Alternative Uses
Best Use
Apartment 5plus
$667.9K
$584.5K – $779.3K
NOI $46,756 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.12M
$983.0K – $1.31M
NOI $78,639 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 77365, TX
42,086
Population
15,442
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
82%
High-School Grad
41.4 sq mi
ZIP Area
1,017
Density / Sq Mi
$96,093
Median Household Income
$50,248
Median Earnings
$1,381
Median Rent
$261,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Nine residences share a fenced, landscaped property with a greenhouse, workshop, and owner-owned solar system.
Where is this multifamily property located?
The property is located at 22181 Sandy Lane Porter, TX.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Nine residences across 2 acres: seven rental homes and two owner‑occupied residences; Built in 1950; Fully fenced grounds with established gardens, mature trees, fruit trees, and a small pond
