Corner Lot Duplex with Mother-in-Law
For Sale
$619,000
22855 E Martin Drive, Porter, TX 77365
Separate mother-in-law suite plus a park model RV home on a corner lot with commercial options.
Lot Size1.30 Acres
Days on Market10
Property Features for 22855 E Martin Drive
General Information
Standard status
Active
Lot size
1.30 Acres
Property subtype
Multi Family Home
Lease Term
1 Year, 6 Month, Month To Month
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
residential, commercial
Amenities
mother-in-law suite
fireplace
park model RV home
security light
Building Details
Building Size
2,568 SF
Year Built
1961
Listing Agency:
JLA Realty
(832) 266-7853
Listed By:
Nicolas Erdy
(832) 266-7853
Source:
Keystonerg
Added: Jul 21
Changed: Jul 30
Last Checked: Jul 30 at 8:42AM
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 JLA Realty
Investment Insights
Based on property information with market context.
This duplex-style corner lot property includes a main home and a separate mother-in-law suite. The main home features three bedrooms and two baths and includes a fireplace. The mother-in-law suite offers one bedroom and one bath. The property is built for flexibility on a combined 1.3-acre lot, including a .65-acre open area.
An electric pole with a security light is already on the property. In addition, there is a PARK MODEL RV HOME that can provide extra rental options.
The property is listed as having the ability for commercial buildings, expanding potential uses beyond the existing homes. Built in 1961, the setup combines residential space, a separate living suite, and additional land area at 22855 E Martin Drive in Porter, TX 77365.
An electric pole with a security light is already on the property. In addition, there is a PARK MODEL RV HOME that can provide extra rental options.
The property is listed as having the ability for commercial buildings, expanding potential uses beyond the existing homes. Built in 1961, the setup combines residential space, a separate living suite, and additional land area at 22855 E Martin Drive in Porter, TX 77365.
Key Highlights
- 1.3‑acre corner lot total with a .65‑acre open area
- Main home: 3‑bedroom, 2‑bath with a fireplace
- Separate mother‑in‑law suite: 1‑bedroom, 1‑bath
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 | $43.8k | $17.04 |
| − Vacancy | −$2.8k | −$1.11 |
| EGI | $40.9k | $15.93 |
| − OpEx | −$12.3k | −$4.78 |
| NOI | $28.6k | $11.15 |
2,568 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$409.1K
$358.0K – $477.3K
NOI $28,640 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.7K
NOI $26,982 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$648.3K
$567.3K – $756.4K
NOI $45,381 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
174
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate mother-in-law suite plus a park model RV home on a corner lot with commercial options.
Where is this duplex located?
The property is located at 22855 E Martin Drive Porter, TX.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 1.3‑acre corner lot total with a .65‑acre open area; Main home: 3‑bedroom, 2‑bath with a fireplace; Separate mother‑in‑law suite: 1‑bedroom, 1‑bath
