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Four-Home Multifamily Estate
New
For Sale
$5,499,000

28811 Riley Rd, Waller, TX 77484

Ten-acre residential compound with four homes, resort-style pools, a standalone shop, and varied residential configurations.

Property Size17,627 SF
Lot Size10.00 Acres
Price / SF$311.96
Days on Market2

Property Features for 28811 Riley Rd

General Information

Standard status Active
Size 17,627 SF
Lot size 10.00 Acres
Property subtype Multi-Family

Additional Details

Multifamily Units 5

Amenities

pool
outdoor kitchen

Building Details

Year Built 2020
Buildings 5
Listing Agency: HomeSmart
Listed By: Alfredo Zavala · License #0628571
Source: Vincesoldit
Added: Sep 5 Last Checked: Sep 5 at 3:09PM

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 HomeSmart

Investment Insights

Based on property information with market context.

Set across 10 acres, this multifamily property comprises four separate homes built around a shared estate setting. The residences provide varied configurations, including a 4-story main home with oversized private balconies, a 2-story home with an open-concept layout and garage apartment, a 3-story residence with balconies, and another home with its own pool and outdoor kitchen.

Additional improvements include a standalone shop with substantial workspace and an office. Outdoor amenities include multiple pools, outdoor kitchens, patios, and views of the grounds and lake. Built in 2020 and located in Waller, TX, the property supports a range of residential arrangements within one consolidated holding.

Key Highlights

  • 10‑acre multifamily estate in Waller, TX
  • Four separate homes with distinct architectural styles and configurations
  • Main residence offers 4 stories and oversized private balconies

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Discount Store Bed & Breakfast Department Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 77484, TX

13,449
Population
5,180
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
84%
High-School Grad
151.0 sq mi
ZIP Area
89
Density / Sq Mi
$71,446
Median Household Income
$35,091
Median Earnings
$1,075
Median Rent
$243,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Ten-acre residential compound with four homes, resort-style pools, a standalone shop, and varied residential configurations.
Where is this multifamily property located?
The property is located at 28811 Riley Rd Waller, TX.
What is the asking price?
The asking price for this property is $5,499,000.
What are key features of this property?
This property features: 10‑acre multifamily estate in Waller, TX; Four separate homes with distinct architectural styles and configurations; Main residence offers 4 stories and oversized private balconies
More about this property
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