New Construction Conroe
308 S 11th St Conroe, TX 77301
308 S 11th St, Conroe, TX, 77301
$386,000
For Sale
$386,000
New construction duplex in Conroe, ideal for families/investors.
Property Size2,332 SF
Lot Size0.17 Acres
Price / SF$165.52
Days on Market116
Property Features for 308 S 11th St
General Information
- Standard status
- Active
- Size
- 2,332 SF
- Lot size
- 0.17 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 2026
Listing Agency
(832) 998-0750
Listed by
Aaron Plumlee
(832) 998-0750
Source
Elliman
Added: Mar 24 Checked: Jul 17 at 6:20 am
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 Aaron Plumlee
Investment Insights
Based on property information with market context.
This new construction duplex, built by a Houston builder, is located near the heart of Conroe in the Earthman community. Each unit features 3 bedrooms and 2 full bathrooms within 1,166 square feet, totaling 2,332 square feet for the entire duplex. The units are constructed with flooring, a kitchen, countertops, backsplash, bathroom vanities, and cabinetry. The bedrooms offer closet space. The property is suitable for families and investors, with a tax rate of 1.9%.
Key Highlights
- New construction duplex built in 2026
- Each unit features 3 bedrooms and 2 full bathrooms with 1,166 sq ft
- Located near Conroe in the quiet Earthman Community
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 | $39.7k | $17.04 |
| − Vacancy | −$2.6k | −$1.11 |
| EGI | $37.2k | $15.93 |
| − OpEx | −$11.1k | −$4.78 |
| NOI | $26.0k | $11.15 |
2,332 SF · lease $17.04/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$371.5K
$325.1K – $433.5K
NOI $26,008 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$350.0K
$306.3K – $408.4K
NOI $24,502 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$588.7K
$515.1K – $686.8K
NOI $41,210 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New construction duplex in Conroe, ideal for families/investors.
Where is this duplex located?
The property is located at 308 S 11th St Conroe, TX.
What is the asking price?
The asking price for this property is $386,000.
What are key features of this property?
This property features: New construction duplex built in 2026; Each unit features 3 bedrooms and 2 full bathrooms with 1,166 sq ft; Located near Conroe in the quiet Earthman Community
