Five-Structure Multifamily
For Sale
$525,000
32403 Dobbin Huffsmith Road, Magnolia, TX 77354
The property includes a renovated two-bedroom home and a separate studio loft with a garage and workshop.
Property Size2,000 SF
Lot Size2.00 Acres
Price / SF$262.50
Days on Market38
Property Features for 32403 Dobbin Huffsmith Road
General Information
Standard status
Active
Size
2,000 SF
Lot size
2.00 Acres
Property subtype
Multi Family,Quadruplex
Units
Unit Mix
1 x 2BR/2BA, 1 x studio loft, 3 x 1BR
Multifamily Units
5
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,443
Amenities
patio
fenced yard
garage/workshop
carport
fenced area for livestock
Building Details
Building Size
2,000 SF
Year Built
1982
Buildings
5
Listing Agency:
Nextgen Real Estate Properties
Listed By:
Claudia Ramirez
(832) 466-8389
Source:
Legendlivingrealestate
Added: Sep 22
Changed: Oct 27
Last Checked: Oct 26 at 10:37PM
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 Nextgen Real Estate Properties
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Investment Insights
Based on property information with market context.
This two-acre property in Magnolia contains five separate units or structures and is currently used as a single-family residence. One home offers 1,216 square feet, two bedrooms, two bathrooms, a custom kitchen, updated flooring and bathrooms, a patio, and a fenced yard. A separate two-story studio loft has a deep three-car garage/workshop and its own driveway. The sale is as-is.
The site has a well and septic system and no deed restrictions. A fenced area provides space for livestock or possible expansion. Room sizes and permitted uses should be verified.
The site has a well and septic system and no deed restrictions. A fenced area provides space for livestock or possible expansion. Room sizes and permitted uses should be verified.
Key Highlights
- Five separate units or structures on 2 acres
- Renovated 1,216‑square‑foot home with 2 bedrooms and 2 bathrooms
- Two‑story studio loft with deep 3‑car garage/workshop and separate driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,014
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,280
$420.3K
Cap Rate 7%
$300,200
$300.2K
Cap Rate 9%
$233,489
$233.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$40.6K $20.28/SF
− Vacancy
−$2.4K −$1.18/SF
EGI
$38.2K $19.10/SF
− OpEx
−$17.2K −$8.60/SF
NOI
$21.0K $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%
$420,280
Cap Rate 7%
$300,200
Cap Rate 9%
$233,489
Alternative Uses
Best Use
Apartment 5plus
$300.2K
$262.7K – $350.2K
NOI $21,014 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 77354, TX
40,625
Population
15,747
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
74.2 sq mi
ZIP Area
548
Density / Sq Mi
$112,093
Median Household Income
$58,832
Median Earnings
$1,850
Median Rent
$379,700
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 - The property includes a renovated two-bedroom home and a separate studio loft with a garage and workshop.
Where is this multifamily property located?
The property is located at 32403 Dobbin Huffsmith Road Magnolia, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Five separate units or structures on 2 acres; Renovated 1,216‑square‑foot home with 2 bedrooms and 2 bathrooms; Two‑story studio loft with deep 3‑car garage/workshop and separate driveway
