Listing Agency: NewQuest Properties Show Phone

Listed By: Glenn Dickerson Show Phone

Source: Moodyscre

Added: Nov 24, 2025 Changed: Aug 8 Last Checked: Aug 21 at 3:04PM

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Investment Insights

Based on property information with market context.

This portfolio of 57 vintage apartment units in Conroe, Texas, represents an investment opportunity. The city is experiencing rapid population growth and is located near Houston. The properties have historically maintained high occupancy rates with minimal rental increases, suggesting potential for rental growth under new ownership. Conroe's growth is attributed to its proximity to Houston, affordable living, and strong schools.

Key Highlights

• High occupancy rate indicates strong tenant demand.
• Significant rental growth potential for new owner.
• Located in Conroe, one of America's fastest‑growing cities.

Property Analytics

Property Profile

Current Use

Shady Acres Apartments Apartment Complex

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Dental Office Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

303

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - 57 vintage apartment units in rapidly growing Conroe, Texas.

Where is this apartment building located?

The property is located at 379 FM 3083 Conroe, TX.

What are key features of this property?

This property features: High occupancy rate indicates strong tenant demand.; Significant rental growth potential for new owner.; Located in Conroe, one of America's fastest‑growing cities.