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    Adkins St Conroe, TX 77301

    For Sale
    $1,500,000

    4.29 Acres, Build 24 Duplexes or Homes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.29-acre residential land parcel in Conroe, Texas (Montgomery County, zip code 77301), presents a unique development opportunity. Priced at $1,500,000 ($8/sq ft), this fee simple property offers the flexibility to build either 24 duplexes or 24 single-family homes. Preliminary plat approval is in place, anticipating final civil and tree preservation plan approvals within 60-90 days. The land is partially cleared and accessible for viewing. Each lot, averaging 22.50 x 130 feet (approximately 2,925 square feet), will be individually platted and front a public road. Preliminary sketches illustrate potential duplex designs, each unit offering approximately 1,150 square feet with three bedrooms and two bathrooms. The property's potential for high rental income is significant, with market rates exceeding $1,500 per unit. The development could be gated for enhanced privacy. Horizontal construction will be the responsibility of the purchaser. This is a build-to-sell or build-to-rent opportunity, providing considerable investment potential. The property is located at Adkins St, Conroe, TX 77301. Note that Conroe has no zoning restrictions.

    Property Features for 0 Adkins St

    General Information

    Property type
    Land
    Lot Size
    186,872 SF

    HighLights

    • 48‑unit duplex development potential (24 duplexes).
    • Each 1,150 sq ft unit features 3 bedrooms and 2 baths on a 22.50' x 130' lot.
    • Ample parking with large driveways.
    • Build‑to‑sell or build‑to‑rent option available.
    • Above $1,500 monthly rental rates achievable.
    • Gated community option for enhanced privacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.45066
    Latitude
    30.32454

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    FAQs

    What type of property is this?
    Land - 4.29 Acres, Build 24 Duplexes or Homes
    Where is this land located?
    The property is located at Adkins St Conroe, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 48-unit duplex development potential (24 duplexes).; Each 1,150 sq ft unit features 3 bedrooms and 2 baths on a 22.50' x 130' lot.; Ample parking with large driveways.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Adkins St Conroe, TX 77301
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