Two-Unit Duplex with Covered
9740-9744 Grosbeak Ln, Magnolia, TX 77354
For Sale
$469,900
Both homes feature island kitchens, stainless steel appliances, and granite countertops.
Property Size2,662 SF
Price / SF$176.52
Days on Market47
Property Features for 9740-9744 Grosbeak Ln
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
fenced back yard
covered back patio
island kitchen
stainless appliances
granite counters
tile backsplash
brushed nickel fixtures
cultured marble vanity sinks
walk-in tile shower
wood-look LVT flooring
Building Details
Year Built
Listing Agency:
Signature Real Estate
Listed By:
Erion Shehaj · License #0516948
(713) 922-2702
Source:
Thebandpteam
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 7 at 3:24PM
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 Signature Real Estate
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two attached townhomes. Each residence has three bedrooms, two bathrooms, a two-car garage, a fenced backyard, and a covered rear patio. Interior features include a large living room, an island kitchen with stainless steel appliances and granite counters, and wood-look LVT plank flooring. The primary bathroom has a tiled walk-in shower.
Both units are leased. The property is at 9740-9744 Grosbeak Ln in Magnolia, about three miles west of The Woodlands. Students attend Magnolia ISD schools.
Both units are leased. The property is at 9740-9744 Grosbeak Ln in Magnolia, about three miles west of The Woodlands. Students attend Magnolia ISD schools.
Key Highlights
- Two attached townhomes; both units are leased
- Each home has 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Built in 2022; 2,662 SF property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,688
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
$593.8K
Cap Rate 7%
$424,114
$424.1K
Cap Rate 9%
$329,867
$329.9K
Market Conditions
NOI Build-Up for 2,662 SF
Gross rent
$45.4K $17.04/SF
− Vacancy
−$2.9K −$1.11/SF
EGI
$42.4K $15.93/SF
− OpEx
−$12.7K −$4.78/SF
NOI
$29.7K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
Cap Rate 7%
$424,114
Cap Rate 9%
$329,867
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$399.6K
$349.6K – $466.2K
NOI $27,970 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$672.0K
$588.0K – $784.0K
NOI $47,042 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
23
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
$379,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Montgomery County, TX
Properties on Market for Duplexes in Montgomery County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes feature island kitchens, stainless steel appliances, and granite countertops.
Where is this duplex located?
The property is located at 9740-9744 Grosbeak Ln Magnolia, TX.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two attached townhomes; both units are leased; Each home has 3 bedrooms, 2 bathrooms, and a 2‑car garage; Built in 2022; 2,662 SF property
