0 Adkins St Conroe, TX 77301
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.