1510 Odd Fellow St Conroe, TX 77301
This exceptional investment opportunity presents a portfolio of ten multifamily buildings comprising 57 vintage apartment units situated on approximately 3.81 acres in Conroe, Texas. The portfolio includes four distinct properties located at 1510 Odd Fellow St (30 units), 600 Hilliard St (8 units), 928 N 3rd St (10 units), and 379 FM 3038 Rd (9 units). These properties offer a mix of one, two, and three-bedroom units, totaling approximately 44,330 square feet of building space. The properties benefit from a high occupancy rate and significant potential for rental growth, given Conroe's rapid population expansion and its proximity to Houston. The portfolio is being sold as a whole and presents a compelling opportunity for investors seeking a substantial multifamily holding in a thriving Texas market. Individual property details include varying lot sizes, ranging from 0.33 acres to 2.00 acres, and some properties include vacant land parcels. The portfolio's location in Montgomery County provides access to excellent schools and amenities. This is a rare opportunity to acquire a well-established, high-performing multifamily portfolio in a rapidly growing area. The properties are sold as a package and are not available for individual purchase.
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Tanglewood Apartments Apartment Building Apartment Complex
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Class Piano High School
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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.