24341 Frd Rd Porter, TX 77365-9519
This exceptional multifamily investment opportunity in Porter, Texas, presents 136 units across 15 buildings, boasting a remarkable 95% occupancy rate. Built in phases between 1984 and 2000, this complex comprises a mix of one- and two-bedroom apartments ranging from 624 to 886 square feet. The property sits on a 7.24-acre lot and features three on-site laundry facilities and a recreation center for residents. Individual utility metering is in place, with services provided by Porter MUD and Porter SUD. Located within the highly sought-after New Caney ISD, the complex enjoys convenient access to major thoroughfares, including easy access to Loop 494, I-69 (Hwy 59), and FM 1314, with Hwy 99 (Grand Pkwy) within three miles. Commuting is simplified by its proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 17 minutes away. Nearby amenities include Valley Ranch Town Center, Northpark Marketplace, and the Grand Texas Entertainment District, offering residents a wealth of shopping, dining, and entertainment options. The property is being sold "As Is Where Is." Appointments are required for viewing.
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White Oak Rd Apartments Apartment Complex Apartment Building
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Mom's Poppin Plates(opens June 2020 Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
5 · Porter, TXPorter. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.