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Property profile & analytics
OFF-MARKET
Garden apartment buildings

24341 Frd Rd Porter, TX 77365-9519

6,126 SF 1.16 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
Property ID
US83-2376331
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1984
Construction FRAME
Total area 6,126 SF
Lot 1.16 ac (50,617 SF)
Zoning code 5
APN 9509-00-08500
UPID US83-2376331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • White Oak Rd Apartments Apartment Complex Apartment Building
  • Mom's Poppin Plates(opens June 2020 Restaurant
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
WHITE OAK APARTMENTS
WHITE OAK APARTMENTS
Zoning & alternative use
5 · Porter, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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