1510 Odd Fellow St - Apartments FOR SALE


Conroe, TX 77301
$2,700,000 USD
832-646-0222
1510 Odd Fellow St, Conroe, TX for Sale
$2,700,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1510 Odd Fellow St
Conroe, TX 77301


HIGHLIGHTS

  • Four buildings containing 30 apartment units.
  • Located near Downtown Conroe amenities and services.
  • Convenient access to Interstate 45 and the Houston region.
  • Includes a mix of one-bedroom and two-bedroom residences.
  • Built in 1965 and situated on approximately 0.81 acres.
  • Historical marketing materials reported full occupancy.

OVERVIEW

1510 Odd Fellow Street presents an opportunity to acquire a multifamily asset in Conroe, one of the Houston region's fastest-growing communities. The property consists of four apartment buildings containing 30 residential units and is situated on approximately 0.81 acres. The unit mix includes one-bedroom and two-bedroom residences, providing diversification across multiple renter profiles. Historical marketing materials indicate the property has maintained full occupancy, while the site also includes additional land area that may support future improvements or operational enhancements subject to applicable regulations. The asset benefits from a location near Downtown Conroe, providing residents access to local dining, retail services, employment centers, government offices, and community amenities. Conroe serves as a major population and employment hub within Montgomery County and offers convenient connectivity to Interstate 45, supporting access throughout the greater Houston metropolitan area. The area's continued residential and commercial growth has contributed to sustained multifamily demand and ongoing investment activity. Property amenities reported in historical listings include on-site laundry facilities, picnic areas, walk-up access, tenant-controlled HVAC systems, and unit features such as balconies or patios, large closets, and appliance packages. The combination of an established apartment community, access to regional transportation corridors, and proximity to downtown services positions the property as a multifamily investment opportunity within a growing North Houston submarket.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

30

PRICE/UNIT

$90,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tanglewood Conroe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

66

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

1

APN/PARCEL ID

7920-00-06000

ASK ABOUT THIS PROPERTY

Fabian CastaTanglewood ApartmentsMore Info
832-646-0222

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Fabian CastaTanglewood ApartmentsMore Info
832-646-0222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.