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Investment Highlights

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

Executive Summary

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.

Property Facts

Price $3,739,851 CAD
Price Per Unit $124,662 CAD
Sale Type Investment
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.81 AC
Building Size 20,556 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Parking Ratio 1.94/1,000 SF
Opportunity Zone Yes
Zoning 1 - Commercial

Amenities

Unit Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Views
  • Carpet
  • Grill
  • Patio

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Picnic Area
  • Tenant Controlled HVAC
  • Recycling
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 13 - 650
2+1 16 - 950
2+1.5 1 - 950
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
7920-00-06000
Land Assessment
$97,261 CAD
Improvements Assessment
$2,188,204 CAD
Total Assessment
$2,285,465 CAD
  • Listing ID: 41921170

  • Date on Market: 2026-08-28

  • Last Updated:

  • Address: 1510 Odd Fellow St, Conroe, TX 77301

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