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Days42Days on Market
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$349,900

120 Parkgate Street, Conroe, TX, 77304

$430,183 ARVInfo
On MarketInfo
Beds6 Beds
Baths3 Bath
Baths2,853 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.64 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesElectric Oven, Electric Cooktop, Electric Range

Exterior

Lot Size9,601 sqft

Building Information

Year Built1967
Roof Type105
Garage Spaces2

Land Information

APN7750-01-00200
Lot Number2
SubdivisionParkwest
Land UseCommercial
Legal DescriptionPARKWEST, BLOCK 1, LOT 2
Census Tract693600
Assessed Land Value$76,805
Assessed Improvement Value$250,845
Assessment Year2025

About this property

Discover a rare investment opportunity in a coveted areas of Conroe. Formerly operated as a senior care facility, this property offers exceptional flexibility for a variety of residential or commercial uses. Ideally situated just off highly traveled Hwy 105, the location provides accessibility, visibility, and convenience while still offering a private setting. The property is well-positioned for entrepreneurs, investors, or business owners seeking a strategic location near major retail, medical, and residential growth corridors. With easy access to Interstate 45, downtown Conroe, and the rapidly expanding Lake Conroe area, the possibilities are extensive. Whether you envision continuing operations as a care facility, converting to office or medical space, creating a specialty housing concept, or redeveloping for another commercial venture, this property presents an outstanding opportunity in a high-demand corridor with strong traffic exposure and continued area growth.

Investor Tools

Property Icon
$327,650
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$430,182
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,099 /month
Positive
Cash Flow Estimate:
$700 /month

Interested in this property?

Dawn Johnson

Synergy Real Estate Professionals

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$856/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,632
$327,650
2025
$76,805
$250,845
$327,650
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$8,632
$327,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rh&T
Stand Alone First / Home Equity First Lien
$1,020,800
No
First
Apr 5, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$982,522
N/A
0%
300%
$6,121/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Conroe

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120 Parkgate Street | Property Details | No Agent List