$420,000
1500 S 3rd St, Conroe, TX, 77301
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About this property
This turnkey investment offers a hassle-free opportunity with steady cash flow. Each +/-800 sqft unit is individually metered and features 2 bedrooms, 1 bathroom, a kitchen, and a living room. The property includes ample parking and a large backyard with a park-like setting, providing potential for additional development to further increase income. Exterior features include a storage unit and a trash container. Long-term tenants with leases already in place ensure stable revenue. Ideally located near The Woodlands and Conroe, this property is an excellent addition to any investment portfolio. Don’t miss out on this high-performing asset. Recent upgrades include laminate flooring, granite countertops, black appliances, fresh paint, washer/dryer hookups, new water heaters, HVAC systems, and furnaces. The roof was replaced in 2018.
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Learn About the Market: Opportunity in Texas




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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Conroe
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These are Deal List properties graded A+, A.
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