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$401,000

NAL Estimated Property Value

18770 & 18772 Oakridge Drive, Cleveland, TX, 77328

Off MarketInfo
CommercialInfo
Beds5 Beds
Baths4 Bath
Baths2,758 Sq Ft
Multi FamilyMulti Family
price_per_sqft$126.9 / sqft
Year BuiltBuilt in 2001

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher

Exterior

Lot Size2.79 acres

Building Information

Year Built2001
Stories1
Roof Type105

Land Information

APN7641-00-01100
Lot Number11
SubdivisionOakridge Ranch
Land UseResidential
Legal DescriptionOAKRIDGE RANCH, LOT 11, ACRES 2.790
Census Tract694002
Assessed Land Value$139,500
Assessed Improvement Value$148,264
Assessment Year2025

About this property

Multi-family property in Oakridge Ranch! Two houses on 2.79 acres, each with privacy and room to expand. Main house: 3 beds, 2 baths. Second house: 2 beds, 2 baths with remodeled bathrooms and fresh paint. Ideal for multi-generational living or rental income. Each home has central electric heating/cooling, own septic, water well, driveway, carport, and shed. Backyard is fenced with surrounding trees for privacy. No HOA. Close to major highways with easy access to Cleveland and Conroe. Great investment opportunity!

Investor Tools

Property Icon
$401,000
Estimated Property Value
$246,425Estimated Mortgage Balance
$154,575Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,406 /month
Positive
Cash Flow Estimate:
$802 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$687/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,240
$287,764
2025
$139,500
$148,264
$287,764
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,240
$287,764

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brian Allen Collins
Seller Carryback / Seller Financing / Seller Take-Back
$252,000
No
First
Feb 10, 2025
Feb 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,425
$154,575
38%
61%
$1,511/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: Cleveland

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18770 & 18772 Oakridge Drive | Property Details | No Agent List