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Days150Days on Market
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$350,000

317 W Lewis Street, Conroe, TX, 77301

On MarketInfo
CommercialInfo
Beds5 Beds
Baths3 Bath
Baths2,582 Sq Ft
Multi FamilyMulti Family
price_per_sqft$135.55 / sqft
Year BuiltBuilt in 1990

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRange, Dishwasher
FlooringLaminate, Hardwood

Exterior

Lot Size15,625 sqft

Building Information

Year Built1990

Land Information

APN2220-00-37101
Lot Number11-15
SubdivisionAyres 01
Land UseCommercial
Legal DescriptionS222000 - AYRES 01, BLOCK 21, LOT 11-15
Census Tract693503
Assessed Land Value$117,188
Assessed Improvement Value$354,194
Assessment Year2025

About this property

MULTI-FAMILY UNIT in the HEART of CONROE! The main home is roughly 2582 sf with 5 potential bedrooms and 3 bathrooms. There are 3 exit doors which give the possibility of converting this into multiple units as well. In addition to the main house there is a separate building with 2 apartments. The upstairs apartment is 1 bed and 1 bath with roughly 644 sf. The downstairs unit is 2 bedrooms and 1 bath with roughly 924 sf. It all sits on a massive corner lot in the heart of Conroe! Potential for almost anything you would like to do with the place. Anything and everything anybody could want or need is just a short walk or drive away. Food, clothing, entertainment, school, and much more are a moment away. Take advantage of this opportunity. Don't miss out on a property with this kind of potential. Conroe, Willis, The Woodlands, Montgomery, Houston, IAH, and LAKE CONROE are at your fingertips. Opportunity knocks....

Investor Tools

$167,601Estimated Mortgage Balance
$303,781Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,828 /month
Positive
Cash Flow Estimate:
$943 /month

Interested in this property?

Michael Goins

Lake Homes Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$196/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$471,382
2025
$117,188
$354,194
$471,382
Yes (2019)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$471,382

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thomas Polk
Unknown
$194,750
No
First
Jun 25, 2019
Jun 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,601
$303,781
64%
36%
$1,168/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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317 W Lewis Street | Property Details | No Agent List