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$275,000

731 Martin Luther King Jr Dr, Montgomery, TX, 77356

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths912 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$301.54 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace

Exterior

Lot Size1 acre

Building Information

Year Built1960
Stories1
Roof Type112

Land Information

APN0031-01-03601
SubdivisionRigsby Ben J
Land UseResidential
Legal DescriptionA0031 A0031 - RIGSBY BEN J, TRACT 36, ACRES 1, IMP ONLY
Census Tract694601
Assessed Improvement Value$52,203
Assessment Year2025

About this property

Rare opportunity to purchase two homes on approximately 2 acres in the heart of Historic Montgomery! This offering includes 731 and 729 Martin Luther King Jr. Blvd. and must be sold together. Each property sits on approximately one acre and includes an existing home ready for a complete renovation. Whether you're looking to create a multi-generational family compound, investment property, rental opportunity, or restore both homes into charming residences, the possibilities are endless. Enjoy mature trees, open space, and a peaceful setting just minutes from Historic Downtown Montgomery, local shopping, restaurants, schools, and Lake Conroe. Bring your vision and transform this unique property into something truly special. Properties are being sold together as one package . Endless possibilities: Family Compound, investment Opportunity,Weekend Retreat, Boutique Vacation Rentals, Bed and Breakfast Concept, or Artist Retreat or Studio Don't miss this one!

Investor Tools

Property Icon
$192,000
Estimated Property Value
$0Estimated Mortgage Balance
$192,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Glenda Jackson

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$842
$50,030
2025
N/A
$52,203
$52,203
No

Tax History

Year
Tax Paid
Assessed Value
2024
$842
$50,030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$192,000
100%
0%
$0/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: Montgomery

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731 Martin Luther King Jr Dr | Property Details | No Agent List