Excellent investment opportunity in growing East Montgomery County! This fully occupied 12-unit apartment complex sits on one unrestricted acre. Each unit offers one bedroom and one bathroom and is leased under a one-year agreement, with monthly rents ranging from $800 to $900. Property features include a new roof, fresh interior and exterior paint, and updated laminate flooring, onsite laundry area. Currently served by a private water well, the property is in the process of transitioning to public utility service. Conveniently located approximately eight miles from Highway 59/I-69, providing easy access to shopping, dining, employment centers, and surrounding communities while maintaining a quiet country setting. The property currently generates $9,750 in rental income. An excellent income-producing opportunity for investors!
For sale
Price cut: $10K (8/27)
$950,000
16211 Fm 3083 Rd, Conroe, TX 77302
--beds
0baths
2,232sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$426/sqft
$-- HOA
What's special
Updated laminate flooringOnsite laundry areaQuiet country settingNew roof
- 9 days
- 71
- 6
Zillow last checked:
Listing updated:
Listed by:
Leslie Fernandez TREC #0513729 832-646-3795,
Texas Ally Real Estate Group, LLC
Source: HAR,MLS#: 31930999
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- Attic Fan, Ceiling Fan(s), Electric
Appliances
- Included: Refrigerator
- Laundry: Common Area
Features
- Flooring: Laminate
Interior area
- Total structure area: 2,232
- Total interior livable area: 2,232 sqft
Property
Features
- Stories: 1
- Exterior features: Private Entrance
Lot
- Size: 1 Acres
- Features: Cleared, 1/2 Up to 1 Acre
Details
- Parcel number: 309838
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Cement Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Utilities for property: Electricity Available, Water Connected
Green energy
- Energy efficient items: Attic Vents
Community & HOA
Community
- Subdivision: Colista E Granger
Location
- Region: Conroe
Financial & listing details
- Price per square foot: $426/sqft
- Tax assessed value: $612,000
- Annual tax amount: $9,669
- Date on market: 8/21/2026
- Listing terms: Cash,Conventional,Investor
- Lease term: 1 Year,Month To Month
Estimated market value
Not available
Estimated sales range
Not available
$1,166/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Price change | $950,000-1%$426/sqft |
Source:  HAR #31930999 Report a problem | ||
| 8/21/2026 | Listed for sale | $960,000$430/sqft |
Source: HAR #31930999 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,669 +0.6% | $612,000 -9.4% |
| 2024 | $9,616 +7.5% | $675,384 +20% |
| 2023 | $8,944 | $562,820 -1.2% |
| 2022 | -- | $569,710 +143% |
| 2021 | $4,334 -4.7% | $234,420 -1.5% |
| 2020 | $4,546 -3.2% | $237,950 -1.5% |
| 2019 | $4,695 -3.5% | $241,490 |
| 2018 | $4,865 -31.3% | $241,490 -31.1% |
| 2017 | $7,076 +26.8% | $350,620 +27% |
| 2016 | $5,581 +0.1% | $276,160 |
| 2015 | $5,575 | $276,160 |
| 2014 | $5,575 | $276,160 +2.2% |
| 2013 | -- | $270,150 |
| 2012 | -- | $270,150 +14.2% |
| 2011 | -- | $236,660 +9.8% |
| 2010 | -- | $215,630 |
| 2009 | -- | $215,630 |
| 2008 | -- | $215,630 +18.6% |
| 2007 | -- | $181,810 +3.2% |
| 2006 | -- | $176,120 +11.7% |
| 2005 | -- | $157,660 -0.3% |
| 2004 | -- | $158,210 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Grangerland
Nearby schools
Schools provided by the listing agent
- Elementary: Milam Elementary School (Conroe)
- Middle: Moorhead Junior High School
- High: Caney Creek High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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