This income generating 4-acre property includes three tenant-occupied homes, all are on one-year leases. The two units are recently renovated 1,500 sq ft home with 3 bedrooms and 2 bathrooms. The third is a 2-bedroom home on a pier and beam foundation. Two units have brand new appliances. The land is partly fenced, has a water well and two septic tanks, and is great for livestock or horses. It's located on FM 362, a growing road that connects I-10, US 290, FM 1488, and the future SH 105/249. The property is about 4 miles from US 290 and Waller High School. Nearby developments include a 520-acre site by Wolff Companies, a new Toyota dealership, and Daikin’s large facility employing 6,000+. A 450-acre town center is also planned nearby. US 290’s expansion & the Grand Parkway make this area easy to reach. Great potential for commercial, residential, or industrial use. Waller is growing fast & this property is in the path of major development. Generating $5000+ rent per month, cant miss.
For sale
$975,000
24106 Fm 362 Rd, Waller, TX 77484
3beds
4,000sqft
Est.:
Triplex
Built in 2015
-- sqft lot
$932,400 Zestimate®
$244/sqft
$-- HOA
What's special
Water wellBrand new appliances
- 31 days
- on Zillow |
- 116 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 05:11am
Listed by:
Sreeni Todupunoori TREC #0751619 281-241-9242,
Texas Signature Realty
Source: HAR,MLS#: 95746245

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Propane
Cooling
- Electric
Appliances
- Included: Range, Disposal, Microwave, Dishwasher, Refrigerator
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
Video & virtual tour
Property
Features
- Stories: 1
Lot
- Size: 4.01 Acres
- Features: Cleared, 2 Up to 5 Acres
Details
- Parcel number: 339500011001100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 2015
Community & HOA
Location
- Region: Waller
Financial & listing details
- Price per square foot: $244/sqft
- Tax assessed value: $324,412
- Annual tax amount: $1,923
- Date on market: 7/9/2025
- Lease term: 1 Year
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