$299,900
↓ $25K (7.7%)
●
House -
For Sale
120 Parkgate Street
Conroe, TX 77304
4 Beds
3 Baths
2,853 Ft²
$1,994
Est. Monthly
About This Property
Discover a rare investment opportunity in a coveted area of Conroe.
Formerly operated as a senior care facility, this property offers
exceptional flexibility for a variety of residential or commercial
uses. Ideally situated just off Hwy 105, the location provides
accessibility, visibility, and convenience while still offering a
private setting. The property is well-positioned for entrepreneurs,
investors, or business owners seeking a strategic location near
major retail, medical, and residential growth corridors. With easy
access to Interstate 45, downtown Conroe, and the rapidly expanding
Lake Conroe area, the possibilities are extensive. Whether you
envision continuing operations as a care facility, converting to
office or medical space, creating a specialty housing concept, or
redeveloping for another commercial venture, this property presents
an outstanding opportunity in a high-demand corridor with strong
traffic exposure and continued area growth.
Unit Size
2,853 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$105
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1967
Listed By
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 15 days ago (HAR #47338347)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$299,900
↓ $25K
(7.7%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$325,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Aug 4, 2026 | Price Decreased |
$339,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$344,900
↓ $5K
(1.4%) | |
| Price Decreased | |||
| May 5, 2026 | Listed by Synergy Real Estate Professionals | $349,900 | |
| Listed by Synergy Real Estate Professionals | |||
Property Highlights
Interior Details
Full Bathrooms: 3
Interior Features: All Bedrooms Down, En-Suite Bath
Appliances: Electric Oven, Electric Cooktop, Electric Range
Exterior Details
Square Footage: 2853
Architectural Style: Traditional
Year Built: 1967
Building Area Total: 2853
Construction Materials: Brick, Wood Siding
Lot Features: Cleared, Subdivided, 0 Up To 1/4 Acre
Lot Size Area: 0.2204
Lot Size Units: Acres
Lot Size Acres: 0.2204
Lot Size Square Feet: 9600.624
Water Source: Public
Financial Details
Tax Annual Amount: $6,249
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Parkwest
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Dawn Johnson, Synergy Real Estate Professionals
Last Updated: 15 days ago
Data Source: HAR , MLS# 47338347
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 15 days ago
Data Source: HAR , MLS# 47338347
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017