$130,000 Last Listed Price
●
House -
Off Market
15268 Gideon Road
Conroe, TX 77306
Studio
0 Bath
1,456 Ft²
$765
Est. Monthly
About This Property
Situated on a sprawling 1.26-acre lot in the charming city of
Conroe, this property presents a unique opportunity for visionary
developers and investors. Offered in its current as-is condition,
this expansive parcel is primed for a new chapter in its story.
Nestled in a tranquil setting, the land is being sold at lot value,
providing a blank canvas for creative development. The
possibilities are endless as you envision and craft a project that
maximizes the potential of this generous space. Embrace the freedom
to bring your ideas to life in a location that combines the
tranquility of nature with the convenience of urban amenities.
Seize the chance to be part of the evolving landscape of Conroe,
where this property stands as a testament to untapped potential and
endless possibilities. Don't miss out on this rare offering that
invites you to shape the future of this 1.26-acre canvas. Drive out
and explore the potential that awaits at this promising address in
Conroe.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
1.26 acres
Price per sqft
$89
Property Type
House
Property Taxes
$126
HOA Dues
-
Year Built
1973
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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: 5 months ago (HAR #65670138)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2026 | Sold | ||
| Sold | |||
| Jan 5, 2026 | In contract | - | |
| In contract | |||
| Nov 27, 2025 | Price Decreased |
$229,900
↓ $10K
(4.2%) | |
| Price Decreased | |||
| Oct 28, 2025 | Listed by Coldwell Banker Realty - Lake Conroe/Willis | $239,900 | |
| Listed by Coldwell Banker Realty - Lake Conroe/Willis | |||
   | |||
|
Charming 4 bedroom on 1.26 acres in FM 1485 area. Spacious living area with beamed, raised ceilings. Renovated including laminate flooring, carpet, paint, stainless appliances, cabinets, fixtures, roof. Remodeled baths. Eat-in kitchen has space for a table and lots of storage. 2 carports, 1 large enough for an RV and an additional workshop area. Fenced yard with plenty of room for your projects. Just 3 miles from Caney Creek High School. Easy access to SH 242 and Hwy 99 from FM 1314.
| |||
| Mar 22, 2024 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Montgomery
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Listed by: Adam Olsen, eXp Realty, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 65670138
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Last Updated: 5 months ago
Data Source: HAR , MLS# 65670138
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