36
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308 E Phillips Street
About This Property
The home features two bedrooms and one bathroom, a large living area, and a spacious kitchen, along with an oversized formal dining room perfect for gatherings. Despite being located on a main road, the property maintains generous yard space. At the back of the property, separate from the main home, is an additional building that includes a laundry room and two extra spaces, ideal for offices, guest rooms, or flex use. And a full restroom. Come tour this charming home and fall in love with its location, space, and versatility!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | $235,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | |||
| Jul 19, 2026 | No longer available | - | |
| No longer available | |||
| Mar 5, 2026 | Price Decreased |
$258,000
↓ $10K
(3.7%) | |
| Price Decreased | |||
| Jan 23, 2026 | Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | $268,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | |||
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If location sells, consider this one a hot deal! Situated in the heart of downtown Conroe, this home offers unbeatable walkability to shopping, grocery stores, and a variety of local and authentic dining options.
The home features two bedrooms and one bathroom, a large living area, and a spacious kitchen, along with an oversized formal dining room perfect for gatherings. Despite being located on a main road, the property maintains generous yard space. At the back of the property, separate from the main home, is an additional building that includes a laundry room and two extra spaces, ideal for offices, guest rooms, or flex use. And a full restroom. Come tour this charming home and fall in love with its location, space, and versatility!
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| Jan 21, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
Building Info
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Price/ft²
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About Downtown Conroe
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$1,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017