Amazing Investment Opportunity in the Heart of Conroe! Don’t miss this rare chance to own two well-maintained multi-unit buildings — one with 2 units and the other with 4 units — ideally situated near shopping, dining, and major roadways. Each spacious unit features 2 bedrooms and 2.5 bathrooms, covered parking for 2 vehicles, and in-unit laundry for tenant convenience. Every unit has been beautifully renovated with quartz or granite countertops, stainless steel appliances, full-size refrigerators, and updated bathrooms. Bedrooms include walk-in closets, and each unit offers a private fenced patio perfect for outdoor enjoyment. The buildings are also wired with electronic security systems for added peace of mind. With modern finishes, thoughtful upgrades, and a prime location, this property provides strong rental demand and excellent return potential — a turnkey, tenant-ready investment opportunity you won’t want to miss!
For sale
Price cut: $150K (2/24)
$1,100,000
407 W Semands St, Conroe, TX 77301
2beds
7,200sqft
Est.:
Multi Family
Built in 1967
-- sqft lot
$-- Zestimate®
$153/sqft
$-- HOA
What's special
- 64 days |
- 178 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: March 13, 2026 at 02:03pm
Listed by:
Kathy Montes TREC #0607424 713-828-0766,
Executive Texas Realty,
Paul Stovall TREC #0830344 281-871-9720,
Executive Texas Realty
Source: HAR,MLS#: 31322563
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Range, ENERGY STAR Qualified Appliances, Disposal, Microwave, Dishwasher, Refrigerator
- Laundry: Washer/Dryer Connections
Features
- Flooring: Carpet, Laminate, Tile, Vinyl
- Has fireplace: Yes
- Fireplace features: Fireplace
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
Property
Parking
- Parking features: Carport, Two Parking Units
- Has carport: Yes
Features
- Stories: 2
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Size: 0.34 Acres
- Features: Corner Lot
Details
- Additional parcels included: 79200005000
- Parcel number: 139123
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Batts Insulation, Brick, Stucco, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Utilities for property: Separate Meters, Cable Connected, Electricity Available, Natural Gas Connected, Water Connected
Green energy
- Energy efficient items: Attic Vents, Thermostat, HVAC, Exposure/Shade
Community & HOA
Community
- Subdivision: Pine Hill
Location
- Region: Conroe
Financial & listing details
- Price per square foot: $153/sqft
- Tax assessed value: $400,000
- Annual tax amount: $7,452
- Date on market: 1/26/2026
- Listing terms: Cash,Conventional,FHA,Investor,VA Loan
- Exclusions: W/D Unit 415
- Lease term: 1 Year
Estimated market value
Not available
Estimated sales range
Not available
$1,233/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Price change | $1,100,000-12%$153/sqft |
Source:  HAR #31322563 Report a problem | ||
| 2/19/2026 | Listed for rent | $1,600+6.7% |
Source:  HAR #96822971 Report a problem | ||
| 1/26/2026 | Price change | $1,250,000-7.4%$174/sqft |
Source: HAR #31322563 Report a problem | ||
| 10/15/2025 | Listed for sale | $1,350,000$188/sqft |
Source: HAR #68627709 Report a problem | ||
| 12/14/2024 | Listing removed | $1,500-6.3% |
Source: Zillow Rentals Report a problem | ||
| 12/6/2024 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 1/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/26/2022 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 2/23/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/14/2022 | Price change | $1,600-11.1% |
Source: Zillow Rental Manager Report a problem | ||
| 2/11/2022 | Listed for rent | $1,800+157.1% |
Source: Zillow Rental Manager Report a problem | ||
| 8/30/2014 | Listing removed | $700 |
Source: TexasRenters.com, LLC #29108314 Report a problem | ||
| 7/31/2014 | Price change | $700-6.7% |
Source: TexasRenters.com, LLC #29108314 Report a problem | ||
| 7/16/2014 | Listed for rent | $750 |
Source: TexasRenters.com, LLC #29108314 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,628 +2.4% | $400,000 -10.2% |
| 2024 | $7,452 -0.3% | $445,261 +14.2% |
| 2023 | $7,474 | $390,000 |
| 2022 | -- | $390,000 +90.1% |
| 2021 | $4,485 | $205,160 |
| 2020 | -- | $205,160 |
| 2019 | $4,681 -2.2% | $205,160 |
| 2018 | $4,784 -26.3% | $205,160 -26.1% |
| 2017 | $6,494 -0.8% | $277,710 -0.8% |
| 2016 | $6,543 -19.5% | $279,810 |
| 2015 | $8,131 | $279,810 -18.9% |
| 2014 | $8,131 | $344,940 +86.1% |
| 2013 | -- | $185,380 |
| 2012 | -- | $185,380 -5.6% |
| 2011 | -- | $196,400 +21.3% |
| 2010 | -- | $161,890 |
| 2009 | -- | $161,890 -16.8% |
| 2008 | -- | $194,510 +3.1% |
| 2007 | -- | $188,610 |
| 2006 | -- | $188,610 +19.1% |
| 2005 | -- | $158,380 -2.2% |
| 2004 | -- | $162,000 |
| 2002 | -- | $162,000 |
| 2001 | -- | $162,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,101/mo
Principal & interest
$5598
Property taxes
$1503
More affordability tools
Climate risks
Neighborhood: 77301
Nearby schools
GreatSchools rating
- 3/10Travis Intermediate SchoolGrades: 5-6Distance: 0.5 mi
- 5/10Peet Junior High SchoolGrades: 7-8Distance: 1.4 mi
- 5/10Conroe High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Houston Elementary School (Conroe)
- Middle: Peet Junior High School
- High: Conroe High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 77301
- Texas
- Montgomery County
- Conroe
- 77301
- 407 W Semands St
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