Improved Mixed-Use Land for Sale in Madisonville, Texas
5 Manning Ln Madisonville, TX 77864
*Square footage noted is only for the triplex. This consists of 4 properties being sold together.*
Investment Opportunity in Madisonville, TX: Multi-Residence Property on Nearly 12 Acres
Discover an amazing and unique investment opportunity in the heart of Madisonville, TX! This expansive property features four residences, providing a variety of rental options and income potential. The main house is a charming 1.5-story single-family home, beautifully updated with granite countertops and new kitchen cabinets. In addition, there is a cozy 2-bedroom, 2-bathroom single-family residence, a fully rented duplex on a month-to-month basis offering steady rental income, and a triplex with additional rental units to maximize your investment returns.
Situated on almost 12 acres with road frontage on two sides, this property offers ample room for expansion and development. The stunning pond at the back of the property provides a serene setting, perfect for creating a retreat or enhancing tenant appeal. Located within city limits, residents can enjoy convenient access to city amenities while being close to all local attractions. The property is approximately 90 minutes from Houston and 45 minutes from Bryan/College Station, making it an ideal location for commuters or those seeking a peaceful yet connected lifestyle.
Don't miss out on this incredible investment opportunity to own a versatile and income-generating property in Madisonville, TX!
Includes Address's 1,4,5 & 6 W. Manning Lane; PID#s 17254, 17253, 17256 & 28251
Property details
- County
- Madison County
- Zoning
- R
- Elevation
- 282 feet
- MLS Number
- WAR 223025
- Date Posted
Legal description
A0010 JOB S COLLARD TRACT 67-3 8.63 ACRES
Parcels
- 17254
Property taxes
- 2023
- $8,823
Detailed attributes
Listing
- Type
- Commercial
Lot
- Views
- Water
Structure
- Materials
- Brick Veneer
- Roof
- Composition Shingle
- Cooling
- Central A/C
- Heating
- Central Furnace
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 11, 2024 | Price drop | $650,000 | $45,000 -6.5% | WAR |
May 20, 2024 | New listing | $695,000 | — | WAR |