32607 Octavia Dr, Magnolia, TX 77354

Beds
3
Baths
2
Sqft
1,440

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Listed bySpring Branch Realty
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Overview

Attention investors and developers! This rare opportunity features more than ½ acre of land on a highly desirable corner lot, offering excellent potential for future development while generating immediate rental income.
The property includes two existing rental homes (ALREADY LEASED), providing cash flow from day one. With its generous lot size, corner location, and development possibilities (subject to local zoning and approvals), this property is ideal for investors looking to expand their portfolio or explore new construction opportunities.
Whether you're seeking a buy-and-hold investment, redevelopment project, or a combination of both, this versatile property offers exceptional upside. Large parcels with existing income and building potential are increasingly difficult to find—don't miss this unique opportunity.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
3
Number of bathrooms
2
Square feet
1,440
Lot size (acres)
0.60
Year built
1985

Utilities

Heating
Natural Gas
Cooling
Electric
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount (2025)
$1,411

Public schools

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Sourced from: Houston Association of Realtors MLS®#: 39329802 Last checked:

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