32607 Octavia Drive, Magnolia, TX 77354

• 3 beds |
• 2 baths |
• 1,440 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 20, 2026

Data Last Updated:

July 22, 2026 at 5:06AM

Listing Office:

Spring Branch Realty Inc. : 346-367-2644

Listing Agent:

Aurelio Rodriguez : 1+713-330-9953

MLS ID:

39329802

Interior

• A/C: Electric
• Heating: Natural Gas

Exterior

• Style: Other
• Parking: No Garage

Construction

• Roofing: Composition
• General: OtherWood Siding1Pillar/Post/Pier

Location

• Originating MLS: Houston Association of Realtors
• School District: 36 - Magnolia
• County: Montgomery

Lot

• Zoning: ROYAL OAKS ON 1488 02LOT 110111MH SERIAL # C10234ATIT155783

Utilities

• Water: Public
• Sewer: Septic Tank

Financial

• Source: Houston Association of Realtors