Three-Bedroom Income
For Sale
$349,000
1010 E Marble Street, Burnet, TX 78611
MULTI_FAMILY - Burnet, TX
Property Size1,601 SF
Lot Size0.11 Acres
Price / SF$217.99
Days on Market187
Property Features for 1010 E Marble Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Appliances
Commercial Stove, Dishwasher, Disposal, Microwave, Electric Range, Washer Hookup
Subdivision
Johnson Add/Bur
Elementary school district
Burnet
Middle school district
Burnet
High school district
Burnet
Directions
From Highway 29 take S Hill St south, turn left on Marble. Duplex is on the left.
Standard status
Active
APN
011967
Size
1,601 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
S5550 JOHNSON ADDITION LOT 8 BLK 17 0.0000
Legal Description
S5550 JOHNSON ADDITION LOT 8 BLK 17 0.0000
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Number of units
1
Flooring type
Tile, Concrete, Carpet
Building materials
Wood Siding, Metal
Roof type
Composition
Listing Agency:
ListingSpark
(877) 897-7275
Listed By:
Aaron Jistel · License #0548216
(877) 897-7275
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 25 at 1:06PM
MLS# 176559
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property is an under-construction residence measuring 1,601 square feet, with three bedrooms and 2.5 bathrooms. The home includes a dedicated driveway, central air, carpet, tile, and concrete flooring, along with wood siding and metal construction materials. A composition roof is planned, and the property carries a 2026 year built designation.
Located at 1010 E Marble Street in Burnet, Texas, the 0.11-acre property is served by public water and public sewer. Interior equipment includes a commercial stove, dishwasher, disposal, microwave, electric range, and washer hookup. The room layout includes three bedrooms and two bathrooms, with the additional half bath reflected in the property details.
Located at 1010 E Marble Street in Burnet, Texas, the 0.11-acre property is served by public water and public sewer. Interior equipment includes a commercial stove, dishwasher, disposal, microwave, electric range, and washer hookup. The room layout includes three bedrooms and two bathrooms, with the additional half bath reflected in the property details.
Key Highlights
- 1,601‑square‑foot residence with three bedrooms and 2.5 bathrooms
- 0.11‑acre residential income property at 1010 E Marble Street
- Under construction with a 2026 year built designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,460
$290.5K
Cap Rate 7%
$207,471
$207.5K
Cap Rate 9%
$161,367
$161.4K
Market Conditions
NOI Build-Up for 1,601 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.2K $17.64/SF
− Vacancy
−$1.8K −$1.15/SF
EGI
$26.4K $16.49/SF
− OpEx
−$11.9K −$7.42/SF
NOI
$14.5K $9.07/SF
Area
Burnet County, TX
Vacancy
6.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$290,460
Cap Rate 7%
$207,471
Cap Rate 9%
$161,367
Alternative Uses
Best Use
Apartment 5plus
$207.5K
$181.5K – $242.1K
NOI $14,523 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.21M
$1.06M – $1.41M
NOI $84,413 @ 7.0% cap · market cap 24.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 78611, TX
14,839
Population
7,417
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
274.1 sq mi
ZIP Area
54
Density / Sq Mi
$78,243
Median Household Income
$40,062
Median Earnings
$1,111
Median Rent
$291,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residence with central air, a dedicated driveway, and a practical mix of living and utility features.
Where is this residential income property located?
The property is located at 1010 E Marble Street Burnet, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,601‑square‑foot residence with three bedrooms and 2.5 bathrooms; 0.11‑acre residential income property at 1010 E Marble Street; Under construction with a 2026 year built designation
