Jourdanton Multifamily Investment
For Sale
$348,500
1103 Maple, Jourdanton, TX 78026
Multi-Family (2-8 Units), Jourdanton, TX
Property Size2,670 SF
Lot Size0.11 Acres
Price / SF$130.52
Days on Market209
Property Features for 1103 Maple
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Jourdanton
Middle school
Jourdanton
High school
Jourdanton
Elementary school district
Jourdanton
Middle school district
Jourdanton
High school district
Jourdanton
Subdivision
2900
Standard status
Active
Size
2,670 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6477
Building Details
Year built
2012
Listing Agency:
Brohill Realty Ltd
(830) 569-4455
Listed By:
John Paul Padgett · License #9002367
(830) 569-4455
Added: Jan 26
Changed: Aug 19
Last Checked: Aug 23 at 6:06AM
MLS# 1934157
Copyright © 2026 LERA 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 multifamily property, located in Jourdanton, TX, presents an investment opportunity with a history of low vacancy rates. The property consists of two units, addressed as 1101 and 1103 Maple Street. Each unit features three bedrooms and two bathrooms, along with a two-car garage. The property includes fenced back yards and has been professionally managed since its construction. The property size is 2,670 square feet and the lot size is 0.106 acres.
Key Highlights
- Great investment opportunity with low vacancy rate.
- Two units, each with 3 bedrooms and 2 baths.
- Each unit has a 2‑car garage.
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
$20,467
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
5.87%
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%
$409,340
$409.3K
Cap Rate 7%
$292,386
$292.4K
Cap Rate 9%
$227,411
$227.4K
Market Conditions
NOI Build-Up for 2,670 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
$33.0K $12.36/SF
− Vacancy
−$3.8K −$1.41/SF
EGI
$29.2K $10.95/SF
− OpEx
−$8.8K −$3.29/SF
NOI
$20.5K $7.67/SF
Area
Atascosa County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
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%
$409,340
Cap Rate 7%
$292,386
Cap Rate 9%
$227,411
Alternative Uses
Best Use
Multifamily LT 5
$292.4K
$255.8K – $341.1K
NOI $20,467 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 5.21%
Theoretical Best
Hotel Hospitality
$2.01M
$1.76M – $2.35M
NOI $140,776 @ 7.0% cap · market cap 40.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 78026, TX
6,181
Population
2,926
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
355.7 sq mi
ZIP Area
17
Density / Sq Mi
$77,257
Median Household Income
$56,295
Median Earnings
$959
Median Rent
$151,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property in Jourdanton, TX with low vacancy rate.
Where is this duplex located?
The property is located at 1103 Maple Jourdanton, TX.
What is the asking price?
The asking price for this property is $348,500.
What are key features of this property?
This property features: Great investment opportunity with low vacancy rate.; Two units, each with **3 bedrooms and 2 baths.**; Each unit has a **2‑car garage.**
