Duplex with Attached
For Sale
$285,000
1210 Chaparral ST, Fulton, TX 78358
MULTI_FAMILY - Fulton, TX
Property Size2,084 SF
Lot Size0.14 Acres
Price / SF$136.76
Days on Market80
Property Features for 1210 Chaparral ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 1
Parking features
Garage
Subdivision
Chaparral St. Subdivision
Lot features
Inside Lot
Elementary school district
RFISD
Middle school district
RFISD
High school district
RFISD
Standard status
Active
Size
2,084 SF
Lot size
0.14 Acres
Building Details
Floors in Building
1
Number of units
2
Building materials
Slab Foundation
Roof type
Composition
Listing Agency:
SPEARS & COMPANY REAL ESTATE
(361) 790-7653
Listed By:
ALISSA SPEARS · License #0476382
(361) 790-6585
Added: Jun 12
Changed: Aug 3
Last Checked: Aug 30 at 11:06AM
MLS# 155454
Copyright © 2026 Rockport Area Association of Realtors. 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 duplex offers two residential units on a slab foundation with a composition roof. Each unit is laid out with two bedrooms and two full bathrooms, plus a single attached garage. The property is described as fully occupied with long-term tenants already in place.
Located in Fulton, the property is just minutes from downtown Fulton and provides quick access to the bypass and surrounding amenities. Positioned on a 0.1386-acre lot, the asset is suited for investors seeking a duplex configuration with established occupancy.
With two attached garages total (one per unit) and a consistent two-bedroom, two-bath layout across both units, this is a straightforward income-focused residential property.
Located in Fulton, the property is just minutes from downtown Fulton and provides quick access to the bypass and surrounding amenities. Positioned on a 0.1386-acre lot, the asset is suited for investors seeking a duplex configuration with established occupancy.
With two attached garages total (one per unit) and a consistent two-bedroom, two-bath layout across both units, this is a straightforward income-focused residential property.
Key Highlights
- Two‑unit duplex with long‑term tenants already in place
- Each unit has two bedrooms and two full bathrooms
- Single attached garage per unit
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
$19,263
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
6.76%
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%
$385,260
$385.3K
Cap Rate 7%
$275,186
$275.2K
Cap Rate 9%
$214,033
$214.0K
Market Conditions
NOI Build-Up for 2,084 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
$31.3K $15.00/SF
− Vacancy
−$3.7K −$1.80/SF
EGI
$27.5K $13.20/SF
− OpEx
−$8.3K −$3.96/SF
NOI
$19.3K $9.24/SF
Area
Aransas County, TX
Vacancy
11.97%
Lease Rate
$15.00 /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%
$385,260
Cap Rate 7%
$275,186
Cap Rate 9%
$214,033
Alternative Uses
Best Use
Multifamily LT 5
$275.2K
$240.8K – $321.1K
NOI $19,263 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$796.7K
$697.1K – $929.4K
NOI $55,766 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 78358, TX
1,137
Population
528
Households
2.2
Avg Household Size
60
Median Age
35%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,694
Median Household Income
$38,750
Median Earnings
$1,175
Median Rent
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in Fulton with two units, each featuring two bedrooms, two full bathrooms, and an attached garage.
Where is this duplex located?
The property is located at 1210 Chaparral ST Fulton, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with long‑term tenants already in place; Each unit has two bedrooms and two full bathrooms; Single attached garage per unit
