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    123 6 St Vanderbilt, TX 77991

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    Sponsored
    For Sale
    $229,000

    MULTI_FAMILY - Other - Vanderbilt, TX

    Property size:
    2,040 SF
    Lot size:
    0.16 Acres
    Days on Market:
    79
    Last Refresh:
    Mar 28 at 8:06 am

    Property Features for 123 6 St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
    Bedrooms
    4
    APN
    R49888
    Interior features
    BreakfastBar
    Appliances
    Dishwasher, ElectricRange, SomeElectricAppliances, Range
    Size
    2,040 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    Masonry
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Bert L Jones
    Bert L Jones

    RE/MAX Land & Homes

    Listing agent Bert L Jones License #0484587

    Listing date Jan 8, 2026

    MLS# 575725

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Vanderbilt TX Brick Duplex

    This brick duplex, constructed in 2004, presents an investment opportunity in Vanderbilt, TX. Each of the two units features 2 bedrooms, 1 bathroom, and a 1-car attached garage. The total living space is approximately 1,020 square feet per unit, totaling 2,040 square feet for the entire property. Situated on a 0.16-acre lot, the property is within walking distance of Industrial Elementary and Industrial High School. Its location is also suitable for plant workers, with a 20-minute drive to Formosa Plastics and 11 miles to Inteplast. The property is located 30 minutes from Victoria and offers access to Houston, San Antonio, Austin, and Corpus Christi. The duplex offers income potential through renting both units or occupying one while leasing the other. There is potential for rent adjustments, as current rents are below market value. A neighboring duplex is also available next door.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Vanderbilt
    County
    Jackson
    State
    Texas
    Longitude
    -96.612173
    Latitude
    28.821552

    Nearby Similar for Sale

    • $458,000
      5,674 SF

      Vanderbilt Multifamily Investment Opportunity

      Four-unit property with income potential near schools and industry.
      123 Navidad & 6 St, Vanderbilt, TX 77991
      View Details
    • $229,000
      2,040 SF

      Vanderbilt Brick Duplex Investment Opportunity

      Solid brick duplex near schools, offering income potential.
      374 Navidad, Vanderbilt, TX 77991
      View Details

    FAQs

    What type of property is this?
    Duplex - Solid brick duplex near schools and industrial plants.
    Where is this duplex located?
    The property is located at 123 6 St Vanderbilt, TX.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Duplex offers income potential: Rent both units or live in one and rent the other.; - Located within walking distance to Industrial Elementary and Industrial High School.; - Proximity to major employers: A short drive to Formosa Plastics and Inteplast.
    (361) 573-0444
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    123 6 St Vanderbilt, TX 77991
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 6 St Vanderbilt, TX 77991
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    We can help!
    Listing Contact
    Bert L Jones
    Bert L Jones
    Real Estate License ID: 0484587
    Learn More
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