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    Two-Unit Duplex Income Opportunity Title is generated by Realmo AI

    1310 S 21st Street, Temple, TX 76504

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    For Sale
    $229,900

    MULTI_FAMILY - Temple, TX

    Lot size:
    0.16 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    87
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 1310 S 21st Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    4
    Parking features
    Driveway
    Standard status
    Active
    APN
    56635
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    TAL-COE PLACE, BLOCK 023, LOT 0008
    Tax Annual Amount
    4437

    Utilities

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

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate, Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sarah Martin
    Sarah Martin

    Listing agent Sarah Martin License #0723213

    Listing office Kelly, Realtors Waco, TX

    Listing date Mar 11, 2026

    MLS# 20980424 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing 2‑unit duplex in Temple, TX with 2 bedrooms and 1 bathroom per unit
    • Upper and lower units are move‑in ready for placing tenants quickly or living in one unit
    • Separate electricity and water meters for each unit
    • Central heating and central air; carpet and laminate flooring
    • Public water and public sewer
    • Shingle roof and driveway parking; built in 1960

    Overview

    This two-story duplex offers two residential units, each with 2 bedrooms and 1 bathroom. Each unit has separate electricity and water meters, supporting tenant independence and simplifying operations for an owner. With both the upper and lower units described as move-in ready, the property is designed for quick placement of tenants or for an owner to occupy one unit while collecting rent from the other.

    Located in Temple, the property is positioned near major employers, schools, and everyday conveniences. Public remarks cite proximity to Baylor Scott & White Medical Center - Temple, Temple College, UMHB, Interstate 35, and Downtown Temple, giving the duplex broad appeal to both long-term renters and owner-occupants. The area’s mix of medical, education, and commuter access is expected to support consistent rental demand.

    This setup can fit a range of buyers, including first-time investors seeking an easy-to-manage duplex and investors looking to add a property with utility separation. Owner-occupants may also find value in the ability to live in one unit while offsetting housing costs with income from the other. As presented, the property’s flexible configuration and near-term readiness make it a practical option for those focused on steady, long-term rental outcomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.357159
    Latitude
    31.086576

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    FAQs

    What type of property is this?
    Duplex - Two move-in-ready units with separate utilities provide flexible living and rental income in Temple, TX.
    Where is this duplex located?
    The property is located at 1310 S 21st Street Temple, TX.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: Income‑producing 2‑unit duplex in Temple, TX with 2 bedrooms and 1 bathroom per unit; Upper and lower units are move‑in ready for placing tenants quickly or living in one unit; Separate electricity and water meters for each unit
    (254) 741-1500
    We can help!
    Listing Contact
    Sarah Martin
    Sarah Martin
    Real Estate License ID: 0723213
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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.

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