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    2904 Pleasant Green Dr Victoria, TX 77901

    View on Map
    Sponsored
    For Sale
    $185,000

    MULTI_FAMILY - Victoria, TX

    Property size:
    3,200 SF
    Lot size:
    0.46 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 28 at 3:06 pm

    Property Features for 2904 Pleasant Green Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
    Bedrooms
    4
    Bathrooms
    1
    APN
    3391800100100
    Parking features
    Off Street
    Interior features
    OpenFloorplan
    Appliances
    ElectricCooktop, ElectricOven, ElectricRange, Refrigerator
    Size
    3,200 SF
    Lot size
    0.46 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile
    Building materials
    HardiplankType, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Josiah Salinas
    Josiah Salinas

    Edwards Capital Corporation

    Listing agent Josiah Salinas License #0782889

    Listing date Mar 24, 2026

    MLS# 473720

    Copyright © 2026 South Texas Multiple Listing Service, LLC. 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

    Property Insight Report

    Overview

    Spacious Duplex in Victoria, TX

    Located in Victoria, TX, this duplex at 2904 Pleasant Green Drive features two mirror-image units, each approximately 1,600 sq ft, with 2 bedrooms and 1 full bathroom. The property offers flexibility and income potential, suitable for expanding a rental portfolio or owner-occupancy with rental income. Each unit includes an open-concept living area with tile flooring, a functional kitchen with ample cabinet space, generously sized bedrooms, and a conveniently placed full bathroom. Both units are equipped with central HVAC. Situated on a 0.46-acre lot, the property provides ample off-street parking. One unit is currently leased at $1,000 per month, while the other unit was vacated as of November 2025. The property offers upside for higher rents or improved resale value with light cosmetic updates. The property is located within minutes of shopping, dining, and Victoria College, offering convenient access to major roads while maintaining a quiet, residential feel. The property offers nearly 3,200 sq ft of total living space and is an income property with immediate returns and room to grow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Accounting Firm Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -96.972243
    Latitude
    28.778598

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with income potential near shopping and dining.
    Where is this duplex located?
    The property is located at 2904 Pleasant Green Dr Victoria, TX.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Duplex with two mirror-image units, totaling approximately 3,200 sq ft of living space.; - Immediate income potential with one unit currently leased at $1,000 per month.; - Located near shopping, dining, and Victoria College, offering convenient access to major roads.
    (361) 945-5751
    Request Owner's contact information
    2904 Pleasant Green Dr Victoria, TX 77901
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    Victoria, TX 77901
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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
    2904 Pleasant Green Dr Victoria, TX 77901
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    We can help!
    Listing Contact
    Josiah Salinas
    Josiah Salinas
    Real Estate License ID: 0782889
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