Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Marble Falls Apartment Near Downtown Title is generated by Realmo AI

    401 AVENUE J, Marble Falls, TX 78654

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    MULTI_FAMILY - Marble Falls, TX

    Property size:
    1,000 SF
    Lot size:
    0.48 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 401 AVENUE J

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Appliances
    Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
    Standard status
    Pending
    APN
    028398
    Size
    1,000 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Description
    Marble Falls City, Block 13, Lot W1/2 of 11,12,13,14,15 All of 16,17,18,19, & 20

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Wall Furnace
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1978
    Number of units
    1
    Flooring type
    Vinyl, Tile
    Building materials
    Block, Wood Siding, HardiPlank Type
    Roof type
    Metal

    We can help!

    Listing Contact
    Bob Tuteur
    Bob Tuteur

    Listing agent Bob Tuteur License #0494545

    Listing office Hurst Realty, LLC 404 S Ave M P O Box 662, Marble Falls, TX

    Listing date Jan 12, 2026

    MLS# 176119 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Upgraded 2 bed, 1 bath apartment with tenant services included
    • Rent listed at $1,050 per month; security deposit starts at $1,050
    • Approx. 1,000 SF with a huge living room and kitchen areas
    • Public utilities: public water and public sewer
    • Metal roof; block construction with wood siding and HardiPlank type
    • Appliances/ hookups include electric range, refrigerator, and washer hookup

    Overview

    This upgraded apartment in Marble Falls, TX, features 2 bedrooms and 1 bathroom. The property is approximately 1000 square feet and includes a large living room and kitchen area, as well as good-sized bedrooms and laundry hook-ups. Parking is conveniently located close to the door. Situated just half a block from Main Street, the location provides easy access to downtown shops, market days, car shows, restaurants, pubs, and entertainment. Johnson Park, with its festivals, cook-offs, concerts, fishing pier, boat ramp, city pool, basketball courts, skateboard park, lake and beach swimming area, and ball fields, is only a few blocks away. A walking/jogging trail and soccer fields are one block away. Extra boat/trailer parking and storage units are available. The property is located on a lot that is 0.48 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Marble Falls
    County
    Llano
    State
    Texas
    Longitude
    -98.27730327
    Latitude
    30.57355083

    Nearby Similar for Sale

    • $1,550,000
      4,342 SF

      Functional Building on Highway 281

      Versatile commercial building in Marble Falls with high visibility.
      2300 N US Highway 281, Marble Falls, TX 78654
      View Details
    • $1,750,000
      8,658 SF

      Marble Falls Multi-Unit Investment Property

      Ten-unit multifamily property in Marble Falls with immediate income.
      1701-1803 Johnson Street, Marble Falls, TX 78654
      View Details
    • $1,550,000

      Professional Medical Office Building

      Flexible office layout with exam rooms, executive offices, and multiple entrances positioned on a high-traffic US 281 corridor.
      2300 N US Highway 281, Marble Falls, TX 78654
      View Details
    • $375,000
      2,804 SF

      Marble Falls Duplex Investment Opportunity

      Two-story duplex in Marble Falls, Texas, near lakes and amenities.
      1502 N Claremont Circle, Marble Falls, TX 78654
      View Details
    • $369,999
      2,254 SF

      Income Producing Duplex in Marble Falls

      Income-producing duplex with garages, well-maintained in Marble Falls, TX.
      704 CLAREMONT Parkway, Marble Falls, TX 78654
      View Details
    • $359,000
      1,214 SF

      Restored Cottage Near Main Street

      Charming, remodeled cottage with residential and commercial zoning.
      700 5th Street, Marble Falls, TX 78654
      View Details
    • $360,000
      1,242 SF

      Mixed-Use Property in Marble Falls

      Mixed-use property zoned for residential and commercial use.
      508 Ave G, Marble Falls, TX 78654
      View Details
    • $1,025
      843 SF

      Marble Falls Two Bedroom Apartment

      Two-bedroom apartment in Marble Falls, available for June 13th move-in.
      1115 Broadway, Marble Falls, TX 78654
      View Details
    • $1,100
      600 SF

      Comfortable Apartment Near Parks, Lakes

      Well-maintained 2-bedroom apartment near parks and lakes in Marble Falls.
      501 S Avenue N #2, Marble Falls, TX 78654
      View Details
    • $1,150
      884 SF

      Marble Falls Duplex For Sale

      Charming duplex near parks, featuring spacious layouts and modern amenities.
      1705 Johnson, Marble Falls, TX 78654
      View Details
    • $1,150
      884 SF

      Spacious Duplex Near Parks

      Well-maintained 2 bed, 2 bath duplex near West Side Park.
      1701B Johnson, Marble Falls, TX 78654
      View Details
    • $1,100
      812 SF

      Well-Maintained Home in Marble Falls

      Home with vinyl plank flooring, vaulted ceilings, and modern amenities.
      403 Ave S, Marble Falls, TX 78654
      View Details

    FAQs

    What type of property is this?
    Specialty property - Upgraded 2 bed, 1 bath apartment near downtown Marble Falls.
    Where is this specialty property located?
    The property is located at 401 AVENUE J Marble Falls, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Upgraded 2 bed, 1 bath apartment with tenant services included; Rent listed at $1,050 per month; security deposit starts at $1,050; Approx. 1,000 SF with a huge living room and kitchen areas
    (512) 755-4069
    We can help!
    Listing Contact
    Bob Tuteur
    Bob Tuteur
    Real Estate License ID: 0494545
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    401 AVENUE J, Marble Falls, TX 78654
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!