Multi-Family Residence with Two
1002 RIVER OAK DR Seguin, TX 78155
1002 RIVER OAK DR, Seguin, TX, 78155
$549,000
For Sale
$549,000
MULTI_FAMILY - Seguin, TX
Property Size2,856 SF
Lot Size1.19 Acres
Price / SF$192.23
Days on Market48
Property Features for 1002 RIVER OAK DR
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,856 SF
- Lot size
- 1.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7394
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1978
Listing agency
Becker Properties, LLC
(210) 920-2727
Listed by
Sean Blanchard
(830) 443-4883
Added: Jun 5 Checked: Jul 22 at 7:06PM
MLS# 1973168
Copyright © 2026 LERA MLS. 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 multi-income residential property is situated on three lots and set up across two addresses. The primary home at 1002 River Oak Dr is described as an updated 4-bedroom, 3-bath residence with spacious living areas, abundant natural light, two fireplaces, and two primary bedrooms with en-suite baths. It also includes a screened patio.
A second structure contributes additional rental and flexible living space. The upper level is described as a 1,200-square-foot apartment with 2 bedrooms, 1 bathroom, a full kitchen, a living room, and washer/dryer connections. The lower level offers a larger flex space with a bedroom, full bathroom, bar/kitchen area, washer/dryer connections, a workshop room, and an oversized two-vehicle garage capable of accommodating full-size trucks. Roofs are noted as recently updated with heavy composition shingles.
The property is positioned just steps from the Guadalupe River and is described as being minutes from Max Starcke Park and riverside walking trails, with access to golf, kayaking, and related recreation. Long-term tenants are currently in place and described as willing to remain, supporting immediate income potential for an owner. With an upstairs apartment plus additional adaptable space, the layout can fit owner-occupants seeking offset income, multi-generational living, or an operator looking for room to tailor the lower-level flex area.
A second structure contributes additional rental and flexible living space. The upper level is described as a 1,200-square-foot apartment with 2 bedrooms, 1 bathroom, a full kitchen, a living room, and washer/dryer connections. The lower level offers a larger flex space with a bedroom, full bathroom, bar/kitchen area, washer/dryer connections, a workshop room, and an oversized two-vehicle garage capable of accommodating full-size trucks. Roofs are noted as recently updated with heavy composition shingles.
The property is positioned just steps from the Guadalupe River and is described as being minutes from Max Starcke Park and riverside walking trails, with access to golf, kayaking, and related recreation. Long-term tenants are currently in place and described as willing to remain, supporting immediate income potential for an owner. With an upstairs apartment plus additional adaptable space, the layout can fit owner-occupants seeking offset income, multi-generational living, or an operator looking for room to tailor the lower-level flex area.
Key Highlights
- Multi‑income setup on three lots with two addresses and multiple living spaces for rental or multi‑generational use
- Main home at 1002 River Oak Dr: 4 bed, 3 bath with two fireplaces and a screened patio
- Upper‑level 1,200 SF apartment with 2 bedrooms, 1 bathroom, full kitchen, living room, and washer/dryer connections (long‑term tenants in place)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.4k | $18.00 |
| − Vacancy | −$5.1k | −$1.80 |
| EGI | $46.3k | $16.20 |
| − OpEx | −$20.8k | −$7.29 |
| NOI | $25.4k | $8.91 |
2,856 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$363.5K
$318.1K – $424.1K
NOI $25,447 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Three-lot property with two addresses and separate living areas, including an upstairs apartment and additional flex space.
Where is this single family property located?
The property is located at 1002 RIVER OAK DR Seguin, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Multi‑income setup on three lots with two addresses and multiple living spaces for rental or multi‑generational use; Main home at 1002 River Oak Dr: 4 bed, 3 bath with two fireplaces and a screened patio; Upper‑level 1,200 SF apartment with 2 bedrooms, 1 bathroom, full kitchen, living room, and washer/dryer connections (long‑term tenants in place)
