Two-Unit Duplex with Attached
New
For Sale
$450,000
108 Leona Street, Lockhart, TX 78644
MULTI_FAMILY - Other - Lockhart, TX
Property Size2,348 SF
Lot Size0.15 Acres
Price / SF$191.65
Days on Market2
Property Features for 108 Leona Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
BreakfastBar, EatInKitchen, KitchenFamilyRoomCombo, SolidSurfaceCounters
Appliances
Dishwasher, ElectricRange, Refrigerator, RangeHood
Subdivision
Mrs M M Blanks
Lot features
Corner Lot, City Lot, Level
Elementary school district
Lockhart ISD
Middle school district
Lockhart ISD
High school district
Lockhart ISD
Directions
From US-183 / S Colorado St in Lockhart, head west on W Prairie Lea St. Turn onto Leona St. Property is located at 108 Leona St.
Standard status
Active
APN
45713
Size
2,348 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BLANKS, MRS. M M, BLOCK 4, LOT 4A, REPLAT
Tax Annual Amount
6932
Legal Description
BLANKS, MRS. M M, BLOCK 4, LOT 4A, REPLAT
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Flooring type
Laminate, Tile, Vinyl
Building materials
FiberglassSiding, StoneVeneer
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Ricardo Hernandez · License #0766573
(956) 424-5724
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 10:06AM
MLS# 621386
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.
Investment Insights
Based on property information with market context.
This 2,348-square-foot duplex, built in 1986, contains two separate residential units in a two-story design. Each residence includes a living area, kitchen, upstairs bedrooms, a laundry connection area, an attached garage, and a half bath on the main level. The upper-level bathroom arrangement provides separate vanity and toilet areas with a shared tub and shower. Interior finishes include tile, vinyl, and laminate flooring, ceiling fans, window coverings, and solid-surface counters. The kitchens include dishwashers, electric ranges, refrigerators, and range hoods.
The property occupies 0.1458 acres in Lockhart and includes off-street parking. Construction features fiberglass siding and stone veneer, with a composition and shingle roof. Central heating and central air serve the building, while public water and public sewer provide utility service.
The property occupies 0.1458 acres in Lockhart and includes off-street parking. Construction features fiberglass siding and stone veneer, with a composition and shingle roof. Central heating and central air serve the building, while public water and public sewer provide utility service.
Key Highlights
- 2,348 square feet across 2 separate residential units
- Built in 1986 with a two‑story layout
- Each unit includes an attached garage, upstairs bedrooms, and a main‑level half bath
Financial Insights For Multifamily LT 5
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 | $59.2k | $25.20 |
| − Vacancy | −$2.9k | −$1.24 |
| EGI | $56.2k | $23.96 |
| − OpEx | −$16.9k | −$7.19 |
| NOI | $39.4k | $16.77 |
2,348 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.5K
$492.2K – $656.2K
NOI $39,373 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$514.2K
$449.9K – $599.9K
NOI $35,993 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$981.5K
$858.8K – $1.15M
NOI $68,707 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer individual living spaces, kitchens, laundry connections, and garage access within a two-story configuration.
Where is this duplex located?
The property is located at 108 Leona Street Lockhart, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,348 square feet across 2 separate residential units; Built in 1986 with a two‑story layout; Each unit includes an attached garage, upstairs bedrooms, and a main‑level half bath
