New Construction Duplex
109 Fisher St #A & B Elgin, TX 78621
For Sale
$485,000
Newly built 2024 duplex with two occupied 3-bedroom, 2-bath units, private fenced yards, and separate utility meters.
Property Size2,486 SF
Price / SF$195.09
Days on Market36
Property Features for 109 Fisher St #A & B
General Information
- Standard status
- Active
- Size
- 2,486 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2024
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Kristi Plotkin
Source:
Buttross
Added: Jun 19
Changed: Jul 22
Last Checked: Jul 23 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2024, this newer construction duplex includes two separately metered units, each currently occupied. Both units offer three bedrooms and two bathrooms, with modern finishes and quartz countertops. Each unit also features a private fenced yard, supporting tenant privacy and day-to-day usability.
The property is conveniently located with easy access to Hwy 290, approximately 15 minutes from Tesla Gigafactory and Samsung, placing it near major employment centers.
Two additional duplexes are available and may be purchased individually or as part of a portfolio package. The property is stated to be easy to show.
The property is conveniently located with easy access to Hwy 290, approximately 15 minutes from Tesla Gigafactory and Samsung, placing it near major employment centers.
Two additional duplexes are available and may be purchased individually or as part of a portfolio package. The property is stated to be easy to show.
Key Highlights
- Built in 2024, newer construction duplex with two units currently occupied
- Each unit offers 3 bedrooms and 2 bathrooms with modern finishes and quartz countertops
- Private fenced yards for both units
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 | $62.6k | $25.20 |
| − Vacancy | −$3.1k | −$1.24 |
| EGI | $59.6k | $23.96 |
| − OpEx | −$17.9k | −$7.19 |
| NOI | $41.7k | $16.77 |
2,486 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$595.5K
$521.1K – $694.8K
NOI $41,687 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$544.4K
$476.4K – $635.1K
NOI $38,108 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$974.2K
$852.4K – $1.14M
NOI $68,193 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built 2024 duplex with two occupied 3-bedroom, 2-bath units, private fenced yards, and separate utility meters.
Where is this duplex located?
The property is located at 109 Fisher St #A & B Elgin, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Built in 2024, newer construction duplex with two units currently occupied; Each unit offers 3 bedrooms and 2 bathrooms with modern finishes and quartz countertops; Private fenced yards for both units
