New Construction
For Sale
$485,000
109 Fisher ST # B Unit A & B, Elgin, TX 78621
Two occupied units with private fenced yards and separate utility meters, built in 2024 for low-maintenance ownership.
Days on Market44
Property Features for 109 Fisher ST # B Unit A & B
General Information
Standard status
Active
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
private fenced yards
Building Details
Building Size
2,486 SF
Year Built
2024
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(512) 541-5220
Listed By:
Kristi Plotkin
Source:
Zellteam
Added: Jun 19
Changed: Jul 30
Last Checked: Jul 31 at 11:21AM
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.
This newer construction duplex was built in 2024 and features two occupied units. Each unit offers three bedrooms and two bathrooms, modern interior finishes, and quartz countertops. Both units also include private fenced yards and have separate utility meters, supporting straightforward, resident-focused operations.
The property is located at 109 Fisher ST # B Unit: A & B in Elgin, TX, with easy access to Hwy 290. It is approximately 15 minutes from Tesla Gigafactory and Samsung, positioning it near major employment centers and continued housing demand in the area.
Two additional duplexes are available and may be purchased individually or as part of a portfolio package. The property is described as easy to show.
The property is located at 109 Fisher ST # B Unit: A & B in Elgin, TX, with easy access to Hwy 290. It is approximately 15 minutes from Tesla Gigafactory and Samsung, positioning it near major employment centers and continued housing demand in the area.
Two additional duplexes are available and may be purchased individually or as part of a portfolio package. The property is described as easy to show.
Key Highlights
- Built in 2024 new construction duplex with two occupied units
- Each unit offers three bedrooms and two bathrooms
- Quartz countertops and modern finishes in 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 authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 78621, TX
27,275
Population
10,671
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
81%
High-School Grad
177.7 sq mi
ZIP Area
153
Density / Sq Mi
$88,246
Median Household Income
$48,955
Median Earnings
$1,317
Median Rent
$262,300
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 occupied units with private fenced yards and separate utility meters, built in 2024 for low-maintenance ownership.
Where is this duplex located?
The property is located at 109 Fisher ST # B Unit 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 new construction duplex with two occupied units; Each unit offers three bedrooms and two bathrooms; Quartz countertops and modern finishes in both units
