Building Details

Year Built 2021

Listing Agency: Marshall Reddick Real Estate

Listed By: Stephany Caravantes Sanchez · License #0713300 Show Phone

Source: Compass

Added: Feb 22 Changed: Oct 13 Last Checked: Oct 16 at 11:27AM

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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 Marshall Reddick Real Estate

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Investment Insights

Based on property information with market context.

Built in 2021, this duplex contains two tenant-occupied residences, each with 3 bedrooms, 2 bathrooms, and a 2-car garage. Both units use open-concept living and dining areas with high ceilings, stained concrete flooring, granite kitchen countertops, dedicated laundry areas, and contemporary finishes. Primary suites include tray ceilings, dual-vanity bathrooms, and walk-in closets.

Each residence also has a fully fenced backyard with a covered patio. The property is located at 1105-1107 Renee Way in Seguin, Texas, near local employers, schools, and major roadways. With 2,738 square feet and two separately configured units, the property offers an established rental setup with features suited to long-term occupancy.

Key Highlights

• Two tenant‑occupied units, each with 3 bedrooms and 2 bathrooms
• Each unit includes a 2‑car garage
• 2,738 square feet across the duplex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,099

Cap Rate

7.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,980 $562.0K

Cap Rate 7%

$401,414 $401.4K

Cap Rate 9%

$312,211 $312.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,738 SF

Gross rent

$44.4K $16.20/SF

− Vacancy

−$4.2K −$1.54/SF

EGI

$40.1K $14.66/SF

− OpEx

−$12.0K −$4.40/SF

NOI

$28.1K $10.26/SF

Area

Guadalupe County, TX

Vacancy

9.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$561,980

Cap Rate 7%

$401,414

Cap Rate 9%

$312,211

Alternative Uses

Best Use

Multifamily LT 5

$401.4K

$351.2K – $468.3K (±1% cap)

NOI $28,099 @ 7.0% cap · market cap 7.30%

Second Best

Apartment 5plus

$348.5K

$305.0K – $406.6K (±1% cap)

NOI $24,396 @ 7.0% cap · market cap 6.34%

Theoretical Best

Office A

$718.1K

$628.4K – $837.8K (±1% cap)

NOI $50,270 @ 7.0% cap · market cap 13.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Storage Facility Furniture & Home Goods Grocery & Convenience Store Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

Explore this area Business Placement

Demographics for 78155, TX

51,772

Population

21,791

Households

2.4

Avg Household Size

40

Median Age

22%

College-Educated

85%

High-School Grad

355.5 sq mi

ZIP Area

146

Density / Sq Mi

$71,367

Median Household Income

$38,985

Median Earnings

$1,149

Median Rent

$246,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Leased residences offer open living areas, granite kitchens, private patios, and fenced outdoor space.

Where is this duplex located?

The property is located at 1105-1107 Renee Way Seguin, TX.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Two tenant‑occupied units, each with 3 bedrooms and 2 bathrooms; Each unit includes a 2‑car garage; 2,738 square feet across the duplex