New Construction
1106 Zora Drive #A & B, Temple, TX 76504
For Sale
$389,900
Each side includes kitchen appliances, vinyl plank flooring, and a private fenced yard.
Property Size2,644 SF
Price / SF$147.47
Days on Market284
Property Features for 1106 Zora Drive #A & B
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Opportunity Zone
Multifamily Units
Tenant in Place
Amenities
Ceiling Fan(s)
Tub Shower
Walk-In Closet(s)
Breakfast Bar
Breakfast Area
Eat-in Kitchen
Granite Counters
Pantry
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
All City Real Estate Ltd. Co
(866) 277-6005
Listed By:
Christine Gordon · License TX #0480316
(254) 371-2773
Source:
Harkerheightsproperties
Added: Feb 1
Changed: Nov 10
Last Checked: Nov 10 at 2:25PM
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 All City Real Estate Ltd. Co
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex has two units with vinyl plank flooring throughout. Kitchens feature custom wood cabinets, tile backsplashes, and appliances. The property also includes a Lennox AC unit, a 50-gallon Rheem water heater, sod in the front, back, and side yards, and a wood privacy fence. Both units are rented under 12-month lease agreements.
The property is near the VA Administrative Hospital, Baylor Scott & White, a public mall, restaurants, and major shopping centers. The property is identified as eligible for IRS Opportunity Zone treatment; buyers should consult the IRS and their tax professional regarding applicable requirements.
The property is near the VA Administrative Hospital, Baylor Scott & White, a public mall, restaurants, and major shopping centers. The property is identified as eligible for IRS Opportunity Zone treatment; buyers should consult the IRS and their tax professional regarding applicable requirements.
Key Highlights
- Both units are rented under 12‑month lease agreements
- Built in 2023
- Vinyl plank flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,852
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,040
$457.0K
Cap Rate 7%
$326,457
$326.5K
Cap Rate 9%
$253,911
$253.9K
Market Conditions
NOI Build-Up for 2,644 SF
Gross rent
$34.9K $13.20/SF
− Vacancy
−$2.3K −$0.85/SF
EGI
$32.6K $12.35/SF
− OpEx
−$9.8K −$3.70/SF
NOI
$22.9K $8.64/SF
Area
Bell County, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,040
Cap Rate 7%
$326,457
Cap Rate 9%
$253,911
Alternative Uses
Best Use
Multifamily LT 5
$326.5K
$285.7K – $380.9K
NOI $22,852 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$302.0K
$264.3K – $352.4K
NOI $21,143 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$930.1K
$813.8K – $1.09M
NOI $65,106 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 76504, TX
24,682
Population
11,068
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
801
Density / Sq Mi
$50,420
Median Household Income
$35,753
Median Earnings
$1,106
Median Rent
$162,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Temple, TX
Properties on Market for Duplexes in Temple
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side includes kitchen appliances, vinyl plank flooring, and a private fenced yard.
Where is this duplex located?
The property is located at 1106 Zora Drive #A & B Temple, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Both units are rented under 12‑month lease agreements; Built in 2023; Vinyl plank flooring throughout both units
