New Construction
For Sale
$475,000
111 Fisher St A & B, Elgin, TX 78621
Both occupied units offer updated finishes, fenced outdoor space, and separately metered utilities.
Property Size2,486 SF
Price / SF$191.07
Days on Market57
Property Features for 111 Fisher St A & B
General Information
Standard status
Active
Size
2,486 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
private fenced yards
Building Details
Year Built
2024
Buildings
1
Listing Agency:
eXp Realty, LLC
Listed By:
Kristi Plotkin
(512) 541-5220
Source:
Olverabolton
Added: Aug 22
Changed: Oct 11
Last Checked: Oct 16 at 11:42AM
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
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Investment Insights
Based on property information with market context.
Built in 2024, this 2,486-square-foot duplex contains two occupied units, each with three bedrooms and two bathrooms. Interior features include modern finishes and quartz countertops, while private fenced yards extend the usable space outside. Separate utility meters serve the units and support straightforward property operations.
The property offers convenient access to Hwy 290 and is approximately 15 minutes from Tesla Gigafactory and Samsung. Two additional duplexes are also available for individual acquisition or as part of a portfolio package.
The property offers convenient access to Hwy 290 and is approximately 15 minutes from Tesla Gigafactory and Samsung. Two additional duplexes are also available for individual acquisition or as part of a portfolio package.
Key Highlights
- 2,486‑square‑foot duplex built in 2024
- Two occupied units, each with 3 bedrooms and 2 bathrooms
- Quartz countertops and modern interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,687
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,740
$833.7K
Cap Rate 7%
$595,529
$595.5K
Cap Rate 9%
$463,189
$463.2K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$62.6K $25.20/SF
− Vacancy
−$3.1K −$1.24/SF
EGI
$59.6K $23.96/SF
− OpEx
−$17.9K −$7.19/SF
NOI
$41.7K $16.77/SF
Area
Bastrop County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,740
Cap Rate 7%
$595,529
Cap Rate 9%
$463,189
Alternative Uses
Best Use
Multifamily LT 5
$595.5K
$521.1K – $694.8K
NOI $41,687 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$544.4K
$476.4K – $635.1K
NOI $38,108 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$974.2K
$852.4K – $1.14M
NOI $68,193 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Duplex - Both occupied units offer updated finishes, fenced outdoor space, and separately metered utilities.
Where is this duplex located?
The property is located at 111 Fisher St A & B Elgin, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,486‑square‑foot duplex built in 2024; Two occupied units, each with 3 bedrooms and 2 bathrooms; Quartz countertops and modern interior finishes
