Remodeled
For Sale
$335,000
112 Gazley ST, Smithville, TX 78957
Two separate residences occupy a parcel designated Highway Commercial District in Smithville.
Property Size1,754 SF
Lot Size0.25 Acres
Price / SF$190.99
Days on Market150
Property Features for 112 Gazley ST
General Information
Standard status
Active
Size
1,754 SF
Lot size
0.25 Acres
Property subtype
Duplex
Zoning
Highway Commercial District
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$34,200
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,291
Building Details
Building Size
1,754 SF
Year Built
1951
Buildings
2
Listing Agency:
Keller Williams Realty
Listed By:
Lalo Herrera
(512) 698-1588
Source:
Landunlimitedtx
Added: Jun 4
Changed: Oct 29
Last Checked: Oct 29 at 2:36PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex property contains two separate homes totaling 1,754 square feet on a shared 0.25-acre parcel. The main residence has three bedrooms, two bathrooms, and a 1,004-square-foot layout; the second has two bedrooms and one bathroom. Improvements include updated kitchens and bathrooms, new flooring and paint, energy-efficient mini-split systems, and new roofs.
The property is in Smithville, and the zoning map designates the lot as Highway Commercial District.
The property is in Smithville, and the zoning map designates the lot as Highway Commercial District.
Key Highlights
- Two residences on a shared 0.25‑acre parcel
- Main home has 3 bedrooms, 2 bathrooms, and 1,004 square feet
- Second home offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,412
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,240
$588.2K
Cap Rate 7%
$420,171
$420.2K
Cap Rate 9%
$326,800
$326.8K
Market Conditions
NOI Build-Up for 1,754 SF
Gross rent
$44.2K $25.20/SF
− Vacancy
−$2.2K −$1.24/SF
EGI
$42.0K $23.96/SF
− OpEx
−$12.6K −$7.19/SF
NOI
$29.4K $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%
$588,240
Cap Rate 7%
$420,171
Cap Rate 9%
$326,800
Alternative Uses
Best Use
Multifamily LT 5
$420.2K
$367.7K – $490.2K
NOI $29,412 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$384.1K
$336.1K – $448.1K
NOI $26,887 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$687.3K
$601.4K – $801.9K
NOI $48,113 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
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Business Placement
Demographics for 78957, TX
10,214
Population
4,743
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
177.1 sq mi
ZIP Area
58
Density / Sq Mi
$62,796
Median Household Income
$39,731
Median Earnings
$1,169
Median Rent
$246,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences occupy a parcel designated Highway Commercial District in Smithville.
Where is this duplex located?
The property is located at 112 Gazley ST Smithville, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two residences on a shared 0.25‑acre parcel; Main home has 3 bedrooms, 2 bathrooms, and 1,004 square feet; Second home offers 2 bedrooms and 1 bathroom
