Duplex with Private Fenced
115 Janis St Unit A & B, Alvarado, TX 76009
For Sale
$435,000
Granite kitchen counters and stained concrete flooring serve both residences.
Property Size2,548 SF
Price / SF$170.72
Days on Market25
Property Features for 115 Janis St Unit A & B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
fenced backyard
Building Details
Year Built
Listing Agency:
HAMILTON LEGACY REALTY
Listed By:
Janice Hill · License TX #0671209
(817) 648-4485
Source:
Realestatestation
Added: Oct 18
Changed: Nov 8
Last Checked: Nov 10 at 10:40AM
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 HAMILTON LEGACY REALTY
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Investment Insights
Based on property information with market context.
Built in 2005, this 2,548-square-foot duplex contains two residences, each with three bedrooms and two full bathrooms. Granite countertops distinguish the kitchens, while stained concrete floors provide a consistent finish throughout. Each unit also has a separate fenced backyard.
The property is in Alvarado near Highway 67, with access to the highway from the surrounding area.
The property is in Alvarado near Highway 67, with access to the highway from the surrounding area.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,548 square feet; built in 2005
- A separate fenced backyard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,745
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,900
$774.9K
Cap Rate 7%
$553,500
$553.5K
Cap Rate 9%
$430,500
$430.5K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$78.9K $30.96/SF
− Vacancy
−$8.4K −$3.31/SF
EGI
$70.4K $27.65/SF
− OpEx
−$31.7K −$12.44/SF
NOI
$38.7K $15.21/SF
Area
Johnson County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,900
Cap Rate 7%
$553,500
Cap Rate 9%
$430,500
Alternative Uses
Best Use
Multifamily LT 5
$640.0K
$560.0K – $746.7K
NOI $44,803 @ 7.0% cap · market cap 10.30%
Second Best
Apartment 5plus
$553.5K
$484.3K – $645.8K
NOI $38,745 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$699.8K
$612.3K – $816.4K
NOI $48,983 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 76009, TX
23,376
Population
7,648
Households
3.1
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
98.0 sq mi
ZIP Area
239
Density / Sq Mi
$73,696
Median Household Income
$38,841
Median Earnings
$1,202
Median Rent
$211,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Johnson County, TX
Properties on Market for Duplexes in Johnson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Granite kitchen counters and stained concrete flooring serve both residences.
Where is this duplex located?
The property is located at 115 Janis St Unit A & B Alvarado, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,548 square feet; built in 2005; A separate fenced backyard for each unit
