Building Details

Building Size 2,960 SF

Year Built 2023

Stories 2

Listing Agency: KW Commercial Houston Metropolitan

Listed By: Etha C. Eglin · License #676962 Show Phone

Source: Kw

Added: Apr 29, 2025 Changed: Oct 1 Last Checked: Oct 14 at 8:58PM

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Investment Insights

Based on property information with market context.

Located at 450 Jackson Street in Beaumont, Texas, this duplex offers a blend of modern comfort and classic charm. Each unit features 3 bedrooms and 2.5 bathrooms. The property is suitable for investors seeking to expand their portfolio or individuals desiring additional living space. The interior boasts a bright and open floor plan with abundant natural light. The updated kitchen includes sleek appliances and ample cabinet space. A cozy living area provides space for relaxation and entertaining. The property features a generously sized backyard suitable for gatherings, gardening, or enjoying Texas sunsets. Situated in a prime Beaumont neighborhood, the property is near local dining, shopping, and top-rated schools. Convenient access to nearby highways facilitates commuting and access to Beaumont and surrounding areas. The property is intended for residential income purposes.

Key Highlights

• Duplex Property: Ideal for investors or those needing extra space.
• Modern Construction: Built in 2023.
• Spacious Units: Each unit features 3 bedrooms and 2.5 bathrooms.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,735

Cap Rate

8.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$534,700 $534.7K

Cap Rate 7%

$381,929 $381.9K

Cap Rate 9%

$297,056 $297.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,960 SF

Gross rent

$40.8K $13.80/SF

− Vacancy

−$2.7K −$0.90/SF

EGI

$38.2K $12.90/SF

− OpEx

−$11.5K −$3.87/SF

NOI

$26.7K $9.03/SF

Area

Beaumont, TX

Vacancy

6.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$534,700

Cap Rate 7%

$381,929

Cap Rate 9%

$297,056

Alternative Uses

Best Use

Multifamily LT 5

$381.9K

$334.2K – $445.6K (±1% cap)

NOI $26,735 @ 7.0% cap · market cap 8.91%

Second Best

Apartment 5plus

$335.8K

$293.8K – $391.8K (±1% cap)

NOI $23,506 @ 7.0% cap · market cap 7.84%

Theoretical Best

Office A

$699.0K

$611.7K – $815.5K (±1% cap)

NOI $48,932 @ 7.0% cap · market cap 16.31%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Nail Salon Hair Salon Spa & Massage Center Kitchen & Bath Showroom

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

247

Businesses Nearby

Explore this area Business Placement

Demographics for 77701, TX

13,232

Population

5,755

Households

2.3

Avg Household Size

37

Median Age

8%

College-Educated

73%

High-School Grad

6.9 sq mi

ZIP Area

1,918

Density / Sq Mi

$48,711

Median Household Income

$31,347

Median Earnings

$952

Median Rent

$79,000

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 - Duplex in Beaumont, Texas, featuring modern comfort and classic charm.

Where is this duplex located?

The property is located at 450 Jackson Street Beaumont, TX.

What is the asking price?

The asking price for this property is $299,999.

What are key features of this property?

This property features: Duplex Property: Ideal for investors or those needing extra space.; Modern Construction: Built in 2023.; Spacious Units: Each unit features 3 bedrooms and 2.5 bathrooms.