Two-Unit
For Sale
$499,999
118 & 112 Creekside Villa Drive, Kyle, TX 78640
Separate electric, gas, and water meters serve the two residences.
Property Size2,854 SF
Price / SF$175.19
Days on Market69
Property Features for 118 & 112 Creekside Villa Drive
General Information
Standard status
Active
Size
2,854 SF
Property subtype
Duplex
Building Details
Year Built
2014
Listing Agency:
Moreland Properties
(512) 480-0848
Listed By:
Leslie Spencer
Source:
Hoydenhomes
Added: Aug 24
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
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 Moreland Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2014, this duplex at 118 and 112 Creekside Villa Drive contains 2,854 square feet across two residences. Each side has three bedrooms and 2.5 bathrooms, with an open living arrangement and a layout that provides separation between spaces. The property has separate electric, gas, and water meters. Both units are described as leased; the lease for Unit 112 runs through April 2027.
The property is within walking distance of an elementary school and offers convenient access to I-35. Fresh paint and upstairs carpet are noted, along with a covered patio and a fully fenced yard.
The property is within walking distance of an elementary school and offers convenient access to I-35. Fresh paint and upstairs carpet are noted, along with a covered patio and a fully fenced yard.
Key Highlights
- 2,854‑square‑foot duplex built in 2014
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Separate electric, gas, and water meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,749
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,980
$875.0K
Cap Rate 7%
$624,986
$625.0K
Cap Rate 9%
$486,100
$486.1K
Market Conditions
NOI Build-Up for 2,854 SF
Gross rent
$83.9K $29.40/SF
− Vacancy
−$4.4K −$1.53/SF
EGI
$79.5K $27.87/SF
− OpEx
−$35.8K −$12.54/SF
NOI
$43.7K $15.33/SF
Area
Hays County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,980
Cap Rate 7%
$624,986
Cap Rate 9%
$486,100
Alternative Uses
Best Use
Multifamily LT 5
$683.7K
$598.2K – $797.6K
NOI $47,858 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$625.0K
$546.9K – $729.2K
NOI $43,749 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,513 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 78640, TX
64,539
Population
25,236
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
87%
High-School Grad
89.6 sq mi
ZIP Area
720
Density / Sq Mi
$88,533
Median Household Income
$45,439
Median Earnings
$1,572
Median Rent
$291,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric, gas, and water meters serve the two residences.
Where is this duplex located?
The property is located at 118 & 112 Creekside Villa Drive Kyle, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2,854‑square‑foot duplex built in 2014; Two residences, each with 3 bedrooms and 2.5 bathrooms; Separate electric, gas, and water meters
