Two-Unit Duplex with Attached
For Sale
$285,000
1210 Chaparral St 7, Fulton, TX 78358
Both residences are leased to long-term tenants and include private attached garage space.
Property Size2,084 SF
Price / SF$136.76
Days on Market18
Property Features for 1210 Chaparral St 7
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
Spears & Co Real Estate
(361) 790-6585
Listed By:
Alissa Spears · License #0476382
Source:
Thebranchinc
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 30 at 8:21PM
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 Spears & Co Real Estate
Investment Insights
Based on property information with market context.
Built in 2006, this 2,084-square-foot duplex contains two residences with matching layouts. Each unit offers 2 bedrooms, 2 full bathrooms, and a single attached garage, providing dedicated residential space and parking for both households. The property is fully occupied by long-term tenants, establishing an existing rental arrangement.
Located at 1210 Chaparral St 7 in Fulton, Texas, the duplex sits minutes from downtown Fulton with quick bypass access. Its two-unit configuration, separate garage accommodations, and established occupancy define the property’s current operating profile.
Located at 1210 Chaparral St 7 in Fulton, Texas, the duplex sits minutes from downtown Fulton with quick bypass access. Its two-unit configuration, separate garage accommodations, and established occupancy define the property’s current operating profile.
Key Highlights
- 2,084‑square‑foot duplex built in 2006
- Two units, each with 2 bedrooms and 2 full bathrooms
- Single attached garage included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,263
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,260
$385.3K
Cap Rate 7%
$275,186
$275.2K
Cap Rate 9%
$214,033
$214.0K
Market Conditions
NOI Build-Up for 2,084 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.3K $15.00/SF
− Vacancy
−$3.7K −$1.80/SF
EGI
$27.5K $13.20/SF
− OpEx
−$8.3K −$3.96/SF
NOI
$19.3K $9.24/SF
Area
Aransas County, TX
Vacancy
11.97%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$385,260
Cap Rate 7%
$275,186
Cap Rate 9%
$214,033
Alternative Uses
Best Use
Multifamily LT 5
$275.2K
$240.8K – $321.1K
NOI $19,263 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,070 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$796.7K
$697.1K – $929.4K
NOI $55,766 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 78358, TX
1,137
Population
528
Households
2.2
Avg Household Size
60
Median Age
35%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,694
Median Household Income
$38,750
Median Earnings
$1,175
Median Rent
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased to long-term tenants and include private attached garage space.
Where is this duplex located?
The property is located at 1210 Chaparral St 7 Fulton, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,084‑square‑foot duplex built in 2006; Two units, each with 2 bedrooms and 2 full bathrooms; Single attached garage included with each unit
