Duplex with Attached
For Sale
$285,000
1210 Chaparral Street, Fulton, TX 78358
MULTI_FAMILY - Fulton, TX
Property Size2,084 SF
Lot Size0.14 Acres
Price / SF$136.76
Days on Market81
Property Features for 1210 Chaparral Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 1
Parking
1
Parking features
Garage
Interior features
PrimaryDownstairs
Appliances
Dishwasher
Subdivision
Chaparral Street
Lot features
Interior Lot
Elementary school
Fulton
Middle school
RockportFulton
High school
RockportFulton
Elementary school district
RockportFultonISD
Middle school district
RockportFultonISD
High school district
RockportFultonISD
Directions
FM 3036 Right on concrete Drive
Standard status
Active
APN
1035-000-001-012
Size
2,084 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Chaparral Street Subdivision, Lot 1-G
Legal Description
Chaparral Street Subdivision, Lot 1-G
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile
Building materials
HardiplankType
Roof type
Shingle
Listing Agency:
Spears & Co Real Estate
(361) 790-7653
Listed By:
Alissa Spears · License #0476382
(361) 790-6585
Added: Jun 4
Changed: Aug 5
Last Checked: Aug 23 at 6:06AM
MLS# 478599
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied duplex in Fulton offers two residential units designed for long-term tenant appeal. Each unit includes two bedrooms and two full bathrooms, along with a single attached garage. Interior features include primary downstairs, and the homes are equipped with a dishwasher. The property is heated with electric heat and serviced by central air conditioning.
The duplex is constructed with HardiPlank-type materials and features tile flooring throughout. The roof is shingle, and the property is served by public water and public sewer.
Built in 2006, this duplex provides a straightforward, rental-focused configuration with two separate units on a 0.14-acre lot.
The duplex is constructed with HardiPlank-type materials and features tile flooring throughout. The roof is shingle, and the property is served by public water and public sewer.
Built in 2006, this duplex provides a straightforward, rental-focused configuration with two separate units on a 0.14-acre lot.
Key Highlights
- Two‑unit, fully occupied duplex with long‑term tenants
- Each unit has two bedrooms and two full bathrooms
- Single attached garage for 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
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
488
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 - Fully occupied duplex with two units, each featuring two bedrooms, two bathrooms, and a single attached garage.
Where is this duplex located?
The property is located at 1210 Chaparral Street 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: Two‑unit, fully occupied duplex with long‑term tenants; Each unit has two bedrooms and two full bathrooms; Single attached garage for each unit
