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    Turnkey Duplex and Home Portfolio Title is generated by Realmo AI

    1220 Nora Lane, Kingsland, TX 78639

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    Claim this Listing
    New
    For Sale
    $1,095,000

    MULTI_FAMILY - Kingsland, TX

    Property size:
    7,883 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $138/SF
    Added:
    Jun 7, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 8 at 8:06 am

    Property Features for 1220 Nora Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Dishwasher, Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
    Standard status
    Active
    APN
    041495
    Size
    7,883 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Description
    Lots 167, 168, 176, and 177Royal Oaks Estates Unit 11

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Wood Siding, HardiPlank Type
    Roof type
    Composition, Metal

    We can help!

    Listing Contact
    Dana Yarter
    Dana Yarter

    Listing agent Dana Yarter License #0453256

    Listing office RE/MAX of Marble Falls 808 Ninth Street, Marble Falls, TX

    Listing date Jun 7, 2026

    MLS# 178274 Listing URL

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Investment portfolio with 3 duplexes (built 2022) plus 1 fully renovated single‑family home
    • All properties are 100% occupied and generate consistent rental income
    • Each duplex offers about 2,000 SF with two 2‑bed, 1.5‑bath units and private backyards
    • Current duplex rents range from $1,300 to $1,400 per month
    • Single‑family home is just under 2,000 SF with 2 bedrooms and 2 bathrooms
    • Utilities/service include KMUD sewer, Kingsland Water, CTEC electric, and Vyve high‑speed internet; 1.23% tax rate; Llano ISD "A" accountability

    Overview

    This turnkey portfolio features three duplexes built in 2022 and one single-family residence fully renovated in 2022. The duplexes each include two 2-bedroom, 1.5-bath units with private backyards, plus ample parking and durable Hardie siding. Interior finishes include luxury vinyl plank flooring and quartz countertops. The included single-family home is just under 2,000 square feet and offers 2 bedrooms and 2 bathrooms, creating additional rental flexibility within the same ownership.

    The property is located in Kingsland, just minutes from Lake LBJ and the Kingsland Slab. Utilities are provided through KMUD sewer, Kingsland Water, CTEC electric, and Vyve high-speed internet. The offering is fully occupied, and current duplex rents range from $1,300 to $1,400 per month.

    For investors seeking a stabilized, low-maintenance ownership profile, the combination of newer construction and renovation supports straightforward management across multiple dwelling types. Llano Independent School District applies to the property, and the listing notes an “A” accountability rating. The remarks also cite a 1.23% tax rate, helping frame the overall cost structure for a long-term rental strategy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsland
    County
    Llano
    State
    Texas
    Longitude
    -98.46918702
    Latitude
    30.6813374

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    FAQs

    What type of property is this?
    Duplex - Newly built duplexes plus a renovated single-family home provide 100% occupancy and diversified Hill Country rental options.
    Where is this duplex located?
    The property is located at 1220 Nora Lane Kingsland, TX.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: Investment portfolio with 3 duplexes (built 2022) plus 1 fully renovated single‑family home; All properties are 100% occupied and generate consistent rental income; Each duplex offers about 2,000 SF with two 2‑bed, 1.5‑bath units and private backyards
    (512) 755-1355
    We can help!
    Listing Contact
    Dana Yarter
    Dana Yarter
    Real Estate License ID: 0453256
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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