New Construction
123 S Kanaio Drive A & B, Bastrop, TX 78602
For Sale
$549,000
Two matching residences each provide a private garage, covered rear porch, and open living, dining, and kitchen areas.
Property Size2,408 SF
Price / SF$227.99
Days on Market81
Property Features for 123 S Kanaio Drive A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Building Details
Year Built
Buildings
Listing Agency:
Watters International Realty
(512) 646-0038
Listed By:
Chris Watters
(737) 313-5275
Source:
Hoydenhomes
Added: Aug 21
Changed: Nov 9
Last Checked: Nov 9 at 3:13PM
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 Watters International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two matching units of approximately 1,204 square feet each, for 2,408 square feet total. Each residence has three bedrooms, two full bathrooms, an attached one-car finished garage, and a covered back porch. The interiors feature an open layout connecting the living, dining, and kitchen spaces, with luxury vinyl plank flooring, custom wood details, wainscoting, and finished ceiling treatments. Kitchens include granite counters, cabinetry, and stainless steel appliances; bathroom counters are also granite. Open-cell spray foam insulation is installed throughout.
The property is in Bastrop, with stated commute access to Austin, Tesla, Samsung, and Austin-Bergstrom International Airport. The two-unit configuration accommodates separate occupancy or leasing of both residences.
The property is in Bastrop, with stated commute access to Austin, Tesla, Samsung, and Austin-Bergstrom International Airport. The two-unit configuration accommodates separate occupancy or leasing of both residences.
Key Highlights
- Two‑unit duplex completed in 2026; 2,408 square feet total
- Each unit has approximately 1,204 square feet, 3 bedrooms, and 2 full bathrooms
- Each residence includes a 1‑car attached, fully finished garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,379
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,580
$807.6K
Cap Rate 7%
$576,843
$576.8K
Cap Rate 9%
$448,656
$448.7K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$60.7K $25.20/SF
− Vacancy
−$3.0K −$1.24/SF
EGI
$57.7K $23.96/SF
− OpEx
−$17.3K −$7.19/SF
NOI
$40.4K $16.77/SF
Area
Bastrop County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,580
Cap Rate 7%
$576,843
Cap Rate 9%
$448,656
Alternative Uses
Best Use
Multifamily LT 5
$576.8K
$504.7K – $673.0K
NOI $40,379 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$527.3K
$461.4K – $615.2K
NOI $36,913 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$943.6K
$825.7K – $1.10M
NOI $66,053 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 78602, TX
33,759
Population
13,485
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
87%
High-School Grad
195.3 sq mi
ZIP Area
173
Density / Sq Mi
$86,976
Median Household Income
$41,644
Median Earnings
$1,331
Median Rent
$310,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each provide a private garage, covered rear porch, and open living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 123 S Kanaio Drive A & B Bastrop, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 2,408 square feet total; Each unit has approximately 1,204 square feet, 3 bedrooms, and 2 full bathrooms; Each residence includes a 1‑car attached, fully finished garage
