Shallowater Duplex Investment
1503 Ave O Shallowater, TX 79363
1503 Ave O, Shallowater, TX, 79363
$345,000
For Sale
$345,000
Duplex near high school, ideal for rentals.
Property Size2,610 SF
Price / SF$132.18
Days on Market654
Property Features for 1503 Ave O
General Information
- Standard status
- Active
- Size
- 2,610 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2021
Listing Agency
Coldwell Banker Trusted Adviso
(806) 793-0035
Listed by
Roy Phelps · License #0597447
(806) 793-0035
Source
Exitrealty
Added: Oct 2, 2024 Checked: Jul 17 at 4:26 am
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 Coldwell Banker Trusted Adviso
Investment Insights
Based on property information with market context.
This duplex in Shallowater presents an investment opportunity. Located near the high school, it is suitable as a rental property for teachers, coaches, or young families. Each side of the duplex features an open concept layout with 3 bedrooms, 2 bathrooms, and a 2-car garage. The property size is 2610 square feet.
Key Highlights
- Built in 2021 (new construction)
- Duplex with two units
- Each unit boasts 3 bedrooms and 2 bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $13.80 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $33.7k | $12.90 |
| − OpEx | −$10.1k | −$3.87 |
| NOI | $23.6k | $9.03 |
2,610 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.8K
$294.7K – $392.9K
NOI $23,574 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$302.4K
$264.6K – $352.8K
NOI $21,167 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$658.0K
$575.7K – $767.7K
NOI $46,059 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex near high school, ideal for rentals.
Where is this duplex located?
The property is located at 1503 Ave O Shallowater, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Built in 2021 (new construction); Duplex with two units; Each unit boasts 3 bedrooms and 2 bathrooms
