Duplex with Wooded
For Sale
$299,900
410 W North St, Kyle, TX 78640
Both units are leased and include appliances, storage, and distinct outdoor improvements.
Property Size1,764 SF
Price / SF$170.01
Days on Market42
Property Features for 410 W North St
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
storage building
covered porch
granite countertops
Building Details
Year Built
1999
Listing Agency:
Lone Star Realty - Lockhart
(512) 227-0845
Listed By:
Michelle Harmon
Source:
Olverabolton
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 25 at 5:16AM
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 Lone Star Realty - Lockhart
Investment Insights
Based on property information with market context.
Built in 1999, this duplex contains two separate units, each with a 2/2 bath configuration. Both units are leased, and the sale includes two refrigerators, two stoves, and five window units. One unit features a kitchen updated within the last few years with granite countertops, while the other offers a covered porch. A storage building adds supplemental on-site utility.
The property occupies three lots at 410 W North St in Kyle, Texas, with a wooded setting. Schools and shopping are nearby, and IH 35 provides regional commuter access. The combination of two leased units, included appliances, and varied improvements supports a straightforward multifamily ownership profile.
The property occupies three lots at 410 W North St in Kyle, Texas, with a wooded setting. Schools and shopping are nearby, and IH 35 provides regional commuter access. The combination of two leased units, included appliances, and varied improvements supports a straightforward multifamily ownership profile.
Key Highlights
- Two separate leased units, each with a 2/2 bath configuration
- Property spans 3 lots in a wooded setting
- Built in 1999
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
$27,041
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
9.02%
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%
$540,820
$540.8K
Cap Rate 7%
$386,300
$386.3K
Cap Rate 9%
$300,456
$300.5K
Market Conditions
NOI Build-Up for 1,764 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
$51.9K $29.40/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$49.2K $27.87/SF
− OpEx
−$22.1K −$12.54/SF
NOI
$27.0K $15.33/SF
Area
Hays County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$540,820
Cap Rate 7%
$386,300
Cap Rate 9%
$300,456
Alternative Uses
Best Use
Multifamily LT 5
$422.6K
$369.8K – $493.0K
NOI $29,580 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$386.3K
$338.0K – $450.7K
NOI $27,041 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$737.4K
$645.2K – $860.3K
NOI $51,618 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 78640, TX
64,539
Population
25,236
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
87%
High-School Grad
89.6 sq mi
ZIP Area
720
Density / Sq Mi
$88,533
Median Household Income
$45,439
Median Earnings
$1,572
Median Rent
$291,100
Median Home Value
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 units are leased and include appliances, storage, and distinct outdoor improvements.
Where is this duplex located?
The property is located at 410 W North St Kyle, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two separate leased units, each with a 2/2 bath configuration; Property spans 3 lots in a wooded setting; Built in 1999
