Duplex with Separate
New
For Sale
$155,000
1370 2nd St, Vidor, TX 77662
Main residence includes a separate-entry apartment with its own kitchen and living area.
Property Size1,472 SF
Price / SF$105.30
Days on Market4
Property Features for 1370 2nd St
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Red Door Realty & Associates
Listed By:
Nallely Camarillo Ibarra · License #0801648
(956) 363-7169
Source:
Thebandpteam
Added: Sep 11
Last Checked: Sep 13 at 12:37PM
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 Red Door Realty & Associates
Investment Insights
Based on property information with market context.
This duplex-style property combines a three-bedroom, one-bath primary residence with an attached one-bedroom, one-bath apartment. The secondary unit includes a kitchen, living space, and its own entrance, creating a distinct area within the property. The total property size is 1,472, and the home was built in 1950.
Set on nearly half an acre, the property provides outdoor space for parking and potential expansion. Its Vidor location offers access to schools and major roads, while the two-part configuration supports a range of household and occupancy arrangements.
Set on nearly half an acre, the property provides outdoor space for parking and potential expansion. Its Vidor location offers access to schools and major roads, while the two-part configuration supports a range of household and occupancy arrangements.
Key Highlights
- Attached 1‑bedroom, 1‑bath apartment with kitchen, living area, and separate entrance
- Main residence offers 3 bedrooms and 1 bath
- Nearly half‑acre lot with room for parking and potential expansion
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
$13,295
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
8.58%
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%
$265,900
$265.9K
Cap Rate 7%
$189,929
$189.9K
Cap Rate 9%
$147,722
$147.7K
Market Conditions
NOI Build-Up for 1,472 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
$20.3K $13.80/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.0K $12.90/SF
− OpEx
−$5.7K −$3.87/SF
NOI
$13.3K $9.03/SF
Area
Orange County, TX
Vacancy
6.50%
Lease Rate
$13.80 /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%
$265,900
Cap Rate 7%
$189,929
Cap Rate 9%
$147,722
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.2K – $221.6K
NOI $13,295 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$167.0K
$146.1K – $194.8K
NOI $11,689 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$347.6K
$304.2K – $405.6K
NOI $24,334 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 77662, TX
25,462
Population
11,820
Households
2.2
Avg Household Size
41
Median Age
13%
College-Educated
90%
High-School Grad
139.8 sq mi
ZIP Area
182
Density / Sq Mi
$71,755
Median Household Income
$43,388
Median Earnings
$868
Median Rent
$124,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Main residence includes a separate-entry apartment with its own kitchen and living area.
Where is this duplex located?
The property is located at 1370 2nd St Vidor, TX.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Attached 1‑bedroom, 1‑bath apartment with kitchen, living area, and separate entrance; Main residence offers 3 bedrooms and 1 bath; Nearly half‑acre lot with room for parking and potential expansion
