Duplex with Separate
For Sale
$155,000
Pending
1370 2nd Street, Vidor, TX 77662
Main residence includes a separate-entry apartment with its own kitchen and living area.
Property Size1,472 SF
Days on Market168
Property Features for 1370 2nd Street
General Information
Standard status
Pending
Size
1,472 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$2,057
Amenities
Laminate
Dining Room,Family Room,Guest Quarters,Living Room
Yes
2
4
Appraiser
All Bedrooms Down,Ceiling Fan(s)
Cleared,Other,Subdivision
No
Public
20822
0.478
Additional Parking,Detached,Garage,Oversized,Workshop in Garage
Asphalt
Other
1472
Building Details
Building Size
1,472 SF
Year Built
1950
Stories
1
Listing Agency:
The Reyna Group
(281) 486-1900
Listed By:
Nichole Kolkmeier · License #0827182
(713) 899-3828
Source:
Garygreene
Added: May 16
Changed: Oct 28
Last Checked: Oct 28 at 4:37AM
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 The Reyna Group
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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 / Yr
$13,295
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
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 Street 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
