New-Construction
For Sale
$579,900
1409 Emile ST, Bastrop, TX 78602
Two-story residential income property with family-sized bedrooms, attached garage access, and proximity to downtown amenities.
Property Size2,900 SF
Days on Market128
Property Features for 1409 Emile ST
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,850
Building Details
Building Size
2,900 SF
Year Built
2026
Buildings
1
Listing Agency:
All City Real Estate Ltd. Co
(512) 203-5288
Listed By:
Adela Hernandez · License #0619755
Source:
Localcolorrealestateaustin
Added: Apr 18
Changed: Aug 21
Last Checked: Aug 22 at 11:21AM
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 All City Real Estate Ltd. Co
Investment Insights
Based on property information with market context.
This duplex is identified as new construction with a 2026 build year. Each residence is described with 3 bedrooms, 2.5 bathrooms, and a 1-car garage, providing a practical configuration for residential occupancy.
The property is located directly across from an elementary school and steps from downtown Bastrop. Its setting combines access to nearby downtown amenities with an immediately adjacent educational facility.
The property is located directly across from an elementary school and steps from downtown Bastrop. Its setting combines access to nearby downtown amenities with an immediately adjacent educational facility.
Key Highlights
- New construction completed in 2026
- Duplex configuration with 3 bedrooms and 2.5 bathrooms
- Each residence includes a 1‑car garage
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
$48,629
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
8.39%
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%
$972,580
$972.6K
Cap Rate 7%
$694,700
$694.7K
Cap Rate 9%
$540,322
$540.3K
Market Conditions
NOI Build-Up for 2,900 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
$73.1K $25.20/SF
− Vacancy
−$3.6K −$1.24/SF
EGI
$69.5K $23.96/SF
− OpEx
−$20.8K −$7.19/SF
NOI
$48.6K $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 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%
$972,580
Cap Rate 7%
$694,700
Cap Rate 9%
$540,322
Alternative Uses
Best Use
Multifamily LT 5
$694.7K
$607.9K – $810.5K
NOI $48,629 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$635.1K
$555.7K – $740.9K
NOI $44,455 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.14M
$994.4K – $1.33M
NOI $79,549 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
836
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential income property with family-sized bedrooms, attached garage access, and proximity to downtown amenities.
Where is this duplex located?
The property is located at 1409 Emile ST Bastrop, TX.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: New construction completed in 2026; Duplex configuration with 3 bedrooms and 2.5 bathrooms; Each residence includes a 1‑car garage
