Updated Duplex with New
For Sale
$262,500
1409 W Martin, Pleasanton, TX 78064
Two residential units feature matching layouts, included appliances, and garage parking.
Property Size1,932 SF
Price / SF$135.87
Days on Market76
Property Features for 1409 W Martin
General Information
Standard status
Active
Size
1,932 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
2006
Buildings
1
Listing Agency:
All Season Realty
Listed By:
Arthur Flores
(830) 570-9561
Source:
Kingdomtxrealty
Added: Aug 3
Changed: Oct 14
Last Checked: Oct 7 at 4:07PM
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 Season Realty
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Investment Insights
Based on property information with market context.
This 1932-square-foot duplex, built in 2006, contains two residential units with matching layouts. Each unit includes 2 bedrooms and 2 bathrooms, while the building provides a 2-car garage. New roofs and updated interiors support the property’s current condition, and the sale includes a stove/oven, refrigerator, vent-a-hood microwave, and garbage disposal in each unit.
The property is located at 1409 W Martin in Pleasanton, Texas, a few blocks from a city park with fishing, tennis, and playground facilities. Nearby schools add to the surrounding residential setting. All units are property managed.
The property is located at 1409 W Martin in Pleasanton, Texas, a few blocks from a city park with fishing, tennis, and playground facilities. Nearby schools add to the surrounding residential setting. All units are property managed.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit
- 1932 SF building constructed in 2006
- 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,810
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,200
$296.2K
Cap Rate 7%
$211,571
$211.6K
Cap Rate 9%
$164,556
$164.6K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$23.9K $12.36/SF
− Vacancy
−$2.7K −$1.41/SF
EGI
$21.2K $10.95/SF
− OpEx
−$6.3K −$3.29/SF
NOI
$14.8K $7.67/SF
Area
Atascosa County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,200
Cap Rate 7%
$211,571
Cap Rate 9%
$164,556
Alternative Uses
Best Use
Multifamily LT 5
$211.6K
$185.1K – $246.8K
NOI $14,810 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$187.6K
$164.1K – $218.8K
NOI $13,129 @ 7.0% cap · market cap 5.00%
Theoretical Best
Hotel Hospitality
$1.46M
$1.27M – $1.70M
NOI $101,865 @ 7.0% cap · market cap 38.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 78064, TX
15,710
Population
6,179
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
281.4 sq mi
ZIP Area
56
Density / Sq Mi
$69,407
Median Household Income
$36,185
Median Earnings
$1,109
Median Rent
$216,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature matching layouts, included appliances, and garage parking.
Where is this duplex located?
The property is located at 1409 W Martin Pleasanton, TX.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 bathrooms per unit; 1932 SF building constructed in 2006; 2‑car garage
