Updated Duplex with New
For Sale
$269,000
1411 Martin, Pleasanton, TX 78064
Two residential units offer matching layouts, attached garages, and included kitchen appliances.
Property Size1,932 SF
Price / SF$139.23
Days on Market31
Property Features for 1411 Martin
General Information
Standard status
Active
Size
1,932 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
All Season Realty
(830) 570-9561
Listed By:
Arthur Flores
Source:
Sarahildebrandaguilera
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 30 at 8:43PM
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
Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two residential units totaling 1,932 square feet. Each unit includes two bedrooms, two bathrooms, and a two-car garage, creating a consistent configuration across the building. Included appliances are a stove/oven, refrigerator, vent-a-hood microwave, and garbage disposal. The roof has been replaced, and the units have been kept up to date.
The property is located at 1411 Martin in Pleasanton, with a city park a few blocks away that offers fishing, tennis, and playground amenities. Nearby schools add to the surrounding residential setting. The units are currently tenant occupied; showings are available only after the property is under contract.
The property is located at 1411 Martin in Pleasanton, with a city park a few blocks away that offers fishing, tennis, and playground amenities. Nearby schools add to the surrounding residential setting. The units are currently tenant occupied; showings are available only after the property is under contract.
Key Highlights
- Two‑unit duplex totaling 1,932 SF
- Each unit has 2 bedrooms, 2 bathrooms, and a 2‑car garage
- New roof and updated unit interiors
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
$14,810
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
5.51%
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%
$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
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
$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 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%
$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 5.51%
Second Best
Apartment 5plus
$187.6K
$164.1K – $218.8K
NOI $13,129 @ 7.0% cap · market cap 4.88%
Theoretical Best
Hotel Hospitality
$1.46M
$1.27M – $1.70M
NOI $101,865 @ 7.0% cap · market cap 37.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 residential units offer matching layouts, attached garages, and included kitchen appliances.
Where is this duplex located?
The property is located at 1411 Martin Pleasanton, TX.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,932 SF; Each unit has 2 bedrooms, 2 bathrooms, and a 2‑car garage; New roof and updated unit interiors
