Furnished Lake-Area
For Sale
$300,000
159 /191 Fannie St, Zavalla, TX 75980
Furnished units accommodate up to six guests each, with open living areas and parking for vehicles and boats.
Property Size1,920 SF
Price / SF$156.25
Days on Market98
Property Features for 159 /191 Fannie St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
2022
Buildings
1
Listing Agency:
The 3:16 Team, Inc.
Listed By:
Kaye Kaye Smith · License #0609379
(936) 275-7300
Source:
Doorstephomegroup
Added: Jul 9
Changed: Sep 11
Last Checked: Sep 29 at 12:11PM
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 3:16 Team, Inc.
Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex was built in 2022 and is furnished for short-term rental use. Each unit offers an open arrangement combining living and dining space, accommodates up to six guests, and benefits from large windows that bring in natural light. The property also includes low-maintenance grounds and on-site parking suitable for both vehicles and boats.
The duplex is located minutes from the Cassels Boykin boat ramp at Lake Sam Rayburn, providing convenient access to fishing and boating in the East Texas lake area. Its established Airbnb operation and furnished configuration support continued guest use without requiring a separate furnishing package.
The duplex is located minutes from the Cassels Boykin boat ramp at Lake Sam Rayburn, providing convenient access to fishing and boating in the East Texas lake area. Its established Airbnb operation and furnished configuration support continued guest use without requiring a separate furnishing package.
Key Highlights
- 1920 SF duplex built in 2022
- Established Airbnb operation with furnished units
- Each unit sleeps 6 guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,718
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,360
$294.4K
Cap Rate 7%
$210,257
$210.3K
Cap Rate 9%
$163,533
$163.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$23.7K $12.36/SF
− Vacancy
−$2.7K −$1.41/SF
EGI
$21.0K $10.95/SF
− OpEx
−$6.3K −$3.29/SF
NOI
$14.7K $7.67/SF
Area
Angelina 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%
$294,360
Cap Rate 7%
$210,257
Cap Rate 9%
$163,533
Alternative Uses
Best Use
Multifamily LT 5
$210.3K
$184.0K – $245.3K
NOI $14,718 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$192.8K
$168.7K – $224.9K
NOI $13,493 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$541.1K
$473.5K – $631.3K
NOI $37,878 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 75980, TX
2,453
Population
1,855
Households
1.3
Avg Household Size
51
Median Age
10%
College-Educated
79%
High-School Grad
156.6 sq mi
ZIP Area
16
Density / Sq Mi
$45,441
Median Household Income
$38,859
Median Earnings
$669
Median Rent
$94,300
Median Home Value
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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 - Furnished units accommodate up to six guests each, with open living areas and parking for vehicles and boats.
Where is this duplex located?
The property is located at 159 /191 Fannie St Zavalla, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1920 SF duplex built in 2022; Established Airbnb operation with furnished units; Each unit sleeps 6 guests
