Building Details

Building Size 2,600 SF

Year Built 1977

Stories 2

Listing Agency: Lone Star Luxe Real Estate, LLC Show Phone

Listed By: Julie Chaddick · License #0718603 Show Phone

Source: Garygreene

Added: May 18 Changed: Oct 13 Last Checked: Oct 12 at 6:36PM

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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 Lone Star Luxe Real Estate, LLC

Investment Insights

Based on property information with market context.

This 2,600-square-foot duplex, built in 1977, includes two residences with matching three-bedroom, two-bath layouts. Each unit provides living space, a private entrance, laminate flooring, granite counters, window coverings, ceiling fans, and washer and dryer hookups.

One residence is leased, while the other is vacant and ready for occupancy. The property is located in town within walking distance of grocery stores, shopping, and retail. Major freeways are also accessible for commuting.

Key Highlights

• 2,600‑square‑foot duplex with two matching residences
• Each unit includes 3 bedrooms and 2 full baths
• One unit is leased; the second is vacant and ready for occupancy

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,318

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$546,360 $546.4K

Cap Rate 7%

$390,257 $390.3K

Cap Rate 9%

$303,533 $303.5K

Market Conditions

NOI Build-Up for 2,600 SF

Gross rent

$52.7K $20.28/SF

− Vacancy

−$3.1K −$1.18/SF

EGI

$49.7K $19.10/SF

− OpEx

−$22.4K −$8.60/SF

NOI

$27.3K $10.51/SF

Area

Montgomery County, TX

Vacancy

5.80%

Lease Rate

$20.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$546,360

Cap Rate 7%

$390,257

Cap Rate 9%

$303,533

Alternative Uses

Best Use

Multifamily LT 5

$414.2K

$362.5K – $483.3K (±1% cap)

NOI $28,997 @ 7.0% cap · market cap 9.67%

Second Best

Apartment 5plus

$390.3K

$341.5K – $455.3K (±1% cap)

NOI $27,318 @ 7.0% cap · market cap 9.11%

Theoretical Best

Specialty Retail

$656.4K

$574.3K – $765.8K (±1% cap)

NOI $45,946 @ 7.0% cap · market cap 15.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Plumbing Service Locksmith Grocery & Convenience Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 77378, TX

17,417

Population

6,503

Households

2.7

Avg Household Size

35

Median Age

18%

College-Educated

81%

High-School Grad

89.1 sq mi

ZIP Area

195

Density / Sq Mi

$68,595

Median Household Income

$38,221

Median Earnings

$1,408

Median Rent

$177,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences offer three bedrooms, two full baths, and separate laundry hookups.

Where is this duplex located?

The property is located at 201 W Mink Street Willis, 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: 2,600‑square‑foot duplex with two matching residences; Each unit includes 3 bedrooms and 2 full baths; One unit is leased; the second is vacant and ready for occupancy