Updated Duplex with Fenced
For Sale
$359,000
205 2nd Ave 1 & 2, Smithville, TX 78957
Each unit offers two bedrooms, one bath, and an open arrangement connecting the living, dining, and kitchen areas.
Property Size1,680 SF
Price / SF$213.69
Days on Market69
Property Features for 205 2nd Ave 1 & 2
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced backyard
front porch
breakfast bar
cabinets
Building Details
Year Built
1981
Construction
farmhouse style
Listing Agency:
Kana Real Estate
Listed By:
Dawn Kana · License #0356844
(512) 413-3988
Source:
Olverabolton
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 7 at 5:27PM
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 Kana Real Estate
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Investment Insights
Based on property information with market context.
Built in 1981, this duplex contains 1680 square feet across two residential units. Both sides feature two bedrooms and one bathroom, with connected living, dining, and kitchen areas arranged in an open layout. Kitchen details include a breakfast bar, generous counter space, and ample cabinetry. Updated flooring and fresh paint provide recent interior improvements.
Outdoor features include a fenced backyard and a front porch positioned toward the neighboring pasture. The property is located at 205 2nd Ave in Smithville, Texas, with both units identified as 1 and 2.
Outdoor features include a fenced backyard and a front porch positioned toward the neighboring pasture. The property is located at 205 2nd Ave in Smithville, Texas, with both units identified as 1 and 2.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath on each side
- 1680 square feet total
- Open‑concept living, dining, and kitchen areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,171
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,420
$563.4K
Cap Rate 7%
$402,443
$402.4K
Cap Rate 9%
$313,011
$313.0K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$42.3K $25.20/SF
− Vacancy
−$2.1K −$1.24/SF
EGI
$40.2K $23.96/SF
− OpEx
−$12.1K −$7.19/SF
NOI
$28.2K $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 Rate 5%
$563,420
Cap Rate 7%
$402,443
Cap Rate 9%
$313,011
Alternative Uses
Best Use
Multifamily LT 5
$402.4K
$352.1K – $469.5K
NOI $28,171 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$367.9K
$321.9K – $429.2K
NOI $25,753 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$658.3K
$576.1K – $768.1K
NOI $46,084 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 78957, TX
10,214
Population
4,743
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
177.1 sq mi
ZIP Area
58
Density / Sq Mi
$62,796
Median Household Income
$39,731
Median Earnings
$1,169
Median Rent
$246,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers two bedrooms, one bath, and an open arrangement connecting the living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 205 2nd Ave 1 & 2 Smithville, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bath on each side; 1680 square feet total; Open‑concept living, dining, and kitchen areas in both units
