Updated Farmhouse-Style
205 2nd Ave #1 & 2 Smithville, TX 78957
For Sale
$359,000
Each side offers two bedrooms and one bath with open-concept living, dining, and kitchen areas, plus updated flooring and paint.
Property Size1,680 SF
Price / SF$213.69
Days on Market25
Property Features for 205 2nd Ave #1 & 2
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1981
Listing Agency:
Kana Real Estate
(512) 412-6314
Listed By:
Dawn Kana · License #0356844
Source:
Buttross
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 23 at 8:51AM
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
Investment Insights
Based on property information with market context.
This farmhouse-style duplex features a painted exterior with updated flooring and fresh interior paint. Each side is laid out with an open concept plan connecting the living, dining, and kitchen areas, including a breakfast bar and ample counter space and cabinetry in the kitchen. Both units include two bedrooms and one bath, providing a straightforward, efficient design.
Outside, the property includes a fenced backyard and a front porch overlooking the neighbor’s pasture.
The duplex configuration makes it a practical residential income property with two identical two-bedroom, one-bath units arranged in the same open-concept style.
Outside, the property includes a fenced backyard and a front porch overlooking the neighbor’s pasture.
The duplex configuration makes it a practical residential income property with two identical two-bedroom, one-bath units arranged in the same open-concept style.
Key Highlights
- Year built 1981 duplex with farmhouse‑style exterior
- Each side has 2 bedrooms and 1 bathroom
- Open‑concept layout with living, dining, and kitchen in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $25.20 |
| − Vacancy | −$2.1k | −$1.24 |
| EGI | $40.2k | $23.96 |
| − OpEx | −$12.1k | −$7.19 |
| NOI | $28.2k | $16.77 |
1,680 SF · lease $25.20/SF/yr · vacancy 4.94% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each side offers two bedrooms and one bath with open-concept living, dining, and kitchen areas, plus updated flooring and paint.
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: Year built 1981 duplex with farmhouse‑style exterior; Each side has 2 bedrooms and 1 bathroom; Open‑concept layout with living, dining, and kitchen in each unit
