Two-Unit Duplex with Private
210 & 212 SAINT MARYS Place, Rockwall, TX 75087
For Sale
$553,000
Each residence offers two bedrooms, two bathrooms, an open living and dining area, and a fireplace.
Property Size2,306 SF
Price / SF$239.81
Days on Market12
Property Features for 210 & 212 SAINT MARYS Place
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Raglin Real Estate, LLC
Listed By:
David Raglin · License TX #0569333
(469) 474-8084
Source:
Martenteam
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 4:04PM
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 Raglin Real Estate, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 2 bedrooms and 2 bathrooms. Both have an open arrangement connecting the living and dining areas, a fireplace, and a kitchen with a breakfast bar. Primary suites include walk-in closets, dual vanities, and built-ins. The property totals 2,306 square feet and was built in 1984.
Set on a corner lot with mature trees and landscaping, the homes have sizable backyards that provide separation between residents. The property is on a loop street described as low traffic, with access to I-30 and Hwy 66 for regional commuting. Downtown Rockwall, Lake Ray Hubbard, Harry Myers Park, other parks, and shopping are identified among the nearby destinations.
Set on a corner lot with mature trees and landscaping, the homes have sizable backyards that provide separation between residents. The property is on a loop street described as low traffic, with access to I-30 and Hwy 66 for regional commuting. Downtown Rockwall, Lake Ray Hubbard, Harry Myers Park, other parks, and shopping are identified among the nearby destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- Combined property size: 2,306 square feet; built in 1984
- Open living and dining areas with fireplaces in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,263
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,260
$385.3K
Cap Rate 7%
$275,186
$275.2K
Cap Rate 9%
$214,033
$214.0K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$31.0K $13.44/SF
− Vacancy
−$3.5K −$1.51/SF
EGI
$27.5K $11.93/SF
− OpEx
−$8.3K −$3.58/SF
NOI
$19.3K $8.35/SF
Area
Rockwall County, TX
Vacancy
11.21%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,260
Cap Rate 7%
$275,186
Cap Rate 9%
$214,033
Alternative Uses
Best Use
Multifamily LT 5
$275.2K
$240.8K – $321.1K
NOI $19,263 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$239.7K
$209.8K – $279.7K
NOI $16,780 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$811.2K
$709.8K – $946.4K
NOI $56,783 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,168
Businesses Nearby
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Business Placement
Demographics for 75087, TX
40,460
Population
15,103
Households
2.7
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
29.4 sq mi
ZIP Area
1,376
Density / Sq Mi
$128,590
Median Household Income
$61,467
Median Earnings
$1,727
Median Rent
$399,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, two bathrooms, an open living and dining area, and a fireplace.
Where is this duplex located?
The property is located at 210 & 212 SAINT MARYS Place Rockwall, TX.
What is the asking price?
The asking price for this property is $553,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Combined property size: 2,306 square feet; built in 1984; Open living and dining areas with fireplaces in both units
