Remodeled Duplex
For Sale
$215,000
215 Greenlawn Avenue, Pleasanton, TX 78064
Two separate residences share one lot, with individual entrances, addresses, and utility meters.
Property Size1,344 SF
Price / SF$159.97
Days on Market173
Property Features for 215 Greenlawn Avenue
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi-Family / One Story
Net Operating Income
$23,100
Taxes and HOA fees
Annual Taxes
$4,800
Amenities
Ceramic Tile, Laminate
Composition
Slab
Conventional, FHA, Cash, Investors OK
Patio Slab, Covered Patio
Building Details
Year Built
1975
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Victor Soler · License #0767355
(855) 450-0442
Source:
Compass
Added: Mar 13
Changed: Aug 31
Last Checked: Aug 31 at 1:07AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This duplex property includes two remodeled residences arranged on a single city lot. The larger home offers three bedrooms and two full bathrooms, along with updated interiors and ceramic tile. The second residence is an efficiency home with its own entrance and utility service, providing a separate compact living space.
Each dwelling has a distinct address and separate utility meter, supporting independent occupancy and management. Exterior features include slab construction and a covered patio area. The property is located at 215 Greenlawn Avenue in Pleasanton, Texas.
Each dwelling has a distinct address and separate utility meter, supporting independent occupancy and management. Exterior features include slab construction and a covered patio area. The property is located at 215 Greenlawn Avenue in Pleasanton, Texas.
Key Highlights
- Two remodeled residences on one city lot
- Separate addresses, entrances, and utility meters
- Larger home includes 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,303
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,060
$206.1K
Cap Rate 7%
$147,186
$147.2K
Cap Rate 9%
$114,478
$114.5K
Market Conditions
NOI Build-Up for 1,344 SF
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.
Gross rent
$16.6K $12.36/SF
− Vacancy
−$1.9K −$1.41/SF
EGI
$14.7K $10.95/SF
− OpEx
−$4.4K −$3.29/SF
NOI
$10.3K $7.67/SF
Area
Atascosa 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,060
Cap Rate 7%
$147,186
Cap Rate 9%
$114,478
Alternative Uses
Best Use
Multifamily LT 5
$147.2K
$128.8K – $171.7K
NOI $10,303 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$130.5K
$114.2K – $152.2K
NOI $9,133 @ 7.0% cap · market cap 4.25%
Theoretical Best
Hotel Hospitality
$1.01M
$885.8K – $1.18M
NOI $70,862 @ 7.0% cap · market cap 32.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 78064, TX
15,710
Population
6,179
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
281.4 sq mi
ZIP Area
56
Density / Sq Mi
$69,407
Median Household Income
$36,185
Median Earnings
$1,109
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share one lot, with individual entrances, addresses, and utility meters.
Where is this duplex located?
The property is located at 215 Greenlawn Avenue Pleasanton, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two remodeled residences on one city lot; Separate addresses, entrances, and utility meters; Larger home includes 3 bedrooms and 2 full baths
