Duplex with Two 2BR
For Sale
$189,000
215 S 11th Street, Aransas Pass, TX 78336
MULTI_FAMILY - Aransas Pass, TX
Property Size1,500 SF
Lot Size0.16 Acres
Price / SF$126
Days on Market69
Property Features for 215 S 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Appliances
ElectricOven, ElectricRange, Refrigerator, MultipleWaterHeaters
Subdivision
Aransas Pass-Townsite
Lot features
Interior Lot
Elementary school
Aransas Pass
Middle school
Aransas Pass
High school
Aransas Pass
Elementary school district
Aransas Pass ISD
Middle school district
Aransas Pass ISD
High school district
Aransas Pass ISD
Standard status
Active
APN
52590
Size
1,500 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
CITY OF ARANSAS PASS TOWNSITE BLK 230 LOT 2
Tax Annual Amount
3825
Legal Description
CITY OF ARANSAS PASS TOWNSITE BLK 230 LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Dream Team Realtors
(361) 758-7534
Listed By:
Sandy Riggs · License #0675704
(361) 222-1134
Added: Jun 1
Changed: Aug 3
Last Checked: Aug 8 at 10:06PM
MLS# 477002
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two independently arranged residential units with matching layouts of two bedrooms and one full bathroom. The downstairs unit includes a dedicated utility room with washer and dryer hookups for added convenience. The upstairs unit features a bright, private layout suited for long-term tenants or visiting guests.
Located in Aransas Pass, the property is positioned near local amenities as well as shopping and dining, with the Coastal Bend lifestyle centered around nearby fishing and boating destinations.
With a practical two-unit configuration and in-unit laundry hookups on the lower level, this is a straightforward option for owner-occupancy with rental income, or for investors seeking a flexible multi-unit residential property.
Located in Aransas Pass, the property is positioned near local amenities as well as shopping and dining, with the Coastal Bend lifestyle centered around nearby fishing and boating destinations.
With a practical two-unit configuration and in-unit laundry hookups on the lower level, this is a straightforward option for owner-occupancy with rental income, or for investors seeking a flexible multi-unit residential property.
Key Highlights
- Multi‑unit property with two separate units: downstairs unit has 2 bedrooms and 1 full bathroom; upstairs unit has 2 bedrooms and 1 full bathroom
- Downstairs unit includes a dedicated utility room with washer and dryer hookups
- Appliances included: electric oven, electric range, and refrigerator
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
$13,865
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
7.34%
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%
$277,300
$277.3K
Cap Rate 7%
$198,071
$198.1K
Cap Rate 9%
$154,056
$154.1K
Market Conditions
NOI Build-Up for 1,500 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
$22.5K $15.00/SF
− Vacancy
−$2.7K −$1.80/SF
EGI
$19.8K $13.20/SF
− OpEx
−$5.9K −$3.96/SF
NOI
$13.9K $9.24/SF
Area
San Patricio County, TX
Vacancy
11.97%
Lease Rate
$15.00 /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%
$277,300
Cap Rate 7%
$198,071
Cap Rate 9%
$154,056
Alternative Uses
Best Use
Multifamily LT 5
$198.1K
$173.3K – $231.1K
NOI $13,865 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$175.5K
$153.6K – $204.8K
NOI $12,287 @ 7.0% cap · market cap 6.50%
Theoretical Best
Hotel Hospitality
$769.5K
$673.3K – $897.8K
NOI $53,865 @ 7.0% cap · market cap 28.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate upstairs and downstairs units each feature two bedrooms and one full bath.
Where is this duplex located?
The property is located at 215 S 11th Street Aransas Pass, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Multi‑unit property with two separate units: downstairs unit has 2 bedrooms and 1 full bathroom; upstairs unit has 2 bedrooms and 1 full bathroom; Downstairs unit includes a dedicated utility room with washer and dryer hookups; Appliances included: electric oven, electric range, and refrigerator
