Duplex with Metal
New
For Sale
$179,900
289 CHAPARRAL DR, Bandera, TX 78003
Multi-Family (2-8 Units), Bandera, TX
Property Size1,344 SF
Lot Size0.24 Acres
Price / SF$133.85
Days on Market4
Property Features for 289 CHAPARRAL DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school
Alkek
Middle school
Bandera
High school
Bandera
Elementary school district
Bandera Isd
Middle school district
Bandera Isd
High school district
Bandera Isd
Subdivision
2400
Standard status
Active
APN
12576000010230
Size
1,344 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
2751
HOA Fee
$150 Annually
Building Details
Year built
2018
Listing Agency:
eXp Realty
Listed By:
Michael Godinez
(888) 519-7431
Added: Nov 3
Last Checked: Nov 6 at 4:06AM
MLS# 2027888
Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2018 duplex contains two residences with a combined 1,344 square feet. Each unit has two bedrooms and one bathroom, with high ceilings and laminate flooring. A metal roof covers the building, which occupies a 0.238-acre parcel.
The property is in the gated Enchanted River Estates community in Bandera, near local shops, dining, and river access. Tenants pay their own electric, internet, and trash costs, and each reimburses the owner for water at a flat rate.
The property is in the gated Enchanted River Estates community in Bandera, near local shops, dining, and river access. Tenants pay their own electric, internet, and trash costs, and each reimburses the owner for water at a flat rate.
Key Highlights
- Two units, each with 2 bedrooms and 1 bath
- 1,344 square feet of total building area
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,793
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,860
$275.9K
Cap Rate 7%
$197,043
$197.0K
Cap Rate 9%
$153,256
$153.3K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$21.8K $16.20/SF
− Vacancy
−$2.1K −$1.54/SF
EGI
$19.7K $14.66/SF
− OpEx
−$5.9K −$4.40/SF
NOI
$13.8K $10.26/SF
Area
Bandera County, TX
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,860
Cap Rate 7%
$197,043
Cap Rate 9%
$153,256
Alternative Uses
Best Use
Multifamily LT 5
$197.0K
$172.4K – $229.9K
NOI $13,793 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$342.8K
$300.0K – $400.0K
NOI $23,998 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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Business Placement
Demographics for 78003, TX
9,595
Population
5,194
Households
1.8
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
226.7 sq mi
ZIP Area
42
Density / Sq Mi
$54,500
Median Household Income
$35,179
Median Earnings
$1,096
Median Rent
$233,100
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 - Two leased residences each offer a two-bedroom, one-bath layout.
Where is this duplex located?
The property is located at 289 CHAPARRAL DR Bandera, TX.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bath; 1,344 square feet of total building area; Built in 2018
