Four-Duplex Multifamily
307 S Avenue S, Marble Falls, TX 78654
For Sale
$325,000
Two-bedroom residences feature lofts, two-story layouts, and one-and-a-half bathrooms.
Property Size1,848 SF
Price / SF$175.87
Days on Market73
Property Features for 307 S Avenue S
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Hurst Realty, LLC
(830) 798-0200
Listed By:
Jane Marie Hurst · License TX #0560277
(512) 755-2294
Source:
Crossingsrealestate
Added: Sep 1
Changed: Nov 12
Last Checked: Nov 11 at 9:06PM
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 Hurst Realty, LLC
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Investment Insights
Based on property information with market context.
The property comprises four duplexes built in 1984. Each residence offers two bedrooms, one and a half bathrooms, a two-story floor plan, and a loft, with approximately 924 square feet per unit. Recent property improvements include a roof replacement and exterior painting.
The Marble Falls location is within walking distance of parks, trails, a dog park, basketball courts, and a playground, with access to Lake Marble Falls nearby.
The Marble Falls location is within walking distance of parks, trails, a dog park, basketball courts, and a playground, with access to Lake Marble Falls nearby.
Key Highlights
- Four duplexes in Marble Falls
- Each unit offers two bedrooms, 1.5 bathrooms, a loft, and a two‑story layout
- Approximately 924 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,764
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,280
$335.3K
Cap Rate 7%
$239,486
$239.5K
Cap Rate 9%
$186,267
$186.3K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$32.6K $17.64/SF
− Vacancy
−$2.1K −$1.15/SF
EGI
$30.5K $16.49/SF
− OpEx
−$13.7K −$7.42/SF
NOI
$16.8K $9.07/SF
Area
Burnet County, TX
Vacancy
6.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,280
Cap Rate 7%
$239,486
Cap Rate 9%
$186,267
Alternative Uses
Best Use
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$686.6K
$600.8K – $801.0K
NOI $48,060 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Burnet County, TX
Properties on Market for Multifamily properties in Burnet County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-bedroom residences feature lofts, two-story layouts, and one-and-a-half bathrooms.
Where is this multifamily property located?
The property is located at 307 S Avenue S Marble Falls, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four duplexes in Marble Falls; Each unit offers two bedrooms, 1.5 bathrooms, a loft, and a two‑story layout; Approximately 924 square feet per unit
