Two-Unit Duplex with
309 S Avenue S, Marble Falls, TX 78654
For Sale
$325,000
Both residences offer two bedrooms, one-and-a-half bathrooms, and a two-level layout in Marble Falls.
Property Size1,848 SF
Price / SF$175.87
Days on Market73
Property Features for 309 S Avenue S
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
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 2:42PM
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.
Built in 1984, this duplex contains two residences of approximately 924 square feet each. Both have two bedrooms, one-and-a-half bathrooms, two-story plans, and lofts. Recent property work includes roof replacement and fresh exterior paint.
Parks, hiking and biking trails, a dog park, basketball courts, and playgrounds are within walking distance. Lake Marble Falls is also readily accessible from the property.
Parks, hiking and biking trails, a dog park, basketball courts, and playgrounds are within walking distance. Lake Marble Falls is also readily accessible from the property.
Key Highlights
- Two residences, each with approximately 924 square feet
- Each unit has 2 bedrooms, 1.5 bathrooms, two stories, and a loft
- New roof and fresh exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,207
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,140
$364.1K
Cap Rate 7%
$260,100
$260.1K
Cap Rate 9%
$202,300
$202.3K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$27.7K $15.00/SF
− Vacancy
−$1.7K −$0.93/SF
EGI
$26.0K $14.07/SF
− OpEx
−$7.8K −$4.22/SF
NOI
$18.2K $9.85/SF
Area
Burnet County, TX
Vacancy
6.17%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,140
Cap Rate 7%
$260,100
Cap Rate 9%
$202,300
Alternative Uses
Best Use
Multifamily LT 5
$260.1K
$227.6K – $303.5K
NOI $18,207 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 5.16%
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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Lease Details
2
Residential units
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, one-and-a-half bathrooms, and a two-level layout in Marble Falls.
Where is this duplex located?
The property is located at 309 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: Two residences, each with approximately 924 square feet; Each unit has 2 bedrooms, 1.5 bathrooms, two stories, and a loft; New roof and fresh exterior paint
