Duplex with New Metal
For Sale
$299,900
317-319 Gaiety Lane, Kirby, TX 78219
Multi-Family (2-8 Units), Kirby, TX
Property Size2,393 SF
Lot Size0.34 Acres
Price / SF$125.32
Days on Market97
Property Features for 317-319 Gaiety Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
OCL
Elementary school
Hopkins Ele
Middle school
Kirby
High school
Wagner
Elementary school district
Judson
Middle school district
Judson
High school district
Judson
Subdivision
1700
Standard status
Active
Size
2,393 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
4346
Utilities
Cooling system
Central Air
Amenities
private storage room
patio
fenced side yard
washer and dryer
Building Details
Year built
1972
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Vilma Pineda
(214) 202-7615
Added: Jul 3
Changed: Sep 21
Last Checked: Oct 7 at 4:06PM
MLS# 1997288
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.
Investment Insights
Based on property information with market context.
This 2,393-square-foot duplex, built in 1972, contains two residential units with two bedrooms and one full bathroom each. Both units include kitchens equipped with refrigerators, stoves, and microwaves, along with dedicated utility rooms containing washers and dryers. Central air serves the property, and a new metal roof is in place. Each residence also has a private storage room, patio, fenced side yard, and two-car carport.
One unit is occupied by long-term tenants. The property sits on 0.344 acres in Kirby, Texas, and carries OCL zoning. Community amenities include a pool, tennis courts, and a park. The location provides access to shopping, schools, IH-10, and Loop 410, with Fort Sam Houston and Randolph Air Force Base identified as a 15–20 minute commute.
One unit is occupied by long-term tenants. The property sits on 0.344 acres in Kirby, Texas, and carries OCL zoning. Community amenities include a pool, tennis courts, and a park. The location provides access to shopping, schools, IH-10, and Loop 410, with Fort Sam Houston and Randolph Air Force Base identified as a 15–20 minute commute.
Key Highlights
- 2,393‑square‑foot duplex on 0.344 acres
- Two units, each with 2 bedrooms and 1 full bathroom
- New metal roof installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,204
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,080
$504.1K
Cap Rate 7%
$360,057
$360.1K
Cap Rate 9%
$280,044
$280.0K
Market Conditions
NOI Build-Up for 2,393 SF
Gross rent
$38.8K $16.20/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$36.0K $15.05/SF
− OpEx
−$10.8K −$4.51/SF
NOI
$25.2K $10.53/SF
Area
Bexar County, TX
Vacancy
7.12%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,080
Cap Rate 7%
$360,057
Cap Rate 9%
$280,044
Alternative Uses
Best Use
Multifamily LT 5
$360.1K
$315.1K – $420.1K
NOI $25,204 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$313.1K
$273.9K – $365.2K
NOI $21,914 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$647.7K
$566.7K – $755.6K
NOI $45,338 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 78219, TX
16,509
Population
6,303
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
1,052
Density / Sq Mi
$52,147
Median Household Income
$31,608
Median Earnings
$1,128
Median Rent
$155,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer central HVAC, private storage, patios, fenced side yards, and two-car carports for each unit.
Where is this duplex located?
The property is located at 317-319 Gaiety Lane Kirby, TX.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,393‑square‑foot duplex on 0.344 acres; Two units, each with 2 bedrooms and 1 full bathroom; New metal roof installed
