New Construction Duplex with
For Sale
$547,000
337 E Castlewood, Granite Shoals, TX 78654
MULTI_FAMILY - Granite Shoals, TX
Property Size2,838 SF
Lot Size0.34 Acres
Price / SF$192.74
Days on Market94
Property Features for 337 E Castlewood
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2
Appliances
Dryer, Disposal, Microwave, Electric Range, Refrigerator, Washer, Washer Hookup
Elementary school district
Marble Falls
Middle school district
Marble Falls
High school district
Marble Falls
Directions
From RR 1431, take Prairie Creek Road to the first stop sign and turn right on Mystic Drive. Turn right on E Castlewood.
Standard status
Active
APN
031748
Size
2,838 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
S6560 MYSTIC CASTLE (SHERWOOD SHORES) LOT 270A
Legal Description
S6560 MYSTIC CASTLE (SHERWOOD SHORES) LOT 270A
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Number of units
2
Flooring type
Concrete
Building materials
Wood Siding, HardiPlank Type, Stone
Roof type
Composition
Listing Agency:
Cook Residential RE
(512) 656-2964
Listed By:
Stacy Alexander · License #0630841
(512) 567-5653
Added: Apr 29
Changed: Jul 29
Last Checked: Jul 31 at 6:06PM
MLS# 177730
Copyright © 2026 Highland Lakes Association of Realtors 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.
Built in 2024, this fully furnished duplex is designed for immediate use and income generation. The property is configured as two separate units, and each unit features three bedrooms and two bathrooms. Outdoor space is built into the plan with a front porch and a private back porch for each unit.
The home is located at 337 E Castlewood in Granite Shoals, Texas, in Burnet County. A spacious circular concrete driveway provides ample parking for guests and tenants, supporting convenient arrival and day-to-day access.
The duplex is currently operated as short-term rentals and is described as turnkey for the next owner, with furnishings included and the unit layouts already in place.
The home is located at 337 E Castlewood in Granite Shoals, Texas, in Burnet County. A spacious circular concrete driveway provides ample parking for guests and tenants, supporting convenient arrival and day-to-day access.
The duplex is currently operated as short-term rentals and is described as turnkey for the next owner, with furnishings included and the unit layouts already in place.
Key Highlights
- Duplex built in 2024 in Granite Shoals—fully furnished and currently operated as short‑term rentals
- Each unit offers 3 bedrooms and 2 bathrooms, plus a front porch and private back porch
- Central heating and central air conditioning
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.6k | $15.00 |
| − Vacancy | −$2.6k | −$0.93 |
| EGI | $39.9k | $14.07 |
| − OpEx | −$12.0k | −$4.22 |
| NOI | $28.0k | $9.85 |
2,838 SF · lease $15.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.4K
$349.5K – $466.0K
NOI $27,960 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$367.8K
$321.8K – $429.1K
NOI $25,745 @ 7.0% cap · market cap 4.71%
Theoretical Best
Hotel Hospitality
$2.14M
$1.87M – $2.49M
NOI $149,634 @ 7.0% cap · market cap 27.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
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
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 - Built in 2024, this fully furnished duplex offers two units with 3 bedrooms and 2 bathrooms plus front and back porches.
Where is this duplex located?
The property is located at 337 E Castlewood Granite Shoals, TX.
What is the asking price?
The asking price for this property is $547,000.
What are key features of this property?
This property features: Duplex built in 2024 in Granite Shoals—fully furnished and currently operated as short‑term rentals; Each unit offers 3 bedrooms and 2 bathrooms, plus a front porch and private back porch; Central heating and central air conditioning
