Duplex with Two-Car
For Sale
$387,000
3417-3419 Lindsay Ln, Seguin, TX 78155
Recently built duplex with upgraded interiors, private outdoor space, and one move-in-ready residence.
Property Size2,744 SF
Price / SF$141.03
Days on Market12
Property Features for 3417-3419 Lindsay Ln
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Marshall Reddick Real Estate
(210) 620-3220
Listed By:
Victor Garcia
Source:
Drialtor
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 29 at 12:37PM
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 Marshall Reddick Real Estate
Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two spacious residences with upgraded flooring, granite kitchen counters, included appliances, and 42-inch upper cabinetry in the kitchens and bathrooms. The living rooms feature 11-foot ceilings, while the primary bedrooms have 10-foot ceilings. Each unit includes a large backyard, and the property also offers an oversized two-car garage. Primary bathrooms provide dual-sink vanities and full-size walk-in showers.
One residence is leased through 01/10/27, while the other is vacant and ready for occupancy. The property sits within the Jordans Creek community on the only cul-de-sac noted in the development, with access to Hwy 123 and I-10.
One residence is leased through 01/10/27, while the other is vacant and ready for occupancy. The property sits within the Jordans Creek community on the only cul-de-sac noted in the development, with access to Hwy 123 and I-10.
Key Highlights
- 2023‑built duplex with 2,744 square feet
- One unit leased through 01/10/27; the second unit is vacant and move‑in ready
- 11‑foot living room ceilings and 10‑foot primary bedroom ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,161
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,220
$563.2K
Cap Rate 7%
$402,300
$402.3K
Cap Rate 9%
$312,900
$312.9K
Market Conditions
NOI Build-Up for 2,744 SF
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.
Gross rent
$44.5K $16.20/SF
− Vacancy
−$4.2K −$1.54/SF
EGI
$40.2K $14.66/SF
− OpEx
−$12.1K −$4.40/SF
NOI
$28.2K $10.26/SF
Area
Guadalupe 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$563,220
Cap Rate 7%
$402,300
Cap Rate 9%
$312,900
Alternative Uses
Best Use
Multifamily LT 5
$402.3K
$352.0K – $469.4K
NOI $28,161 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$719.7K
$629.8K – $839.7K
NOI $50,380 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 78155, TX
51,772
Population
21,791
Households
2.4
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
355.5 sq mi
ZIP Area
146
Density / Sq Mi
$71,367
Median Household Income
$38,985
Median Earnings
$1,149
Median Rent
$246,000
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 - Recently built duplex with upgraded interiors, private outdoor space, and one move-in-ready residence.
Where is this duplex located?
The property is located at 3417-3419 Lindsay Ln Seguin, TX.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: 2023‑built duplex with 2,744 square feet; One unit leased through 01/10/27; the second unit is vacant and move‑in ready; 11‑foot living room ceilings and 10‑foot primary bedroom ceilings
