Two-Home Multifamily
For Sale
$285,000
385 W County Road 5719, Devine, TX 78016
Country acreage includes separate mobile residences, each with three bedrooms and two bathrooms.
Property Size1,140 SF
Price / SF$250
Days on Market57
Property Features for 385 W County Road 5719
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Multi-Family
Building Details
Year Built
2011
Listing Agency:
Brush Country Real Estate
Listed By:
Vicki James
(830) 709-4304
Source:
Theswinneygroup
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 12 at 9:11PM
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 Brush Country Real Estate
Investment Insights
Based on property information with market context.
This multifamily property comprises 2.16 acres with two separate mobile homes, each configured with three bedrooms and two bathrooms. The homes provide distinct residential spaces on one tract, supporting separate household occupancy. A tank is also located on the property.
Built in 2011, the property is situated in a country setting at 385 W County Road 5719 in Devine, Texas. The combination of two residences and acreage provides a straightforward multifamily configuration for residential use.
Built in 2011, the property is situated in a country setting at 385 W County Road 5719 in Devine, Texas. The combination of two residences and acreage provides a straightforward multifamily configuration for residential use.
Key Highlights
- 2.16‑acre multifamily property in a country setting
- Two separate mobile homes on one tract
- Each home has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,157
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,140
$203.1K
Cap Rate 7%
$145,100
$145.1K
Cap Rate 9%
$112,856
$112.9K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$20.5K $18.00/SF
− Vacancy
−$2.1K −$1.80/SF
EGI
$18.5K $16.20/SF
− OpEx
−$8.3K −$7.29/SF
NOI
$10.2K $8.91/SF
Area
Medina County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,140
Cap Rate 7%
$145,100
Cap Rate 9%
$112,856
Alternative Uses
Best Use
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,157 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.8K
$254.5K – $339.3K
NOI $20,356 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 78016, TX
10,530
Population
4,281
Households
2.5
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
158.3 sq mi
ZIP Area
67
Density / Sq Mi
$57,609
Median Household Income
$36,769
Median Earnings
$739
Median Rent
$173,600
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?
Multifamily property - Country acreage includes separate mobile residences, each with three bedrooms and two bathrooms.
Where is this multifamily property located?
The property is located at 385 W County Road 5719 Devine, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2.16‑acre multifamily property in a country setting; Two separate mobile homes on one tract; Each home has 3 bedrooms and 2 bathrooms
