Maintained Brick
For Sale
$302,500
406 W Oak Street, Highlands, TX 77562
Two residences feature updated interiors, private fenced yards, covered patios, and laundry hookups.
Property Size3,871 SF
Price / SF$78.15
Days on Market58
Property Features for 406 W Oak Street
General Information
Standard status
Active
Size
3,871 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,071
Amenities
in-unit laundry hookups
private fenced backyards
covered patios
Laminate
Yes
1
2
Washer Hookup,Dryer Hookup
Appraiser
Granite Counters,Ceiling Fan(s)
Partial
Cleared,Subdivision
13640
Two
110X124
Satellite Dish
3871
Building Details
Building Size
3,871 SF
Year Built
1988
Stories
1
Construction
brick
Listing Agency:
Keller Williams Realty Southwest
(281) 635-4007
Listed By:
Lisa Smith · License #0791341
(281) 635-4007
Source:
Garygreene
Added: Jun 9
Changed: Aug 5
Last Checked: Aug 5 at 4:12AM
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 Keller Williams Realty Southwest
Investment Insights
Based on property information with market context.
This duplex contains two residences, each offering two bedrooms, one bathroom, spacious living areas, a functional kitchen, updated flooring, and washer and dryer hookups. Solid brick construction, covered patios, and private fenced backyards add durable exterior features and usable outdoor space. The property was built in 1988 and has been maintained by its original owner.
Located at 406 W Oak Street in Highlands, Texas, the property includes 3,871 square feet and sits on a 13,640-square-foot lot measuring 110 by 124 feet. The two-unit configuration supports separate residential living areas within one investment property.
Located at 406 W Oak Street in Highlands, Texas, the property includes 3,871 square feet and sits on a 13,640-square-foot lot measuring 110 by 124 feet. The two-unit configuration supports separate residential living areas within one investment property.
Key Highlights
- Two‑unit duplex with 3,871 square feet
- Each residence includes 2 bedrooms and 1 bathroom
- Solid brick construction built in 1988
Financial Insights For Apartment 5plus
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 | $51.6k | $13.32 |
| − Vacancy | −$4.9k | −$1.27 |
| EGI | $46.7k | $12.05 |
| − OpEx | −$21.0k | −$5.42 |
| NOI | $25.7k | $6.63 |
3,871 SF · lease $13.32/SF/yr · vacancy 9.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$422.6K
$369.8K – $493.0K
NOI $29,580 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$366.6K
$320.8K – $427.8K
NOI $25,665 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.06M
$924.9K – $1.23M
NOI $73,989 @ 7.0% cap · market cap 24.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 77562, TX
11,861
Population
4,184
Households
2.8
Avg Household Size
38
Median Age
12%
College-Educated
81%
High-School Grad
13.5 sq mi
ZIP Area
879
Density / Sq Mi
$63,636
Median Household Income
$39,712
Median Earnings
$1,190
Median Rent
$195,300
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 - Two residences feature updated interiors, private fenced yards, covered patios, and laundry hookups.
Where is this duplex located?
The property is located at 406 W Oak Street Highlands, TX.
What is the asking price?
The asking price for this property is $302,500.
What are key features of this property?
This property features: Two‑unit duplex with 3,871 square feet; Each residence includes 2 bedrooms and 1 bathroom; Solid brick construction built in 1988
