Duplex with Wooded
For Sale
$299,900
410 W North St, Kyle, TX 78640
Both units are leased and include appliances, storage, and distinct outdoor improvements.
Property Size1,764 SF
Price / SF$170.01
Days on Market87
Property Features for 410 W North St
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
storage building
covered porch
granite countertops
Building Details
Year Built
1999
Listing Agency:
Lone Star Realty - Lockhart
Listed By:
Michelle Harmon
(512) 227-0845
Source:
Olverabolton
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 2:48PM
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 Lone Star Realty - Lockhart
Investment Insights
Based on property information with market context.
Built in 1999, this duplex contains two separate units, each with a 2/2 bath configuration. Both units are leased, and the sale includes two refrigerators, two stoves, and five window units. One unit features a kitchen updated within the last few years with granite countertops, while the other offers a covered porch. A storage building adds supplemental on-site utility.
The property occupies three lots at 410 W North St in Kyle, Texas, with a wooded setting. Schools and shopping are nearby, and IH 35 provides regional commuter access. The combination of two leased units, included appliances, and varied improvements supports a straightforward multifamily ownership profile.
The property occupies three lots at 410 W North St in Kyle, Texas, with a wooded setting. Schools and shopping are nearby, and IH 35 provides regional commuter access. The combination of two leased units, included appliances, and varied improvements supports a straightforward multifamily ownership profile.
Key Highlights
- Two separate leased units, each with a 2/2 bath configuration
- Property spans 3 lots in a wooded setting
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,041
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,820
$540.8K
Cap Rate 7%
$386,300
$386.3K
Cap Rate 9%
$300,456
$300.5K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$51.9K $29.40/SF
− Vacancy
−$2.7K −$1.53/SF
EGI
$49.2K $27.87/SF
− OpEx
−$22.1K −$12.54/SF
NOI
$27.0K $15.33/SF
Area
Hays County, TX
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,820
Cap Rate 7%
$386,300
Cap Rate 9%
$300,456
Alternative Uses
Best Use
Multifamily LT 5
$422.6K
$369.8K – $493.0K
NOI $29,580 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$386.3K
$338.0K – $450.7K
NOI $27,041 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$737.4K
$645.2K – $860.3K
NOI $51,618 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 78640, TX
64,539
Population
25,236
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
87%
High-School Grad
89.6 sq mi
ZIP Area
720
Density / Sq Mi
$88,533
Median Household Income
$45,439
Median Earnings
$1,572
Median Rent
$291,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Both units are leased and include appliances, storage, and distinct outdoor improvements.
Where is this duplex located?
The property is located at 410 W North St Kyle, 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: Two separate leased units, each with a 2/2 bath configuration; Property spans 3 lots in a wooded setting; Built in 1999
