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    Triplex with Alley-Access Garage Apartment Title is generated by Realmo AI

    416 &412 Lafayette, Pittsburg, TX 75686

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    For Sale
    $320,000

    MULTI_FAMILY - Pittsburg, TX

    Lot size:
    0.80 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 416 &412 Lafayette

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    6
    Parking features
    Alley, Driveway
    Standard status
    Active
    APN
    1055
    Lot size
    0.80 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Vinyl
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jennifer Sharp

    Listing agent Jennifer Sharp

    Listing office NextPhase Realty TX

    Listing date Apr 6, 2026

    MLS# 21230680 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three rental units in one: 412 Lafayette (3 bed/1.5 bath), 410 Lafayette garage apartment (2 bed/1 bath), and 416 Lafayette (3 bed/2 bath).
    • 410 Lafayette has rear alley access for parking and its own electric meter; 412 has its own electric meter.
    • Current rents: 412 Lafayette $1,200/mo; 410 Lafayette $450/mo; 416 Lafayette $1,600/mo.
    • Shared utilities structure: landlord pays water, sewer, and trash (water meter shared; average about $175/month).
    • Public utilities: public water and public sewer; central heating and central A/C; asphalt shingle roof.
    • Flooring is vinyl; parking includes alley and driveway access.

    Overview

    This triplex-style residential income property includes two homes and one garage apartment all on a single lot. The residence at 412 Lafayette is a 3-bedroom, 1.5-bath home on approximately 0.41 acres and also includes the adjacent garage apartment at 410 Lafayette. The garage apartment is a 2-bedroom, 1-bath unit with its own alley access for rear parking. The home at 416 Lafayette is a 3-bedroom, 2-bath property and features a fenced-in backyard.

    Tenants benefit from practical utility setup, as the two units have their own electric meters while sharing a water meter. The landlord pays the water bill, which is described as including sewer and trash pickup, averaging about $175 per month. Current rents are $1,200 per month for 412 Lafayette and $450 per month for 410 Lafayette, with 416 Lafayette renting for $1,600 per month.

    For investors or owner-occupants looking for multiple income streams within one configuration, this property offers three separate living spaces with distinct bedroom mixes. The rear alley access to the garage apartment can support tenant convenience and parking needs, while the fenced backyard adds an appealing feature for the 416 Lafayette home.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Pittsburg
    County
    Camp
    State
    Texas
    Longitude
    -94.9609172
    Latitude
    32.9895386

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    FAQs

    What type of property is this?
    Triplex - Two houses plus a rear garage apartment offer separate electric metering and steady rental income potential.
    Where is this triplex located?
    The property is located at 416 &412 Lafayette Pittsburg, TX.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Three rental units in one: 412 Lafayette (3 bed/1.5 bath), 410 Lafayette garage apartment (2 bed/1 bath), and 416 Lafayette (3 bed/2 bath).; 410 Lafayette has rear alley access for parking and its own electric meter; 412 has its own electric meter.; Current rents: 412 Lafayette $1,200/mo; 410 Lafayette $450/mo; 416 Lafayette $1,600/mo.
    (903) 440-4562
    We can help!
    Listing Contact
    Jennifer Sharp
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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