Renovated Duplex With Commercial
For Sale
$430,000
5302 Treaschwig Rd, Spring, TX 77373
Fully renovated duplex includes double-pane windows, updated wiring and plumbing, new AC, and a tankless water heater.
Property Size2,605 SF
Price / SF$165.07
Days on Market115
Property Features for 5302 Treaschwig Rd
General Information
Standard status
Active
Size
2,605 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,498
Building Details
Year Renovated
2018
Listing Agency:
eXp Realty LLC
(979) 758-2300
Listed By:
Charles Jansky · License #0659946
(979) 758-2300
Source:
Exprealty
Added: May 1
Changed: Aug 23
Last Checked: Aug 22 at 12:10PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This fully renovated duplex was updated in 2018 and includes modern upgrades throughout. Improvements listed in the renovation scope include double-pane energy-efficient windows, new flooring, updated wiring and plumbing, window blinds, and a state-of-the-art security system. The property also features a new AC system and a tankless water heater.
Each unit provides its own living space, supporting the common setup of renting one unit while occupying the other. The property has also been approved for commercial use and comes with multiple permits already in place.
With residential income features and existing commercial approval/permits, the duplex offers flexibility for a buyer seeking a property that can support more than one use within the framework provided by the approvals and permits.
Each unit provides its own living space, supporting the common setup of renting one unit while occupying the other. The property has also been approved for commercial use and comes with multiple permits already in place.
With residential income features and existing commercial approval/permits, the duplex offers flexibility for a buyer seeking a property that can support more than one use within the framework provided by the approvals and permits.
Key Highlights
- Fully renovated duplex built in 1973, upgraded in 2018 with modern updates throughout.
- Double‑pane energy‑efficient windows, new flooring, and window blinds included.
- Updated wiring and plumbing with a state‑of‑the‑art security system.
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
$29,053
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
6.76%
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%
$581,060
$581.1K
Cap Rate 7%
$415,043
$415.0K
Cap Rate 9%
$322,811
$322.8K
Market Conditions
NOI Build-Up for 2,605 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
$44.4K $17.04/SF
− Vacancy
−$2.9K −$1.11/SF
EGI
$41.5K $15.93/SF
− OpEx
−$12.5K −$4.78/SF
NOI
$29.1K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /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%
$581,060
Cap Rate 7%
$415,043
Cap Rate 9%
$322,811
Alternative Uses
Best Use
Multifamily LT 5
$415.0K
$363.2K – $484.2K
NOI $29,053 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$391.0K
$342.1K – $456.2K
NOI $27,371 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$657.6K
$575.4K – $767.3K
NOI $46,035 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 77373, TX
63,413
Population
23,619
Households
2.7
Avg Household Size
34
Median Age
26%
College-Educated
88%
High-School Grad
23.8 sq mi
ZIP Area
2,664
Density / Sq Mi
$86,693
Median Household Income
$42,384
Median Earnings
$1,649
Median Rent
$221,400
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 - Fully renovated duplex includes double-pane windows, updated wiring and plumbing, new AC, and a tankless water heater.
Where is this duplex located?
The property is located at 5302 Treaschwig Rd Spring, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1973, upgraded in 2018 with modern updates throughout.; Double‑pane energy‑efficient windows, new flooring, and window blinds included.; Updated wiring and plumbing with a state‑of‑the‑art security system.
