2-Unit New Construction
New
For Sale
$475,000
600a Apt 1 10th, Bandera, TX 78003
Separate water and electric meters serve the residences, with stainless steel kitchen appliances in each unit.
Property Size2,356 SF
Price / SF$201.61
Days on Market3
Property Features for 600a Apt 1 10th
General Information
Standard status
Active
Size
2,356 SF
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
2
Individually Metered Utilities
water, electricity
Additional Details
Utilities to Site
Yes
Amenities
Vinyl
Electric
1
Separate Electric,Separate Water
Heavy Composition
4 Sides Masonry,Cement Fiber
Slab
City
Covered Patio,Double Pane Windows,Unimproved Water Front,Level
Building Details
Building Size
2,356 SF
Year Built
2026
Buildings
1
Listing Agency:
The San Antonio Real Estate Company
(210) 410-2747
Listed By:
Kevin Kiser
(210) 494-4083
Source:
Malouffrealty
Added: Oct 29
Last Checked: Oct 29 at 2:56PM
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 The San Antonio Real Estate Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this 2,356-square-foot duplex contains two residences. Each unit has two upstairs bedrooms, a large living area, granite countertops in the kitchen and bathrooms, and a stainless steel appliance package with a refrigerator, stove, microwave, and dishwasher. Separate water and electric meters serve the units. Each residence also has a covered patio and a two-space parking pad.
The property is across the street from Bandera Middle School and just off the main street. The courthouse, shops, and restaurants are within walking distance.
The property is across the street from Bandera Middle School and just off the main street. The courthouse, shops, and restaurants are within walking distance.
Key Highlights
- 2,356‑square‑foot duplex built in 2026
- Two units, each with two upstairs bedrooms
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,179
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,580
$483.6K
Cap Rate 7%
$345,414
$345.4K
Cap Rate 9%
$268,656
$268.7K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$38.2K $16.20/SF
− Vacancy
−$3.6K −$1.54/SF
EGI
$34.5K $14.66/SF
− OpEx
−$10.4K −$4.40/SF
NOI
$24.2K $10.26/SF
Area
Bandera County, TX
Vacancy
9.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,580
Cap Rate 7%
$345,414
Cap Rate 9%
$268,656
Alternative Uses
Best Use
Multifamily LT 5
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$299.9K
$262.4K – $349.9K
NOI $20,992 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$601.0K
$525.9K – $701.1K
NOI $42,068 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 78003, TX
9,595
Population
5,194
Households
1.8
Avg Household Size
53
Median Age
24%
College-Educated
91%
High-School Grad
226.7 sq mi
ZIP Area
42
Density / Sq Mi
$54,500
Median Household Income
$35,179
Median Earnings
$1,096
Median Rent
$233,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate water and electric meters serve the residences, with stainless steel kitchen appliances in each unit.
Where is this duplex located?
The property is located at 600a Apt 1 10th Bandera, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,356‑square‑foot duplex built in 2026; Two units, each with two upstairs bedrooms; Separate water and electric meters for each unit
