Six-Bedroom Duplex with Attached
602-600 Old Lorena Rd, Lorena, TX 76655
For Sale
$420,000
Pending
Both residences include fenced outdoor areas and attached garages, with three bedrooms and two bathrooms per side.
Property Size2,791 SF
Days on Market73
Property Features for 602-600 Old Lorena Rd
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
fenced backyards
Building Details
Buildings
Listing Agency:
Bluebonnet Properties Inc.
Listed By:
Amber Rayborn · License TX #721005
(254) 776-3094
Source:
Exprealty
Added: Sep 3
Changed: Nov 8
Last Checked: Nov 12 at 9:10AM
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 Bluebonnet Properties Inc.
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.
This duplex contains 2,791 square feet across two residences. Each side has three bedrooms, two bathrooms, an attached two-car garage, and a fenced backyard, providing a matching configuration in both units.
The property is within the Lorena ISD school district.
The property is within the Lorena ISD school district.
Key Highlights
- 2,791‑square‑foot duplex
- Three bedrooms and two bathrooms in each residence
- Attached two‑car garage on each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,177
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,540
$483.5K
Cap Rate 7%
$345,386
$345.4K
Cap Rate 9%
$268,633
$268.6K
Market Conditions
NOI Build-Up for 2,791 SF
Gross rent
$37.8K $13.56/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$34.5K $12.37/SF
− OpEx
−$10.4K −$3.71/SF
NOI
$24.2K $8.66/SF
Area
McLennan County, TX
Vacancy
8.74%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,540
Cap Rate 7%
$345,386
Cap Rate 9%
$268,633
Alternative Uses
Best Use
Multifamily LT 5
$345.4K
$302.2K – $403.0K
NOI $24,177 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$317.8K
$278.1K – $370.8K
NOI $22,245 @ 7.0% cap · market cap 5.30%
Theoretical Best
Specialty Retail
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 76655, TX
10,227
Population
3,478
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
97%
High-School Grad
77.7 sq mi
ZIP Area
132
Density / Sq Mi
$106,012
Median Household Income
$54,812
Median Earnings
$967
Median Rent
$294,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in McLennan County, TX
Properties on Market for Duplexes in McLennan County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include fenced outdoor areas and attached garages, with three bedrooms and two bathrooms per side.
Where is this duplex located?
The property is located at 602-600 Old Lorena Rd Lorena, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,791‑square‑foot duplex; Three bedrooms and two bathrooms in each residence; Attached two‑car garage on each side
