Two-Unit Duplex
700 E Fannin Avenue Alamo, TX 78516
700 E Fannin Avenue, Alamo, TX, 78516
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For Sale
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Income-producing duplex with two units on two lots in Alamo, Texas, and a large outdoor yard area.
Property Size1,320 SF
Price / SF$185.61
Days on Market70
Property Features for 700 E Fannin Avenue
General Information
- Standard status
- Active
- Size
- 1,320 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing agency
Zapphire Real Estate Group
Listed by
Glenda Pecina
Source
Crexi
Added: May 13 Updated: Jul 20 at 4:37PM Checked: Jul 21 at 4:46AM
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 Zapphire Real Estate Group
Investment Insights
Based on property information with market context.
This income-producing duplex includes two well-sized units and sits on a spacious property comprised of two lots being sold together. A recently completed survey is on file. Outdoor space is provided through a large yard, offering tenants an additional area for daily use.
The property is located in Alamo, Texas, with convenience to schools, shopping, dining, and major roadways for commuting.
Offered for sale as a duplex with two rental units, the layout supports an owner-investor or investor seeking to add residential income to a portfolio.
The property is located in Alamo, Texas, with convenience to schools, shopping, dining, and major roadways for commuting.
Offered for sale as a duplex with two rental units, the layout supports an owner-investor or investor seeking to add residential income to a portfolio.
Key Highlights
- Income‑producing duplex in Alamo, Texas, built in 1975, featuring two well‑sized units
- Sold on two lots together, providing a larger overall property footprint
- Large outdoor yard area for tenant enjoyment
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.5k | $14.04 |
| − Vacancy | −$2.0k | −$1.55 |
| EGI | $16.5k | $12.49 |
| − OpEx | −$4.9k | −$3.75 |
| NOI | $11.5k | $8.74 |
1,320 SF · lease $14.04/SF/yr · vacancy 11.02% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,543 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$151.8K
$132.9K – $177.1K
NOI $10,628 @ 7.0% cap · market cap 4.34%
Theoretical Best
Hotel Hospitality
$994.2K
$870.0K – $1.16M
NOI $69,597 @ 7.0% cap · market cap 28.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Income-producing duplex with two units on two lots in Alamo, Texas, and a large outdoor yard area.
Where is this duplex located?
The property is located at 700 E Fannin Avenue Alamo, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Income‑producing duplex in Alamo, Texas, built in 1975, featuring two well‑sized units; Sold on two lots together, providing a larger overall property footprint; Large outdoor yard area for tenant enjoyment
