Updated Two-Unit
For Sale
$375,000
709 Claremont Pkwy, Marble Falls, TX 78654
Residential Income, Marble Falls, TX
Property Size2,804 SF
Lot Size0.15 Acres
Price / SF$133.74
Days on Market98
Property Features for 709 Claremont Pkwy
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 5
Appliances
Dishwasher, Dryer, Disposal, Microwave, Electric Range, Washer, Washer Hookup
Subdivision
Claremont
Elementary school district
Marble Falls
Middle school district
Marble Falls
High school district
Marble Falls
Directions
From HWY 281 traveling North, turn right onto Mormon Mill Rd at the light at Walgreens. Then turn left on Mormon Mill Rd, pass Dollar General, turn right on Claremont Parkway. Will be on the left.
Standard status
Active
APN
069257
Size
2,804 SF
Lot size
0.15 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
S3673 Claremont Parkway Lot 28
Legal Description
S3673 Claremont Parkway Lot 28
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Number of units
2
Flooring type
Tile, Carpet
Building materials
Wood Siding, Brick, HardiPlank Type
Roof type
Composition
Buildings
1
Listing Agency:
Keller Williams - Lake Travis · Keller Williams Realty
(512) 263-9090
Listed By:
Mitzi Birdsong
(214) 908-1303
Added: Jul 24
Changed: Oct 24
Last Checked: Oct 29 at 10:06AM
MLS# 178843
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,804-square-foot duplex, built in 2007 on 0.15 acres, contains two matching but reversed 3-bedroom, 2.5-bathroom residences. Each unit includes a 1-car garage and expanded exterior parking. Recent interior refreshes include new paint and carpet, while granite countertops, central heating and central air, tile flooring, and selected appliances add practical functionality. The composition roof and HVAC systems were recently replaced. Unit A also offers a covered patio and private fenced backyard.
The property is located at 709 Claremont Pkwy in Marble Falls, within minutes of shopping, restaurants, schools, parks, and healthcare facilities. Public water and public sewer serve the property. Both units are currently occupied; Unit A has had the same tenants since 2018.
The property is located at 709 Claremont Pkwy in Marble Falls, within minutes of shopping, restaurants, schools, parks, and healthcare facilities. Public water and public sewer serve the property. Both units are currently occupied; Unit A has had the same tenants since 2018.
Key Highlights
- 2,804‑square‑foot duplex on 0.15 acres
- Two 3‑bedroom, 2.5‑bathroom units with matching reversed floorplans
- Each residence includes a 1‑car garage and expanded exterior parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,625
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,500
$552.5K
Cap Rate 7%
$394,643
$394.6K
Cap Rate 9%
$306,944
$306.9K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$42.1K $15.00/SF
− Vacancy
−$2.6K −$0.93/SF
EGI
$39.5K $14.07/SF
− OpEx
−$11.8K −$4.22/SF
NOI
$27.6K $9.85/SF
Area
Burnet County, TX
Vacancy
6.17%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,500
Cap Rate 7%
$394,643
Cap Rate 9%
$306,944
Alternative Uses
Best Use
Multifamily LT 5
$394.6K
$345.3K – $460.4K
NOI $27,625 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$363.4K
$318.0K – $423.9K
NOI $25,436 @ 7.0% cap · market cap 6.78%
Theoretical Best
Hotel Hospitality
$2.11M
$1.85M – $2.46M
NOI $147,841 @ 7.0% cap · market cap 39.42%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 78654, TX
19,698
Population
9,764
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
89%
High-School Grad
201.3 sq mi
ZIP Area
98
Density / Sq Mi
$72,669
Median Household Income
$37,391
Median Earnings
$1,404
Median Rent
$315,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied property with matching layouts, private outdoor space, and dedicated garage parking for each residence.
Where is this duplex located?
The property is located at 709 Claremont Pkwy Marble Falls, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,804‑square‑foot duplex on 0.15 acres; Two 3‑bedroom, 2.5‑bathroom units with matching reversed floorplans; Each residence includes a 1‑car garage and expanded exterior parking
