Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Upgraded Duplex Income Property Title is generated by Realmo AI

    713 W Willis St, Alvin, TX 77511

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    Two updated duplexes with multiple units currently occupied, featuring recent interior finishes and modernized surfaces.

    Type:Investment
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:47 am

    Property Features for 713 W Willis St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Michael Carbajal

    Listing agent Michael Carbajal

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Michael Carbajal

    HighLights

    • Year built 1945: 2 duplexes with multiple units currently occupied
    • 3 units currently occupied with rents reported between $650–$800
    • Recently updated interiors including new/updated paint, flooring, and countertops
    • Conveniently located near Sealy Park with easy access to restaurants, shopping, amenities, and commuter routes

    Overview

    This for-sale multifamily property includes two duplex buildings configured as residential income units. Public remarks indicate three units are currently occupied and generating rents between $650 and $800. The interiors have been recently updated with improvements such as fresh interior paint, updated flooring, and refreshed countertops, among other stated upgrades. The result is a move-in-ready, income-producing configuration with refreshed unit finishes.

    The property is located at 713 W Willis St in Alvin, Texas, near Sealy Park. Access is described as convenient for day-to-day needs, with local restaurants, shopping, and amenities within reach, along with commuter routes for regional travel.

    For investors or owner-operators seeking a two-duplex setup, the current occupancy and stated rent range provide a starting point for underwriting. The combination of multiple units and recent interior updates may also support easier leasing and tenant turnover planning. A private viewing is recommended to confirm unit details, finishes, and current conditions of each occupied space.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2503448
    Latitude
    29.424435

    Nearby Similar for Sale

    • $999,000
      9,225 SF

      Alvin Warehouse For Sale

      9,225 square foot warehouse on 0.39 acres in Alvin.
      601 S. GORDON ST., Alvin, TX 77511
      View Details
    • $320,000
      87,120 SF

      20 Acres Land in Alvin

      20 acres of land available in Alvin, Texas.
      FM 2917, Alvin, TX 77511
      View Details
    • $1,699,000
      12,240 SF

      Newly Renovated Storage Facility

      Renovated storage facility with online systems and growth potential.
      1817 Callaway Drive, Alvin, TX 77511
      View Details
    • $650,000
      5,218 SF

      Mixed-Use Property on Corner Lot

      Versatile mixed-use property with residence, workshop, and open concept building.
      2900 W Highway 6, Alvin, TX
      View Details
    • $1,650,000
      17,408 SF

      Renovated Multifamily Asset in Alvin

      20-unit multifamily property in Alvin, TX, renovated in 2019.
      601 E Coombs St, Alvin, TX 77511
      View Details
    • $12

      Renovated Triplex in Alvin, Texas

      Fully renovated triplex near downtown Alvin, ready for immediate leasing.
      211 W South St, Alvin, TX 77511
      View Details
    • $1,300,000
      5,550 SF

      Fully Leased Alvin Retail Center

      5,550 SF retail center with established tenants in Alvin.
      1516 S Gordon St, Alvin, TX
      View Details
    • $899,000
      817 SF

      Office/Flex Space in Alvin, Texas

      Newly renovated office/flex space with high visibility on State Route 35.
      2300 S Bypass 35, Alvin, TX
      View Details
    • $6,352,650
      22,405 SF

      Neighborhood Shopping Center

      A 2001-built retail center with ten national or regional retailers, services, and restaurants anchored by a strong tenant mix.
      1591 E HWY 6, ALVIN, TX
      View Details
    • $799,000
      12,000 SF

      Alvin Mixed-Use Redevelopment Opportunity

      4-acre corner lot near Grand Parkway with income potential.
      831 FM 2917, Alvin, TX 77511
      View Details
    • $599,000
      10,000 SF

      Established Gun Range & Retail

      Profitable gun range and retail business for sale.
      1204 FM 1462, Alvin, TX 77511
      View Details
    • $3,500,000
      11,600 SF

      Recycling Center Facility on Highway

      Operating recycling center facility on 12.96 acres in Alvin, Texas.
      6902 TX-35, Alvin, TX
      View Details

    FAQs

    What type of property is this?
    Duplex - Two updated duplexes with multiple units currently occupied, featuring recent interior finishes and modernized surfaces.
    Where is this duplex located?
    The property is located at 713 W Willis St Alvin, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Year built 1945: 2 duplexes with multiple units currently occupied; 3 units currently occupied with rents reported between $650–$800; Recently updated interiors including new/updated paint, flooring, and countertops
    (832) 380-1315
    We can help!
    Listing Contact
    Michael Carbajal
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    713 W Willis St, Alvin, TX 77511
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!