Single-Story
For Sale
$190,000
786 39th St W, Lakehills, TX 78063
Duplex improvements occupy a sloping site with mature trees in the Avalon subdivision.
Property Size1,460 SF
Lot Size1.24 Acres
Price / SF$130.14
Days on Market223
Property Features for 786 39th St W
General Information
Standard status
Active
Size
1,460 SF
Lot size
1.24 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1969
Buildings
1
Stories
1
Listing Agency:
Mi Casa Su Casa Properties
Listed By:
Allan Salazar
(210) 941-7639
Source:
Theswinneygroup
Added: Mar 17
Changed: Oct 8
Last Checked: Oct 7 at 4:43PM
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 Mi Casa Su Casa Properties
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 single-story duplex is currently under construction and includes metal exterior elements over a slab foundation. Interior finishes identified for the property include carpeting, vinyl, and other materials. The improvements are situated on a 1.24-acre tract with mature trees and sloping terrain.
The property is located at 786 39th Street in Lakehills, Texas, within the Avalon subdivision. Zoning is designated RE. The recorded property size is 1460.
The property is located at 786 39th Street in Lakehills, Texas, within the Avalon subdivision. Zoning is designated RE. The recorded property size is 1460.
Key Highlights
- Single‑story duplex currently under construction
- 1.24‑acre tract within the Avalon subdivision
- RE zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,984
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,680
$299.7K
Cap Rate 7%
$214,057
$214.1K
Cap Rate 9%
$166,489
$166.5K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$23.7K $16.20/SF
− Vacancy
−$2.2K −$1.54/SF
EGI
$21.4K $14.66/SF
− OpEx
−$6.4K −$4.40/SF
NOI
$15.0K $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%
$299,680
Cap Rate 7%
$214,057
Cap Rate 9%
$166,489
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.3K – $249.7K
NOI $14,984 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,009 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$372.4K
$325.9K – $434.5K
NOI $26,069 @ 7.0% cap · market cap 13.72%
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
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 78063, TX
9,302
Population
4,947
Households
1.9
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
119.3 sq mi
ZIP Area
78
Density / Sq Mi
$79,066
Median Household Income
$38,340
Median Earnings
$964
Median Rent
$265,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex improvements occupy a sloping site with mature trees in the Avalon subdivision.
Where is this duplex located?
The property is located at 786 39th St W Lakehills, TX.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Single‑story duplex currently under construction; 1.24‑acre tract within the Avalon subdivision; RE zoning designation
