Duplex
For Sale
Contact for pricing
801 OKANE ST, Laredo, TX 78040
Duplex building in central Laredo with easy access to IH-35 and Loop 20, near major schools, dining, and shopping.
Property Size3,691 SF
Price / SF$115.14
Days on Market8
Property Features for 801 OKANE ST
General Information
Standard status
Active
Size
3,691 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Listing Agency:
ReMax Commercial
(956) 286-0030
Listed By:
Hector Alaniz · License #TX 0682988
Source:
Crexi
Added: Jul 23
Changed: Jul 29
Last Checked: Jul 30 at 6:20AM
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 ReMax Commercial
Investment Insights
Based on property information with market context.
Duplex building at 801 Okane St in Laredo, TX, built in 1989. The property is approximately 3,691 SF and is positioned for practical day-to-day access to area amenities.
The location offers easy access to IH-35 and Loop 20. It is also close to multiple elementary schools, with Martin High School and Nixon High School nearby. Residents and tenants benefit from proximity to restaurants and shopping centers in the surrounding area.
With a duplex layout and established construction dating to 1989, this property may be well suited for buyers seeking a residential income asset in a connected, amenity-oriented part of Laredo.
The location offers easy access to IH-35 and Loop 20. It is also close to multiple elementary schools, with Martin High School and Nixon High School nearby. Residents and tenants benefit from proximity to restaurants and shopping centers in the surrounding area.
With a duplex layout and established construction dating to 1989, this property may be well suited for buyers seeking a residential income asset in a connected, amenity-oriented part of Laredo.
Key Highlights
- Built in 1989
- Approximately 3,691 SF duplex building
- Easy access to IH‑35
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 | $50.9k | $13.80 |
| − Vacancy | −$3.8k | −$1.04 |
| EGI | $47.1k | $12.77 |
| − OpEx | −$14.1k | −$3.83 |
| NOI | $33.0k | $8.94 |
3,691 SF · lease $13.80/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.2K
$412.3K – $549.7K
NOI $32,981 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$415.2K
$363.3K – $484.4K
NOI $29,061 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$908.7K
$795.2K – $1.06M
NOI $63,612 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 78040, TX
36,688
Population
13,567
Households
2.7
Avg Household Size
33
Median Age
9%
College-Educated
52%
High-School Grad
6.3 sq mi
ZIP Area
5,823
Density / Sq Mi
$35,742
Median Household Income
$24,729
Median Earnings
$881
Median Rent
$116,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex building in central Laredo with easy access to IH-35 and Loop 20, near major schools, dining, and shopping.
Where is this duplex located?
The property is located at 801 OKANE ST Laredo, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Built in 1989; Approximately 3,691 SF duplex building; Easy access to IH‑35
