Tri-Plex with Two Units Plus Garage
803 Elm St, Seguin, TX 78155
For Sale
$264,999
Tri-plex includes two 1-bedroom units and a separate 1-bedroom garage apartment for flexible owner or tenant living.
Property Size1,624 SF
Price / SF$163.18
Days on Market146
Property Features for 803 Elm St
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Highway Access
Multifamily Units
Building Details
Year Built
Listing Agency:
Lone Star Realty - Lockhart
Listed By:
Michelle Harmon
(512) 376-6900
Source:
Olverabolton
Added: Jun 17
Changed: Oct 25
Last Checked: Oct 7 at 5:13PM
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 Lone Star Realty - Lockhart
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Investment Insights
Based on property information with market context.
This tri-plex property offers a duplex setup with two 1-bedroom, 1-bath units, along with a separate garage apartment providing an additional 1-bedroom, 1-bath residence. The layout creates distinct, independently rentable living spaces within one property. Three of the units have been recently remodeled with updated interiors designed to appeal to today’s renters.
The property is sited on an oversized corner lot, which provides added privacy and room for parking. It is located in an established neighborhood and is described as being close to I-10, supporting convenient access for commuters traveling to San Antonio, Austin, and other nearby cities.
For buyers seeking residential income, the configuration supports multiple-tenant occupancy with a mix of units: the two-unit portion and the separate garage apartment. For owner-occupants, the setup can allow living in one 1-bedroom, 1-bath unit while renting the remaining two. The combination of remodeled interiors in three units and the separate garage apartment makes this a practical option for managing a small, multi-unit portfolio.
The property is sited on an oversized corner lot, which provides added privacy and room for parking. It is located in an established neighborhood and is described as being close to I-10, supporting convenient access for commuters traveling to San Antonio, Austin, and other nearby cities.
For buyers seeking residential income, the configuration supports multiple-tenant occupancy with a mix of units: the two-unit portion and the separate garage apartment. For owner-occupants, the setup can allow living in one 1-bedroom, 1-bath unit while renting the remaining two. The combination of remodeled interiors in three units and the separate garage apartment makes this a practical option for managing a small, multi-unit portfolio.
Key Highlights
- Income‑producing tri‑plex built in 1980 in Seguin
- Duplex portion includes two 1‑bedroom, 1‑bath units
- Separate 1‑bedroom, 1‑bath garage apartment adds flexible living or rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,667
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,340
$333.3K
Cap Rate 7%
$238,100
$238.1K
Cap Rate 9%
$185,189
$185.2K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$26.3K $16.20/SF
− Vacancy
−$2.5K −$1.54/SF
EGI
$23.8K $14.66/SF
− OpEx
−$7.1K −$4.40/SF
NOI
$16.7K $10.26/SF
Area
Guadalupe 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%
$333,340
Cap Rate 7%
$238,100
Cap Rate 9%
$185,189
Alternative Uses
Best Use
Multifamily LT 5
$238.1K
$208.3K – $277.8K
NOI $16,667 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$206.7K
$180.9K – $241.2K
NOI $14,470 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 78155, TX
51,772
Population
21,791
Households
2.4
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
355.5 sq mi
ZIP Area
146
Density / Sq Mi
$71,367
Median Household Income
$38,985
Median Earnings
$1,149
Median Rent
$246,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Tri-plex includes two 1-bedroom units and a separate 1-bedroom garage apartment for flexible owner or tenant living.
Where is this triplex located?
The property is located at 803 Elm St Seguin, TX.
What is the asking price?
The asking price for this property is $264,999.
What are key features of this property?
This property features: Income‑producing tri‑plex built in 1980 in Seguin; Duplex portion includes two 1‑bedroom, 1‑bath units; Separate 1‑bedroom, 1‑bath garage apartment adds flexible living or rental income
