Duplex with Separate Guest
811/ 813 S Commerce St, Lockhart, TX 78644
For Sale
$649,000
A tenant-occupied second residence has its own kitchen, driveway, and private backyard.
Property Size2,513 SF
Days on Market48
Property Features for 811/ 813 S Commerce St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
stone fireplace
covered deck
storage shed
gated side yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
TS Realty
Listed By:
Elizabeth Schmidtberger · License TX #0690215
(210) 269-9940
Source:
Elliman
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 12 at 9:27AM
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 TS Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 811 S. Commerce St, the property pairs a three-bedroom, 2.5-bath main residence with a distinct two-bedroom, one-bath guest home. The main house has an open living and dining area, a stone fireplace, an updated kitchen, and a covered front porch. Its upstairs bedroom has a private full bath. A covered rear deck, shaded yard, storage shed, and gated side parking area round out the exterior features.
The guest residence at 813 S. Commerce St includes a kitchen, separate driveway, and private backyard. It is currently tenant-occupied. The property is a few blocks from downtown Lockhart shops and restaurants.
The guest residence at 813 S. Commerce St includes a kitchen, separate driveway, and private backyard. It is currently tenant-occupied. The property is a few blocks from downtown Lockhart shops and restaurants.
Key Highlights
- Two separate residences: a 3‑bedroom, 2.5‑bath main home and a 2‑bedroom, 1‑bath guest home
- Guest home has its own kitchen, driveway, and private backyard; currently tenant‑occupied
- Main residence features an open living and dining area with a stone fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,139
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,780
$842.8K
Cap Rate 7%
$601,986
$602.0K
Cap Rate 9%
$468,211
$468.2K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$63.3K $25.20/SF
− Vacancy
−$3.1K −$1.24/SF
EGI
$60.2K $23.96/SF
− OpEx
−$18.1K −$7.19/SF
NOI
$42.1K $16.77/SF
Area
Caldwell County, TX
Vacancy
4.94%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,780
Cap Rate 7%
$601,986
Cap Rate 9%
$468,211
Alternative Uses
Best Use
Multifamily LT 5
$602.0K
$526.7K – $702.3K
NOI $42,139 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,522 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$984.8K
$861.7K – $1.15M
NOI $68,933 @ 7.0% cap · market cap 10.62%
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
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 78644, TX
20,813
Population
7,660
Households
2.7
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
179.9 sq mi
ZIP Area
116
Density / Sq Mi
$72,155
Median Household Income
$40,085
Median Earnings
$1,162
Median Rent
$242,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A tenant-occupied second residence has its own kitchen, driveway, and private backyard.
Where is this duplex located?
The property is located at 811/ 813 S Commerce St Lockhart, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two separate residences: a 3‑bedroom, 2.5‑bath main home and a 2‑bedroom, 1‑bath guest home; Guest home has its own kitchen, driveway, and private backyard; currently tenant‑occupied; Main residence features an open living and dining area with a stone fireplace
