Fully Leased Duplex
For Sale
$285,000
913 W Hackberry Ave, Alamo, TX 78516
Duplex offered for sale with both units leased and separate utility setups, supporting established rental income.
Property Size1,656 SF
Price / SF$172.10
Days on Market110
Property Features for 913 W Hackberry Ave
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,390
Listing Agency:
Sovereign Real Estate and Investments LLC
(956) 648-2918
Listed By:
Cesar Felix
(956) 648-2918
Source:
Exprealty
Added: May 11
Changed: Aug 25
Last Checked: Aug 28 at 1:19PM
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 Sovereign Real Estate and Investments LLC
Investment Insights
Based on property information with market context.
This for-sale duplex is 100% occupied, with both units currently leased to generate immediate rental income. The property includes separate utility setups and functional floor plans designed to support day-to-day operations.
Based on the available information, the duplex is located conveniently near schools, shopping, dining, and major roadways, helping support consistent rental demand.
As a stabilized, income-producing multifamily asset, the property is presented as turnkey and professionally maintained, requiring minimal upfront work for a new owner.
Based on the available information, the duplex is located conveniently near schools, shopping, dining, and major roadways, helping support consistent rental demand.
As a stabilized, income-producing multifamily asset, the property is presented as turnkey and professionally maintained, requiring minimal upfront work for a new owner.
Key Highlights
- Newly built duplex (Year Built: 2023)
- 100% occupied—both units are currently leased
- Separate utility setups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,482
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,640
$289.6K
Cap Rate 7%
$206,886
$206.9K
Cap Rate 9%
$160,911
$160.9K
Market Conditions
NOI Build-Up for 1,656 SF
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.
Gross rent
$23.3K $14.04/SF
− Vacancy
−$2.6K −$1.55/SF
EGI
$20.7K $12.49/SF
− OpEx
−$6.2K −$3.75/SF
NOI
$14.5K $8.74/SF
Area
Hidalgo County, TX
Vacancy
11.02%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,640
Cap Rate 7%
$206,886
Cap Rate 9%
$160,911
Alternative Uses
Best Use
Multifamily LT 5
$206.9K
$181.0K – $241.4K
NOI $14,482 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$190.5K
$166.7K – $222.2K
NOI $13,333 @ 7.0% cap · market cap 4.68%
Theoretical Best
Hotel Hospitality
$1.25M
$1.09M – $1.46M
NOI $87,313 @ 7.0% cap · market cap 30.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 78516, TX
34,506
Population
12,469
Households
2.8
Avg Household Size
32
Median Age
12%
College-Educated
59%
High-School Grad
37.8 sq mi
ZIP Area
913
Density / Sq Mi
$51,547
Median Household Income
$26,908
Median Earnings
$743
Median Rent
$102,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offered for sale with both units leased and separate utility setups, supporting established rental income.
Where is this duplex located?
The property is located at 913 W Hackberry Ave Alamo, TX.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Newly built duplex (Year Built: 2023); 100% occupied—both units are currently leased; Separate utility setups for each unit
