Two-Unit Duplex with Hardwood
For Sale
$419,000
919 W Prairie Lea St, Lockhart, TX 78644
One residence is leased month to month, while the second is vacant; both have private laundry rooms.
Property Size2,004 SF
Price / SF$209.08
Days on Market14
Property Features for 919 W Prairie Lea St
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,458
Amenities
hardwood floors
updated kitchen and bath
laundry room
big backyard
Building Details
Buildings
1
Listing Agency:
Blairfield Realty LLC
Listed By:
Donna Blair · License #0548730
(512) 968-9080
Source:
Exprealty
Added: Sep 24
Changed: Sep 30
Last Checked: Oct 5 at 10:19PM
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 Blairfield Realty LLC
Investment Insights
Based on property information with market context.
At 919 W Prairie Lea St in Lockhart, this duplex contains two one-bedroom, one-bath residences. Each side has hardwood flooring, an updated kitchen and bathroom, and its own laundry room. One residence is occupied by a long-term tenant on a month-to-month lease; the other is vacant. The property also includes a backyard.
Key Highlights
- Two residences, each with 1 bedroom and 1 bath
- Both units feature hardwood floors and updated kitchens and bathrooms
- Private laundry room in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,604
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,080
$672.1K
Cap Rate 7%
$480,057
$480.1K
Cap Rate 9%
$373,378
$373.4K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$50.5K $25.20/SF
− Vacancy
−$2.5K −$1.24/SF
EGI
$48.0K $23.96/SF
− OpEx
−$14.4K −$7.19/SF
NOI
$33.6K $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%
$672,080
Cap Rate 7%
$480,057
Cap Rate 9%
$373,378
Alternative Uses
Best Use
Multifamily LT 5
$480.1K
$420.1K – $560.1K
NOI $33,604 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$438.9K
$384.0K – $512.0K
NOI $30,720 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$837.7K
$733.0K – $977.4K
NOI $58,641 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
546
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased month to month, while the second is vacant; both have private laundry rooms.
Where is this duplex located?
The property is located at 919 W Prairie Lea St Lockhart, TX.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Two residences, each with 1 bedroom and 1 bath; Both units feature hardwood floors and updated kitchens and bathrooms; Private laundry room in each residence
