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    101 Lockhart St Manor, TX 78653

    For Sale
    $499,995

    High-yield triplex near Tesla & Samsung.

    Property size:
    2,307 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional investment opportunity: This Manor, Texas triplex boasts three units on a 0.132-acre lot, totaling 2,307 square feet. The property features a strong rental history with a potential monthly income of $5,800. Unit A offers 3 bedrooms and 2 bathrooms, while Unit B (currently under renovation, to be completed before closing or with a $20,000 repair credit) includes 4 bedrooms and 3 bathrooms. Unit C provides an RV hookup. The land value is $225.36 per square foot. This property is ideally situated in booming downtown Manor, close to major employers like Tesla's Giga factory and Samsung's chip plant, ensuring a robust rental market. Owner financing is available. The seller may consider selling this property together with the adjacent property at 203 S Lockhart St (MLS# 5529581). This is a rare chance to acquire a high-cash-flow investment in a rapidly growing area. Utilities are ready for hookup at Unit C. The address is 101 S Lockhart St, Manor, TX 78653.

    Property Features for 101 Lockhart St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,307 SF
    Lot Size
    5,750 SF

    Building Details

    Stories
    1
    Units
    3

    HighLights

    • $499,995 asking price.
    • Triplex property with three units.
    • 2,307 square feet.
    • Situated on a 0.132‑acre lot.
    • Land value: $225.36 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Manor
    County
    Travis
    State
    Texas
    Longitude
    -97.5540276
    Latitude
    30.3394306

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    FAQs

    What type of property is this?
    Multifamily property - High-yield triplex near Tesla & Samsung.
    Where is this multifamily property located?
    The property is located at 101 Lockhart St Manor, TX.
    What is the asking price?
    The asking price for this property is $499,995.
    What are key features of this property?
    This property features: $499,995 asking price.; Triplex property with three units.; 2,307 square feet.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Lockhart St Manor, TX 78653
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