Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1006-1008 W Sierra Vista Ct Midlothian, TX 76065

    Sponsored
    For Sale
    Under Contract
    $540,000

    Duplex - Midlothian, TX

    Type:Duplex
    Lot size:
    0.18 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 20 at 5:06 pm

    Property Features for 1006-1008 W Sierra Vista Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    APN
    266392
    Parking
    2
    Parking features
    Driveway, Garage
    Interior features
    Decorative Lighting, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-in Closet(s)
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Electric, Microwave
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Expense value
    600
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    2018
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Erion Shehaj

    Signature Real Estate (713) 952-3200

    Listing agent Erion Shehaj (713) 952-3200 License #0516948

    Listing date Feb 9, 2026

    MLS# 21166790 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex in Skyview Neighborhood

    This Class A duplex presents a premier investment opportunity in Midlothian's desirable Skyview neighborhood. The property is located approximately 30 minutes from both Dallas and Fort Worth. This fully stabilized duplex features two units, each offering a spacious 3-bedroom, 2.5-bath layout, a 2-car garage, and a private, fenced backyard with a covered patio. Interior finishes include granite kitchen countertops with tiled backsplash, recessed and pendant lighting over the breakfast bar, wood-look plank tile flooring, upgraded carpet, and a walk-in master shower. Both units are currently leased to long-term tenants at $1,995 per month. The property benefits from a low 2.03% tax rate and minimal $600 per year HOA dues. The property is situated near major economic drivers such as the Google Data Centers project and two hospitals. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -97.004001
    Latitude
    32.472745

    Nearby Similar for Sale

    • $699,000
      1.01 Acres

      New Duplex in Midlothian, TX

      New construction duplex on an acre lot, fully leased.
      4420-4422 Clovis Ct, Midlothian, TX 76065
      View Details
    • $699,000
      1.01 Acres

      New Construction Duplex on Acre Lot

      New construction duplex in Midlothian, TX, with positive cashflow potential.
      4016-4018 Clovis St, Midlothian, TX 76065
      View Details
    • $707,000
      1.01 Acres

      New Duplex in Midlothian, TX

      New construction duplex with acre lots in a growing market.
      4421-4423 Clovis Ct, Midlothian, TX 76065
      View Details
    • $699,000
      1.01 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Midlothian, TX, estimated completion December 2025.
      7024-7026 Guilford Ct, Midlothian, TX 76065
      View Details
    • $699,000
      1.01 Acres

      New Construction Duplex on Acre Lot

      New construction duplex in Midlothian, TX with positive cashflow.
      7064-7066 Guilford Ct, Midlothian, TX 76065
      View Details
    • $699,000
      1.01 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Midlothian, TX, estimated completion December 2025.
      7050-7052 Guilford Ct, Midlothian, TX 76065
      View Details
    • $975,000
      1.01 Acres

      New Construction Triplex in Midlothian

      New construction luxury triplex with 3 units, estimated completion March 2026.
      4014-4016-4018 Lecroy Ct, Midlothian, TX 76065
      View Details
    • $975,000
      1.01 Acres

      New Construction Triplex in Midlothian

      Luxury triplex with 3 units, scheduled for completion in March 2026.
      4024-4026-4028 Lecroy Ct, Midlothian, TX 76065
      View Details
    • $975,000
      5,513 SF

      New Construction Triplex in Midlothian

      Luxury triplex with 3 units, completion date October 9, 2025.
      4402-4404-4406 Clovis Ct, Midlothian, TX 76065
      View Details
    • $975,000
      1.01 Acres

      New Construction Triplex in Midlothian

      New construction luxury triplex with 5.25% financing, completion March 2026.
      4042-4044-4046 Lecroy Ct, Midlothian, TX 76065
      View Details
    • $975,000
      1.01 Acres

      New Construction Triplex Investment Opportunity

      New construction luxury triplex in Midlothian, TX, estimated completion March 2026.
      4009-4011-4013 Lecroy Ct, Midlothian, TX 76065
      View Details
    • $975,000
      5,513 SF

      New Construction Triplex in Midlothian

      Luxury triplex with three units, garages, and fenced yards.
      4405-4407-4409 Clovis Ct, Midlothian, TX 76065
      View Details

    FAQs

    What type of property is this?
    Duplex - Class A duplex in Midlothian, near Dallas and Fort Worth.
    Where is this duplex located?
    The property is located at 1006-1008 W Sierra Vista Ct Midlothian, TX.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: - Turnkey Class A duplex in the desirable Skyview neighborhood of Midlothian.; - Fully leased to long-term tenants at $1,995 per month per unit, providing immediate income.; - High-end finishes including granite countertops and wood-look plank tile flooring.
    (713) 952-3200
    Request Owner's contact information
    1006-1008 W Sierra Vista Ct Midlothian, TX 76065
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006-1008 W Sierra Vista Ct
    Midlothian, TX 76065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1006-1008 W Sierra Vista Ct Midlothian, TX 76065
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Erion Shehaj
    Real Estate License ID: 0516948
    (713) 952-3200 (713) 922-2702
    Learn more
    Google sign-in failed. Please try again or use another login method.