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

    129/131 NE 22Nd St Grand Prairie, TX 75050

    Sponsored
    For Sale
    $280,000

    Duplex - Grand Prairie, TX

    Type:Duplex
    Lot size:
    0.22 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 6 at 10:06 pm

    Property Features for 129/131 NE 22Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    2
    APN
    28129500020080000
    Parking
    4
    Parking features
    Driveway
    Interior features
    Cable Tv Available, Granite Counters
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    Range
    Lot size
    0.22 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1953
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Rod Hanks

    DTX Realty, LLC (214) 446-4432

    Listing agent Rod Hanks (214) 769-5091 License #0558062

    Listing date Jan 21, 2026

    MLS# 21150717 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

    Grand Prairie Duplex: Investor Opportunity

    This updated duplex, constructed in 1953, presents an investment opportunity. It features one unit with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Both units are equipped with central HVAC, updated electrical panels, and updated plumbing that includes PEX water lines and PVC sewer. The property is separately metered for water and electricity, with tenants responsible for all utility payments. The foundation work was completed in 2025, and the roof is approximately 6 years old. The current rental income is $2800 per month. The tenancy provides flexibility, with one unit on a month-to-month lease and the other leased through October 2026. Situated in a convenient Grand Prairie location, the property benefits from strong rental demand, making it suitable as a buy-and-hold investment. The lot size is 0.2234 acres. Agent Owned Buyer to verify schools and measurements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -96.975032
    Latitude
    32.750565

    Nearby Similar for Sale

    • $1,000,000
      11,120 SF

      Grand Prairie Retail Opportunity

      Two adjacent properties suitable for offices, retail, or mixed-use.
      301 SE 14Th St, Grand Prairie, TX 75051
      View Details
    • $429,000
      0.23 Acres

      Retail Opportunity in Grand Prairie

      2,750 SF retail space in accessible Grand Prairie location.
      630 Dalworth St, Grand Prairie, TX 75050
      View Details
    • New
      $290,000
      0.11 Acres

      Remodeled Duplex Near Stadiums

      Completely remodeled duplex near dining, shopping, and entertainment venues.
      205 NE 22Nd St, Grand Prairie, TX 75050
      View Details
    • $1,799,000
      0.41 Acres

      Grand Prairie Retail/Restaurant Opportunity

      Restaurant/Bar/Night Club opportunity near Arlington stadiums. Remodeled with ample parking.
      2601 W Jefferson St, Grand Prairie, TX 75051
      View Details
    • $290,000
      0.18 Acres

      Grand Prairie Duplex Investment Opportunity

      Income-producing duplex in Grand Prairie, ideal for investors or owner-occupants.
      502 NE 19Th St, Grand Prairie, TX 75050
      View Details
    • $420,000
      0.27 Acres

      Grand Prairie Office Building For Sale

      Single-tenant office building suitable for medical or general office use.
      135 14Th St, Grand Prairie, TX 75050
      View Details
    • $500,000
      0.51 Acres

      Grand Prairie Childcare Center Opportunity

      4,250 SF childcare center in a progressive DFW location.
      622 Freetown Rd, Grand Prairie, TX 75051
      View Details
    • $985,000
      0.55 Acres

      Grand Prairie Office Building For Sale

      Well-located, cash-flowing office building in the heart of Grand Prairie.
      726 Dalworth St, Grand Prairie, TX 75050
      View Details
    • New
      $1,200,000
      1,375 SF

      Grand Prairie Townhomes on Large Lot

      Value-add multifamily opportunity near major employers and Interstate 30.
      2401 Doreen St, Grand Prairie, TX 75050
      View Details
    • $325,000
      1,916 SF

      Grand Prairie Income-Producing Property

      Income-producing property with tenants in place in Grand Prairie, TX.
      1509 California Trl Trl, Grand Prairie, TX 75052
      View Details
    • New
      $250,000
      4,383 SF

      Grand Prairie Corner Office Property

      High-visibility corner office property with additional studio space in Grand Prairie.
      625 W Dickey Rd, Grand Prairie, TX 75051
      View Details
    • $1,600,000
      1.23 Acres

      Grand Prairie Warehouse Redevelopment Opportunity

      Redevelopment opportunity with access on E. Main Street and N Bagdad.
      2336 E Main St, Grand Prairie, TX 75050
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated duplex in Grand Prairie, TX, ideal for investors.
    Where is this duplex located?
    The property is located at 129/131 NE 22Nd St Grand Prairie, TX.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Strong cash flow opportunity with $2800/month rental income.; - Major systems updated: HVAC, electrical panels, PEX plumbing, PVC sewer, and recent foundation work (2025).; - Separately metered for water and electric, with tenants paying all utilities.
    (214) 769-5091
    Request Owner's contact information
    129/131 NE 22Nd St Grand Prairie, TX 75050
    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.
    129/131 NE 22Nd St
    Grand Prairie, TX 75050
    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
    129/131 NE 22Nd St Grand Prairie, TX 75050
    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
    Rod Hanks
    Real Estate License ID: 0558062
    (214) 769-5091
    Learn more
    Google sign-in failed. Please try again or use another login method.