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

    1802-1804 Iris Cir Temple, TX 76502

    Sponsored
    For Sale
    $320,000

    MULTI_FAMILY - Other - Temple, TX

    Property size:
    2,296 SF
    Lot size:
    0.28 Acres
    Days on Market:
    51
    Last Refresh:
    Jan 25 at 11:06 am

    Property Features for 1802-1804 Iris Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4
    Bedrooms
    5
    APN
    12503
    Parking features
    Open, Garage
    Interior features
    CeilingFans, TubShower, Vanity, BreakfastBar
    Appliances
    Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, MultipleWaterHeaters, Refrigerator, SomeElectricAppliances, Range
    Size
    2,296 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1979
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Masonry
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Andrea C. Curtis

    United Country Premier Propert (254) 432-4509

    Listing agent Andrea C. Curtis (254) 432-4509 License #0376227

    Listing date Dec 6, 2025

    MLS# 592741

    Copyright © 2026 Central Texas Multiple Listing Service. 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

    Turn-Key Duplex in Temple, TX

    This meticulously maintained duplex, constructed in 1979, is situated on a 0.28-acre corner lot within a quiet cul-de-sac. The multifamily property features two leased units, each offering updated interiors with modern finishes and central heat and air. Each unit includes in-unit laundry hookups, an attached 1-car garage, and access to a privacy-fenced backyard. Outdoor storage is available, and the generous lot size allows for potential landscaping upgrades. The property is currently leased to long-term tenants, ensuring immediate cash flow. Located in a peaceful residential circle, this duplex is conveniently close to HEB grocery, Temple Mall, restaurants, and everyday shopping. It is also near Baylor Scott & White Medical Center, VA Hospital, and major employers. The units feature either three bedrooms and two full bathrooms, or two bedrooms and one bathroom. This property is suitable for a 1031 exchange or portfolio expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Temple
    County
    Bell
    State
    Texas
    Longitude
    -97.371948
    Latitude
    31.070398

    Nearby Similar for Sale

    • $350,000
      2,632 SF

      Spacious Duplex in Temple, TX

      Well-maintained duplex with 3-bedroom units, fenced yards, and garages.
      4415 Brutus Ln, Temple, TX 76502
      View Details
    • $239,000
      1,898 SF

      Income-Producing Duplex Near Downtown Temple

      Charming duplex near downtown, hospital, college, and I-35.
      1310 S 21St St, Temple, TX 76504
      View Details
    • $239,000
      0.16 Acres

      Income-Producing Duplex Near Downtown Temple

      Charming duplex near downtown, hospital, college, and I-35.
      1310 S 21St St, Temple, TX 76504
      View Details
    • $550,000
      36.00 Acres

      Scenic Ranch Property in Temple

      36-acre ranch in Bell County with recreational and homesite potential.
      4480 Cen Tex Loop, Temple, TX 76501
      View Details
    • $260,000
      3,498 SF

      Versatile Commercial Property in Temple, TX

      Commercial property with warehouse functionality and retail visibility in Temple.
      605 S Martin Luther King Blvd, Temple, TX 76504
      View Details
    • $375,000
      2,710 SF

      New Duplex in Temple, TX

      New construction duplex with modern finishes, ideal for investors.
      905 S Martin Luther King Jr Dr, Temple, TX 76504
      View Details
    • $305,000
      1,252 SF

      Temple Duplex: Investment Opportunity

      Well-maintained duplex near Temple College, ideal for rental income.
      2701 Valley Forge Ave, Temple, TX 76504
      View Details
    • $225,000
      3,600 SF

      Versatile Commercial Space in Temple

      Prime commercial property with retail storefront and warehouse space.
      14 N 10Th St, Temple, TX 76501
      View Details
    • New
      $350,000
      1,765 SF

      Remodeled Mixed-Use Property in Temple

      Remodeled mixed-use property on a corner lot in high-traffic area.
      319 S 31St St, Temple, TX 76504
      View Details
    • $320,000
      2,362 SF

      Remodeled Duplex in Temple, Texas

      Remodeled duplex with income potential near downtown Temple.
      518 N 8Th St, Temple, TX 76501
      View Details
    • New
      $245,750
      1,869 SF

      Updated Duplex Near Baylor Scott

      Updated duplex near Baylor Scott and White, ideal for investors.
      2918 Antelope Trl, Temple, TX 76504
      View Details
    • $275,000
      1,581 SF

      Freestanding Office Building in Temple

      Freestanding office building with private garden in Temple, Texas.
      601 Pendleton St, Temple, TX 76504
      View Details

    FAQs

    What type of property is this?
    Duplex - Meticulously maintained duplex with stable rental income in Temple, TX.
    Where is this duplex located?
    The property is located at 1802-1804 Iris Cir Temple, TX.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Turn-key duplex with immediate positive cash flow from two currently leased units with long-term tenants.; - Prime location in Temple, TX, close to HEB, Temple Mall, restaurants, Baylor Scott & White Medical Center, and the VA Hospital.; - Spacious units with updated interiors, modern finishes, central heat & air, and in-unit laundry hookups.
    (254) 466-7083
    Request Owner's contact information
    1802-1804 Iris Cir Temple, TX 76502
    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.
    1802-1804 Iris Cir
    Temple, TX 76502
    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
    1802-1804 Iris Cir Temple, TX 76502
    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
    Andrea C. Curtis
    Real Estate License ID: 0376227
    (254) 466-7083
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.