Residential Income Duplex with
New
For Sale
$615,000
302 N Jackson Avenue, Wylie, TX 75098
SINGLE_FAMILY - Wylie, TX
Property Size2,735 SF
Lot Size0.19 Acres
Price / SF$224.86
Days on Market2
Property Features for 302 N Jackson Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning description
Residential and Commercial
Parking features
Alley, On Street, Carport
Subdivision
Brown & Burns
Directions
SH 78 North, left on S. Birmingham St., right on W. Marble St., left on N. Jackson.
Standard status
Active
APN
R115600302801
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
BROWN & BURNS (CWY), BLK 3, LOT 28
Tax Annual Amount
4621
Legal Description
BROWN & BURNS (CWY), BLK 3, LOT 28
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile, Engineered
Building materials
Brick
Roof type
Composition
Listing Agency:
PTG Properties
(972) 272-6600
Listed By:
Linda Latham
(972) 272-6600
Added: Jul 29
Last Checked: Jul 30 at 1:06PM
MLS# 21337260
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.
Investment Insights
Based on property information with market context.
This residential income property includes a main house and a smaller cottage in the back. The main house is approximately 2,235 square feet, and the cottage is approximately 500 square feet, creating two distinct living areas within the same offering.
Located at 302 N Jackson Avenue in Wylie, the property is described as being in Wylie’s downtown historical district. The lot size is listed at 0.187 acres.
For buyers and investors seeking a compact setup with separate dwellings, this configuration provides an on-site option for generating income from both the primary residence and the rear cottage.
Located at 302 N Jackson Avenue in Wylie, the property is described as being in Wylie’s downtown historical district. The lot size is listed at 0.187 acres.
For buyers and investors seeking a compact setup with separate dwellings, this configuration provides an on-site option for generating income from both the primary residence and the rear cottage.
Key Highlights
- Main house offers approximately 2,235 sq. ft., plus a back cottage with approximately 500 sq. ft.
- Brick construction with tile and engineered flooring.
- Central heating and electric cooling.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $27.96 |
| − Vacancy | −$7.8k | −$2.84 |
| EGI | $68.7k | $25.12 |
| − OpEx | −$20.6k | −$7.54 |
| NOI | $48.1k | $17.58 |
2,735 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$687.0K
$601.1K – $801.5K
NOI $48,091 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$594.1K
$519.9K – $693.1K
NOI $41,588 @ 7.0% cap · market cap 6.76%
Theoretical Best
Industrial
$2.72M
$2.38M – $3.17M
NOI $190,236 @ 7.0% cap · market cap 30.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Main house plus a back cottage offers rental flexibility in Wylie’s downtown historical district.
Where is this duplex located?
The property is located at 302 N Jackson Avenue Wylie, TX.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Main house offers approximately 2,235 sq. ft., plus a back cottage with approximately 500 sq. ft.; Brick construction with tile and engineered flooring.; Central heating and electric cooling.
