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    4027-4029 Clovis St Midlothian, TX 76065

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    Sponsored
    For Sale
    $699,000

    Duplex - Midlothian, TX

    Type:Duplex
    Property size:
    3,306 SF
    Lot size:
    1.00 Acre
    Days on Market:
    1
    Last Refresh:
    Mar 9 at 10:06 pm

    Property Features for 4027-4029 Clovis St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    APN
    000000
    Parking
    2
    Parking features
    Driveway, Garage
    Patio and Porch features
    Patio, Porch
    Interior features
    Double Vanity, Granite Counters, Kitchen Island, Pantry, Walk-in Closet(s)
    Exterior features
    Covered Patio/Porch, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Washer
    Size
    3,306 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    1068
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Electric

    Building Details

    Year built
    2026
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick, Stone, Stone Veneer
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Douglas

    MARSHALL REDDICK REAL ESTATE (210) 339-2932

    Listing agent Eric Douglas (949) 885-8180 License #0826890

    Listing date Mar 8, 2026

    MLS# 21195946 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

    Luxury Duplex in Booming DFW

    This luxury duplex, located in the Edgewood Estates community of Midlothian, Texas, is a new construction property designed for long-term performance. Situated on spacious acre lots, the property benefits from low property taxes. Each of the two single-story units provides approximately 1,653 square feet of open-concept living space, featuring 3 bedrooms plus a flex room, 2 full baths, and an attached 2-car garage. The flex room can serve as a fourth bedroom, office, or media space. Covered patios and private fenced backyards enhance the appeal of indoor-outdoor living. The property is zoned to Waxahachie ISD. Located at the corner of 875 and Edgewood Rd, it is approximately 30 minutes from both Downtown Dallas and Fort Worth, and 8–10 minutes from Methodist Midlothian Medical Center, Baylor Scott & White Waxahachie, plus major retail and dining destinations. Easy access to major employment hubs strengthens rental demand. The property is fully leased and cash-flowing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9884
    Latitude
    32.4665

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    FAQs

    What type of property is this?
    Duplex - New construction duplex in Midlothian, fully leased and cash-flowing.
    Where is this duplex located?
    The property is located at 4027-4029 Clovis St Midlothian, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Fully leased duplex providing immediate cash flow and a turnkey investment.; - New construction, Class-A property designed for long-term performance.; - Located in the rapidly growing DFW market with easy access to Dallas and Fort Worth.
    (830) 822-8222
    Request Owner's contact information
    4027-4029 Clovis St Midlothian, TX 76065
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    Midlothian, TX 76065
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    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
    4027-4029 Clovis St Midlothian, TX 76065
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    We can help!
    Listing Contact
    Eric Douglas
    Real Estate License ID: 0826890
    (830) 822-8222 (949) 885-8180
    Learn more
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