New Construction Duplex Income
406 E Bonham Street Tom Bean, TX 75491
406 E Bonham Street, Tom Bean, TX, 75491
$490,000
For Sale
$490,000
MULTI_FAMILY - Tom Bean, TX
Property Size3,310 SF
Lot Size0.15 Acres
Price / SF$148.04
Days on Market10
Property Features for 406 E Bonham Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 6, Bedroom 5, Bedroom 4
- Parking
- 4
- Parking features
- Open
- Interior features
- DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, HighSpeedInternet
- Exterior features
- RainGutters
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave
- Standard status
- Active
- APN
- 443291
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- KENNINGTON ADDN PHASE II REPLAT LT 1 & 2, LOT
- Tax Annual Amount
- 5604
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- FiberCement
- Roof type
- Composition
Listing agency
DFW Elite
(214) 642-6969
Listed by
Sheri Kent · License #0496604
(214) 642-6969
Added: Jul 12 Updated: Jul 17 at 1:46PM Checked: Jul 21 at 7:06PM
MLS# 21328817
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.
New construction duplex income property with two separate units, each offering an open kitchen layout with custom tile backsplash and granite countertops. Units include abundant natural light, large indoor storage, a walk-in laundry room with custom cabinets, and bedrooms located upstairs with walk-in closets. Each unit has two full bathrooms with custom tile showers, plus an additional half bath downstairs. Both units also feature large privacy-fenced backyards and a front concrete driveway with parking divided for each unit.
The property is located in a quiet neighborhood in Tom Bean, in Grayson County. It is within walking distance to a community playground park and the elementary school.
The duplex is fully tenant-occupied, and both units are secured with executed tenant leases that must be honored upon sale. Appointments to show must be made in advance with each tenant’s approval.
The property is located in a quiet neighborhood in Tom Bean, in Grayson County. It is within walking distance to a community playground park and the elementary school.
The duplex is fully tenant-occupied, and both units are secured with executed tenant leases that must be honored upon sale. Appointments to show must be made in advance with each tenant’s approval.
Key Highlights
- New construction duplex in Tom Bean, fully tenant occupied with executed tenant leases in place
- Each unit offers 1,655 SF with an open kitchen plus granite counters and a custom tile backsplash
- Bedrooms are upstairs with walk‑in closets; each unit includes two full baths with custom tile showers
Local 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 | $40.9k | $12.36 |
| − Vacancy | −$4.7k | −$1.41 |
| EGI | $36.2k | $10.95 |
| − OpEx | −$10.9k | −$3.29 |
| NOI | $25.4k | $7.67 |
3,310 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$321.3K
$281.2K – $374.9K
NOI $22,493 @ 7.0% cap · market cap 4.59%
Theoretical Best
Hotel Hospitality
$1.70M
$1.49M – $1.98M
NOI $118,862 @ 7.0% cap · market cap 24.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully tenant-occupied duplex with two units, each featuring a walk-in laundry room and privacy-fenced backyard.
Where is this duplex located?
The property is located at 406 E Bonham Street Tom Bean, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: New construction duplex in Tom Bean, fully tenant occupied with executed tenant leases in place; Each unit offers 1,655 SF with an open kitchen plus granite counters and a custom tile backsplash; Bedrooms are upstairs with walk‑in closets; each unit includes two full baths with custom tile showers
