Two-Unit Duplex Income
518 Guerin Drive, Arlington, TX 76012
New
MULTI_FAMILY - Arlington, TX
Property size:
2,028 SFLot size:
0.08 AcresPrice / SF:
$147/SF- Added:
- Jun 17, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 19 at 7:06 am
Property Features for 518 Guerin Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking
- 2
- Parking features
- Garage, Driveway
- Patio and Porch features
- Porch, Patio
- Interior features
- OpenFloorplan, VaultedCeilings, WalkInClosets
- Exterior features
- PrivateYard
- Fencing
- Fenced
- Fireplace
- 1
- Appliances
- Dishwasher, ElectricCooktop, ElectricOven, ElectricWaterHeater
- Standard status
- Active Under Contract
- APN
- 04339665
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- GUERIN SQUARE BLOCK 2 LOT 5B
- Tax Annual Amount
- 2186
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Tile, Carpet
- Building materials
- Brick
- Roof type
- Shingle, Composition
Listing agent Tyson Chambers (817) 865-6400
Listing office Randy White Real Estate Svcs Southlake, TX (817) 865-6400
Listing date Jun 17, 2026
MLS# 21299052
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.
HighLights
- Duplex/rowhouse built in 1982 offering 2,028 SF total living space across two units (1,014 SF each)
- Each unit has 2 bedrooms and 1 full bathroom with open floorplan and vaulted ceilings
- Brick wood‑burning fireplace in the vaulted living area plus dining and a galley kitchen layout
- Private outdoor space with patio, private yard, and rear parking; fenced lot
- Central heating and central air with ceiling fans; electric water heater
- Public utilities: public water and public sewer; composition shingle roof and slab foundation
Overview
This 1982-built, one-story duplex-rowhouse is configured as two separate units. The property includes two units with 4 bedrooms and 2 full bathrooms total, with each unit offering 2 bedrooms and 1 full bath. Interiors feature an open, vaulted living room with a brick, wood-burning fireplace, a dining area, and a galley kitchen layout. Each unit also includes on-site utility space, a spacious primary bedroom with generous closet space, and a rear outdoor patio with a private yard and rear parking. The building sits on a slab foundation and has a composition shingle roof, supported by central heating and cooling for comfortable year-round use.
Located at 518-520 Guerin Drive in Arlington, Texas, the property provides convenient access to major roadways including Hwy 820, I-30, and I-20. The listing notes easy reach to Arlington’s entertainment district as well as shopping and dining options.
Designed for flexible ownership, this duplex can suit investors seeking an income-producing residential property or owner-occupants looking to occupy one unit while maintaining a second unit for additional revenue. Prospective buyers should plan visits without disturbing tenants, as requested in the remarks.
Located at 518-520 Guerin Drive in Arlington, Texas, the property provides convenient access to major roadways including Hwy 820, I-30, and I-20. The listing notes easy reach to Arlington’s entertainment district as well as shopping and dining options.
Designed for flexible ownership, this duplex can suit investors seeking an income-producing residential property or owner-occupants looking to occupy one unit while maintaining a second unit for additional revenue. Prospective buyers should plan visits without disturbing tenants, as requested in the remarks.
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 | $30.9k | $15.24 |
| − Vacancy | −$2.4k | −$1.20 |
| EGI | $28.5k | $14.04 |
| − OpEx | −$8.5k | −$4.21 |
| NOI | $19.9k | $9.83 |
2,028 SF · lease $15.24/SF/yr · vacancy 7.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.7K
$249.1K – $332.1K
NOI $19,928 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$224.4K
$196.4K – $261.9K
NOI $15,711 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$598.0K
$523.2K – $697.6K
NOI $41,858 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.153746
- Latitude
- 32.738869
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - 1982-built duplex with two 2-bedroom, 1-bath units, each featuring a private patio, rear parking, and central HVAC.
Where is this duplex located?
The property is located at 518 Guerin Drive Arlington, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex/rowhouse built in 1982 offering 2,028 SF total living space across two units (1,014 SF each); Each unit has 2 bedrooms and 1 full bathroom with open floorplan and vaulted ceilings; Brick wood‑burning fireplace in the vaulted living area plus dining and a galley kitchen layout
