Well-Leased Duplex with Open
627 Mcqueary Street Arlington, TX 76012
For Sale
$350,000
MULTI_FAMILY - Arlington, TX
Property Size1,800 SF
Lot Size0.18 Acres
Price / SF$194.44
Days on Market87
Property Features for 627 Mcqueary Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Parking
- 2
- Parking features
- On Street, Driveway
- Interior features
- DecorativeDesignerLightingFixtures, HighSpeedInternet, OpenFloorplan, CableTv
- Appliances
- Dishwasher, GasCooktop, GasOven, Refrigerator
- Standard status
- Active
- APN
- 00742732
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- DUPLEX NORTH ADDITION BLOCK 2 LOT 1
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing Agency:
Butler Property Company
(214) 641-9400
Listed By:
William Butler · License #0490445
(214) 641-9400
Added: Apr 29
Changed: Jul 17
Last Checked: Jul 24 at 12:06AM
MLS# 21146048
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 well-kept duplex features two separate living units, each offering an open layout, generous usable space, and convenient bathroom storage. Both units are configured as 2 bedrooms and 1 bathroom, with each unit measuring approximately 900 square feet. A front driveway provides parking, helping keep daily access straightforward for residents.
Located at 627 Mcqueary Street in Arlington, this property is described as being right by the University of Texas at Arlington, making it a compelling option for tenants who want proximity to campus. The current leasing setup provides additional clarity for investors, with Unit 629 leased through April 30, 2027 and Unit 627 leased through November 30, 2026.
From an investment standpoint, the duplex offers two long-term, income-producing units with defined lease expiration dates. The consistent 2-bedroom, 1-bath layout across both units can simplify operations and leasing. For an owner considering a hands-on approach, the existing leases provide near-term stability while still allowing planning around future turnover windows.
Located at 627 Mcqueary Street in Arlington, this property is described as being right by the University of Texas at Arlington, making it a compelling option for tenants who want proximity to campus. The current leasing setup provides additional clarity for investors, with Unit 629 leased through April 30, 2027 and Unit 627 leased through November 30, 2026.
From an investment standpoint, the duplex offers two long-term, income-producing units with defined lease expiration dates. The consistent 2-bedroom, 1-bath layout across both units can simplify operations and leasing. For an owner considering a hands-on approach, the existing leases provide near-term stability while still allowing planning around future turnover windows.
Key Highlights
- Duplex with two leased units; unit 629 is leased through Apr 30, 2027 for $1,200 and unit 627 through Nov 30, 2026 for $1,265
- Each unit offers 900 SF with 2 bedrooms and 1 bathroom, plus open floorplan layout
- Brick construction; composition roof and vinyl flooring throughout
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 | $27.4k | $15.24 |
| − Vacancy | −$2.2k | −$1.20 |
| EGI | $25.3k | $14.04 |
| − OpEx | −$7.6k | −$4.21 |
| NOI | $17.7k | $9.83 |
1,800 SF · lease $15.24/SF/yr · vacancy 7.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.7K
$221.1K – $294.8K
NOI $17,687 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$199.2K
$174.3K – $232.4K
NOI $13,944 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$530.7K
$464.4K – $619.2K
NOI $37,152 @ 7.0% cap · market cap 10.61%
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 - Two 2-bedroom units with front-drive parking, already leased through 2026 and 2027.
Where is this duplex located?
The property is located at 627 Mcqueary Street Arlington, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with two leased units; unit 629 is leased through Apr 30, 2027 for $1,200 and unit 627 through Nov 30, 2026 for $1,265; Each unit offers 900 SF with 2 bedrooms and 1 bathroom, plus open floorplan layout; Brick construction; composition roof and vinyl flooring throughout
