627 Mcqueary Street, Arlington, TX 76012
MULTI_FAMILY - Arlington, TX
- Added:
- Apr 29, 2026
- Days on Market:
- 41
- Last Refresh:
- Jun 8 at 9:06 pm
Property Features for 627 Mcqueary Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4
- Parking
- 2
- Parking features
- Driveway, On Street
- 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 agent William Butler License #0490445 (214) 641-9400
Listing office Butler Property Company Richardson, TX (214) 641-9400
Listing date Apr 29, 2026
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 built in 1980 with central air and electric heating
- Each unit offers 900 SF with 2 bedrooms and 1 bathroom
- Current leases: Unit 629 leased through Apr 30, 2027 for $1,200; Unit 627 leased through Nov 30, 2026 for $1,265
- Public utilities: public water and public sewer
- Brick construction with composition roof
- Open floorplan with decorative designer lighting; includes dishwasher, gas cooktop, gas oven, and refrigerator
Overview
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.
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 | $27.4k | $15.24 |
| − Vacancy | −$2.2k | −$1.20 |
| EGI | $25.3k | $14.04 |
| − OpEx | −$7.6k | −$4.21 |
| NOI | $17.7k | $9.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.135398
- Latitude
- 32.741611
