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    Renovated Duplex Investment Title is generated by Realmo AI

    107 E 11th, Kemp, TX 75143

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    For Sale
    $189,000

    MULTI_FAMILY - Kemp, TX

    Lot size:
    0.17 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 107 E 11th

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Parking
    1
    Parking features
    Covered
    Accessibility
    Accessible Approach with Ramp
    Appliances
    ElectricOven
    Standard status
    Active
    APN
    29056
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    VinylSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Nir Sheinbein

    Listing agent Nir Sheinbein License #0795672

    Listing office Texas Ally Real Estate Group Austin, TX

    Listing date Jun 2, 2026

    MLS# 21259445 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

    • Renovated duplex with both units fully occupied
    • 2‑bed, 1‑bath on each side; Unit 1 rent $1,000/mo and Unit 2 rent $1,135/mo
    • Total gross income $25,620 annually; net income $21,630 annually; cap rate 10.87%
    • Public water and public sewer; roof is composition shingle
    • Heating: propane; cooling: window unit(s); laminate flooring; vinyl siding
    • Covered parking and accessible approach with ramp

    Overview

    This renovated duplex offers a clean, turnkey setup for investors. Both sides are configured as 2-bedroom, 1-bath units and include modern updates designed to support long-term tenant appeal. The property is fully occupied, with reliable rental income already in place from day one.

    Located at 107 E 11th in Kemp, Texas, the duplex is situated in Kaufman County. It is offered for sale with no HOA, allowing owners to maintain straightforward operating control while continuing to benefit from current in-place leasing.

    With both units occupied and producing rental revenue, this property is well-suited for buyers looking for immediate cash flow and a manageable addition to a rental portfolio. The two-unit layout can also be attractive to investors who want diversification within a single asset while keeping the ownership and oversight simple. If you’re evaluating for-sale multifamily opportunities in the Kemp area, this renovated, income-producing duplex is positioned as a practical, low-friction option.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Big Box & Wholesale Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kemp
    County
    Kaufman
    State
    Texas
    Longitude
    -96.230079
    Latitude
    32.441516

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    FAQs

    What type of property is this?
    Duplex - Fully occupied renovated duplex generating steady rental income with modern updates on both sides.
    Where is this duplex located?
    The property is located at 107 E 11th Kemp, TX.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Renovated duplex with both units fully occupied; 2‑bed, 1‑bath on each side; Unit 1 rent $1,000/mo and Unit 2 rent $1,135/mo; Total gross income $25,620 annually; net income $21,630 annually; cap rate 10.87%
    (512) 763-2559
    We can help!
    Listing Contact
    Nir Sheinbein
    Real Estate License ID: 0795672
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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.

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