Renovated
New
For Sale
$349,900
107 Ray Street, Arlington, TX 76010
Two-unit property with kitchens, living areas, parking, and proximity to UTA, restaurants, shopping, and nightlife.
Days on Market3
Property Features for 107 Ray Street
General Information
Standard status
Active
Property subtype
Duplex
Occupancy
100%
Building Details
Building Size
1,568 SF
Year Built
1980
Tenancy
Multi
Listing Agency:
Legacy Streets
(972) 989-4277
Listed By:
Samy Eskander · License #0730278
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 8:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Streets
Investment Insights
Based on property information with market context.
Built in 1980, this completely renovated duplex includes two separate units, each with 2 bedrooms, 1 full bathroom, a kitchen, and a living area. The property has a newer roof, is well maintained, and includes parking in the rear along with available street parking. Both units are currently occupied. A single water meter serves the duplex, with the water bill split between the two units.
The property is within walking distance of UTA, restaurants, shopping, and nightlife in Arlington. Its location provides convenient access to nearby daily amenities and the university campus.
The property is within walking distance of UTA, restaurants, shopping, and nightlife in Arlington. Its location provides convenient access to nearby daily amenities and the university campus.
Key Highlights
- Completely renovated duplex with 2 units
- Each unit includes 2 bedrooms, 1 full bathroom, kitchen, and living area
- Built in 1980 with a newer roof
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 | $43.8k | $27.96 |
| − Vacancy | −$4.5k | −$2.84 |
| EGI | $39.4k | $25.12 |
| − OpEx | −$11.8k | −$7.54 |
| NOI | $27.6k | $17.58 |
1,568 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.9K
$344.6K – $459.5K
NOI $27,571 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$340.6K
$298.0K – $397.4K
NOI $23,843 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$451.6K
$395.1K – $526.9K
NOI $31,611 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
Demographics for 76010, TX
55,894
Population
20,508
Households
2.7
Avg Household Size
29
Median Age
13%
College-Educated
65%
High-School Grad
8.8 sq mi
ZIP Area
6,352
Density / Sq Mi
$43,811
Median Household Income
$31,236
Median Earnings
$1,223
Median Rent
$199,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with kitchens, living areas, parking, and proximity to UTA, restaurants, shopping, and nightlife.
Where is this duplex located?
The property is located at 107 Ray Street Arlington, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Completely renovated duplex with 2 units; Each unit includes 2 bedrooms, 1 full bathroom, kitchen, and living area; Built in 1980 with a newer roof
