Renovated Duplex with Ample
For Sale
$349,900
109 Ray Street, Arlington, TX 76010
Completely renovated duplex with two 2-bedroom, 1-bath units, each with kitchen and living area plus parking.
Days on Market8
Property Features for 109 Ray Street
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,515 SF
Year Built
1978
Listing Agency:
Legacy Streets
(972) 989-4277
Listed By:
Samy Eskander · License #0730278
Source:
Nilesrealtygroup
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 31 at 11:31AM
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.
This completely renovated duplex offers two separate sides, with each unit featuring two bedrooms, one full bathroom, and a kitchen with living area. Both units have been newly renovated and are currently occupied. The property includes plenty of parking, with street parking available as well as extra parking in the back, and a newer roof. For utilities, there is one water meter for both sides, and the landlord splits the water bill between the two units.
The duplex is described as being within walking distance to UTA, restaurants, shopping, and nightlife.
The current setup is configured as two independent residential units in a well-maintained, renovated duplex structure.
The duplex is described as being within walking distance to UTA, restaurants, shopping, and nightlife.
The current setup is configured as two independent residential units in a well-maintained, renovated duplex structure.
Key Highlights
- 1978‑built duplex with two fully renovated 2‑bedroom, 1‑bath units
- Each unit includes a kitchen and living area
- Each side is currently renting for $1,595
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 | $42.4k | $27.96 |
| − Vacancy | −$4.3k | −$2.84 |
| EGI | $38.1k | $25.12 |
| − OpEx | −$11.4k | −$7.54 |
| NOI | $26.6k | $17.58 |
1,515 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.6K
$333.0K – $444.0K
NOI $26,639 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$329.1K
$288.0K – $384.0K
NOI $23,037 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$436.3K
$381.8K – $509.0K
NOI $30,542 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated duplex with two 2-bedroom, 1-bath units, each with kitchen and living area plus parking.
Where is this duplex located?
The property is located at 109 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: 1978‑built duplex with two fully renovated 2‑bedroom, 1‑bath units; Each unit includes a kitchen and living area; Each side is currently renting for $1,595
