Renovated Two-Unit
For Sale
$539,000
109 Wilshire Dr, Euless, TX 76040
Renovated two-unit property with leased residences and updated interior finishes.
Property Size2,784 SF
Price / SF$193.61
Days on Market49
Property Features for 109 Wilshire Dr
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1979
Buildings
1
Tenancy
Multi
Listing Agency:
Legacy Streets
Listed By:
Samy Eskander · License #0730278
(972) 989-4277
Source:
Christenberrygroup
Added: Aug 20
Changed: Sep 20
Last Checked: Oct 6 at 12:19AM
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 full duplex contains two separate residences, each offering 2 bedrooms and 2 full bathrooms. Both units have vaulted ceilings, oversized primary bedrooms, fresh paint, new flooring, granite countertops in the kitchens and bathrooms, and updated appliances and fixtures. The property was built in 1979 and includes the addresses 109 and 111 Wilshire Drive.
Both sides are currently leased. The property is located in Euless, with access to DFW Airport, highways, schools, and shopping described as minutes away.
Both sides are currently leased. The property is located in Euless, with access to DFW Airport, highways, schools, and shopping described as minutes away.
Key Highlights
- Two‑unit duplex with both residences leased
- Each unit includes 2 bedrooms and 2 full bathrooms
- Vaulted ceilings and oversized primary bedrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,972
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,440
$419.4K
Cap Rate 7%
$299,600
$299.6K
Cap Rate 9%
$233,022
$233.0K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$33.7K $12.12/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$30.0K $10.76/SF
− OpEx
−$9.0K −$3.23/SF
NOI
$21.0K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,440
Cap Rate 7%
$299,600
Cap Rate 9%
$233,022
Alternative Uses
Best Use
Multifamily LT 5
$299.6K
$262.2K – $349.5K
NOI $20,972 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$260.5K
$227.9K – $303.9K
NOI $18,232 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$979.3K
$856.9K – $1.14M
NOI $68,553 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 76040, TX
31,899
Population
12,912
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
4,090
Density / Sq Mi
$69,683
Median Household Income
$41,493
Median Earnings
$1,245
Median Rent
$281,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit property with leased residences and updated interior finishes.
Where is this duplex located?
The property is located at 109 Wilshire Dr Euless, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences leased; Each unit includes 2 bedrooms and 2 full bathrooms; Vaulted ceilings and oversized primary bedrooms in both units
