8-Unit Apartment
For Sale
$919,000
111 East Rogers Street, Arlington, TX 76011
Eight two-bedroom units offer a mix of long-term leasing and short-term rental possibilities.
Property Size5,120 SF
Price / SF$179.49
Days on Market139
Property Features for 111 East Rogers Street
General Information
Standard status
Active
Size
5,120 SF
Total Parking Spaces
17
Property subtype
Multi-Family / Apartment/5Plex+
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Amenities
Window Unit(s)
Other
Carpet, Laminate
Dishwasher, Dryer, Electric Oven, Microwave, Washer
Cable TV Available, High Speed Internet Available
No
Two
2
Pillar/Post/Pier
Assessor
8
Brick
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Perpetual Realty Group LLC
(682) 888-5393
Listed By:
Justin Brown · License #0549418
(682) 888-5393
Source:
Compass
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 1:16PM
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 Perpetual Realty Group LLC
Investment Insights
Based on property information with market context.
This 8-unit apartment property at 111 East Rogers Street includes eight units, each arranged with 2 bedrooms and 1 bath across approximately 640 square feet. The 5,120-square-foot asset was built in 1977 and features brick construction, window unit cooling, a mix of carpet and laminate flooring, and appliances including dishwashers, electric ovens, microwaves, washers, and dryers.
Six units are leased, including 4 long-term tenants, while two units have been fully renovated and are using the short-term rental option. The property is within Arlington’s designated short-term rental zone and is near AT&T Stadium and Globe Life Field. Available units provide additional flexibility for conventional leasing, furnished rentals, or short-term rental use.
Six units are leased, including 4 long-term tenants, while two units have been fully renovated and are using the short-term rental option. The property is within Arlington’s designated short-term rental zone and is near AT&T Stadium and Globe Life Field. Available units provide additional flexibility for conventional leasing, furnished rentals, or short-term rental use.
Key Highlights
- 8 units with 2 bedrooms and 1 bath per unit
- 5,120 square feet across the apartment property
- Approximately 640 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,280
$793.3K
Cap Rate 7%
$566,629
$566.6K
Cap Rate 9%
$440,711
$440.7K
Market Conditions
NOI Build-Up for 5,120 SF
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.
Gross rent
$78.6K $15.36/SF
− Vacancy
−$6.5K −$1.27/SF
EGI
$72.1K $14.09/SF
− OpEx
−$32.5K −$6.34/SF
NOI
$39.7K $7.75/SF
Area
Arlington, TX
Vacancy
8.30%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,280
Cap Rate 7%
$566,629
Cap Rate 9%
$440,711
Alternative Uses
Best Use
Apartment 5plus
$566.6K
$495.8K – $661.1K
NOI $39,664 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,677 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Explore this area
Business Placement
Demographics for 76011, TX
23,158
Population
11,991
Households
1.9
Avg Household Size
32
Median Age
27%
College-Educated
83%
High-School Grad
8.1 sq mi
ZIP Area
2,859
Density / Sq Mi
$51,910
Median Household Income
$36,580
Median Earnings
$1,266
Median Rent
$218,400
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?
Apartment building - Eight two-bedroom units offer a mix of long-term leasing and short-term rental possibilities.
Where is this apartment building located?
The property is located at 111 East Rogers Street Arlington, TX.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: 8 units with 2 bedrooms and 1 bath per unit; 5,120 square feet across the apartment property; Approximately 640 square feet per unit
