Four-Unit Duplex
New
For Sale
$455,000
11158 County Road 137, Flint, TX 75762
Two duplex buildings provide occupied two-bedroom residences with private porches, separate laundry rooms, and dedicated dining areas.
Property Size4,286 SF
Lot Size0.78 Acres
Price / SF$106.16
Days on Market7
Property Features for 11158 County Road 137
General Information
Standard status
Active
Size
4,286 SF
Net Rentable
4,284 SF
Lot size
0.78 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
covered front porch
laundry room
Building Details
Year Built
1993
Buildings
2
Listing Agency:
Platinum Realty Group Tyler LLC
Listed By:
Lacy Turner · License #0725509
(903) 253-5444
Source:
Easttxhomesforsale
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 14 at 2:20PM
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 Platinum Realty Group Tyler LLC
Investment Insights
Based on property information with market context.
This multifamily property includes two duplex buildings with four occupied units and approximately 4,284 square feet of combined rentable living space. Each residence offers 2 bedrooms, 1 bathroom, a dedicated dining area, separate laundry room, kitchen storage, spacious bedrooms, and a walk-in closet in the primary bedroom. Covered front porches serve each unit, while updated VPF flooring is installed in the main living areas and carpet remains in the bedrooms.
The property occupies approximately 0.78 of an acre and includes a concrete driveway with ample parking. The front duplex is serviced by natural gas, while the rear duplex uses electric service. All four residences share one conventional septic system. Built in 1993, the property is located in Flint with access to shopping, dining, medical facilities, schools, and major thoroughfares in South Tyler.
The property occupies approximately 0.78 of an acre and includes a concrete driveway with ample parking. The front duplex is serviced by natural gas, while the rear duplex uses electric service. All four residences share one conventional septic system. Built in 1993, the property is located in Flint with access to shopping, dining, medical facilities, schools, and major thoroughfares in South Tyler.
Key Highlights
- Four occupied units across two duplex buildings
- Approximately 4,284 square feet of combined rentable living space
- Each unit includes 2 bedrooms and 1 bathroom
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
$37,040
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
8.14%
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%
$740,800
$740.8K
Cap Rate 7%
$529,143
$529.1K
Cap Rate 9%
$411,556
$411.6K
Market Conditions
NOI Build-Up for 4,286 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
$57.9K $13.50/SF
− Vacancy
−$4.9K −$1.15/SF
EGI
$52.9K $12.35/SF
− OpEx
−$15.9K −$3.70/SF
NOI
$37.0K $8.64/SF
Area
Smith County, TX
Vacancy
8.55%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
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%
$740,800
Cap Rate 7%
$529,143
Cap Rate 9%
$411,556
Alternative Uses
Best Use
Multifamily LT 5
$529.1K
$463.0K – $617.3K
NOI $37,040 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$459.7K
$402.2K – $536.3K
NOI $32,177 @ 7.0% cap · market cap 7.07%
Theoretical Best
Hotel Hospitality
$3.23M
$2.82M – $3.77M
NOI $225,979 @ 7.0% cap · market cap 49.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 75762, TX
13,923
Population
6,052
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
97%
High-School Grad
44.7 sq mi
ZIP Area
311
Density / Sq Mi
$91,429
Median Household Income
$47,587
Median Earnings
$1,201
Median Rent
$283,100
Median Home Value
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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?
Multifamily property - Two duplex buildings provide occupied two-bedroom residences with private porches, separate laundry rooms, and dedicated dining areas.
Where is this multifamily property located?
The property is located at 11158 County Road 137 Flint, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Four occupied units across two duplex buildings; Approximately 4,284 square feet of combined rentable living space; Each unit includes 2 bedrooms and 1 bathroom
