Residential Income Triplex
For Sale
Contact for pricing
11373 W County Road 152, Bullard, TX 75757
Newly built unit with an open layout, private driveway, and enclosed outdoor space.
Property Size985 SF
Price / SF$1.52
Days on Market50
Property Features for 11373 W County Road 152
General Information
Standard status
Active
Size
985 SF
Property subtype
Multi-Family
Amenities
stainless steel appliances
washer/dryer hookups
private driveway
fully fenced backyard
energy-efficient & well insulated
open-concept floor plan
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
Coldwell Banker Apex, Realtors
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 7:03AM
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 Coldwell Banker Apex, Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a 985-square-foot unit within a modern triplex at 11373 W County Road 152 in Bullard, Texas. Completed in 2024, the two-bedroom, two-bath residence features an open-concept arrangement, stainless steel appliances, washer and dryer hookups, and an insulated design intended to support energy-efficient operation. The living area receives ample natural light, while a private driveway is positioned directly in front of the unit.
Outdoor features include a fully fenced backyard. Water service, lawn care, and trash collection are included, while electricity and cable service are the tenant’s responsibility. The unit is available immediately and requires an application. Additional lease terms include a $1,000 deposit, a $150 non-refundable pet deposit per animal, and pet rent of $15 per animal per month, subject to size and weight limits.
Outdoor features include a fully fenced backyard. Water service, lawn care, and trash collection are included, while electricity and cable service are the tenant’s responsibility. The unit is available immediately and requires an application. Additional lease terms include a $1,000 deposit, a $150 non-refundable pet deposit per animal, and pet rent of $15 per animal per month, subject to size and weight limits.
Key Highlights
- 985 SF unit in a triplex completed in 2024
- Two bedrooms and two bathrooms
- Open‑concept layout with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,395
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,900
$147.9K
Cap Rate 7%
$105,643
$105.6K
Cap Rate 9%
$82,167
$82.2K
Market Conditions
NOI Build-Up for 985 SF
Gross rent
$14.8K $15.00/SF
− Vacancy
−$1.3K −$1.35/SF
EGI
$13.4K $13.65/SF
− OpEx
−$6.1K −$6.14/SF
NOI
$7.4K $7.51/SF
Area
Smith County, TX
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,900
Cap Rate 7%
$105,643
Cap Rate 9%
$82,167
Alternative Uses
Best Use
Apartment 5plus
$105.6K
$92.4K – $123.3K
NOI $7,395 @ 7.0% cap · market cap 494.65%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$741.9K
$649.2K – $865.6K
NOI $51,934 @ 7.0% cap · market cap 3,473.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 75757, TX
13,330
Population
5,826
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
86.1 sq mi
ZIP Area
155
Density / Sq Mi
$89,382
Median Household Income
$47,480
Median Earnings
$1,151
Median Rent
$277,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Newly built unit with an open layout, private driveway, and enclosed outdoor space.
Where is this residential income property located?
The property is located at 11373 W County Road 152 Bullard, TX.
What are key features of this property?
This property features: 985 SF unit in a triplex completed in 2024; Two bedrooms and two bathrooms; Open‑concept layout with stainless steel appliances
