Six-Unit Triplex
For Sale
$799,000
1217 Kimbrough St, White Settlement, TX 76108
Two adjacent residential buildings support a blend of long-term and short-term rental operations.
Property Size2,550 SF
Price / SF$313.33
Days on Market54
Property Features for 1217 Kimbrough St
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Multi-Family
Units
Multifamily Units
6
Parking per Unit
2
Amenities
dedicated storage closet
fully fenced shared backyard
Building Details
Year Built
1985
Buildings
2
Listing Agency:
Panther City Real Estate
Listed By:
Lauren Taylor · License #0804517
(817) 874-8308
Source:
Easttxhomesforsale
Added: Aug 3
Changed: Sep 18
Last Checked: Sep 24 at 10:33AM
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 Panther City Real Estate
Investment Insights
Based on property information with market context.
Located at 1217 and 1219 Kimbrough Street in White Settlement, this residential income property includes two side-by-side triplexes totaling six units. Built in 1985, the portfolio combines four units leased on a long-term basis with two units operated as short-term rentals. The short-term rental units are furnished, while each residence includes a dedicated storage closet and two assigned parking spaces.
The buildings share a fully fenced backyard and use a shared water meter setup for each building. Each unit has a separate legal description, providing a defined ownership structure for the individual residences. The two properties are being offered together as one portfolio.
The buildings share a fully fenced backyard and use a shared water meter setup for each building. Each unit has a separate legal description, providing a defined ownership structure for the individual residences. The two properties are being offered together as one portfolio.
Key Highlights
- Two side‑by‑side triplexes at 1217 and 1219 Kimbrough Street
- Six residential units with four long‑term leases and two short‑term rentals
- Two short‑term rental units are fully furnished
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
$44,838
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
5.61%
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%
$896,760
$896.8K
Cap Rate 7%
$640,543
$640.5K
Cap Rate 9%
$498,200
$498.2K
Market Conditions
NOI Build-Up for 2,550 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
$71.3K $27.96/SF
− Vacancy
−$7.2K −$2.84/SF
EGI
$64.1K $25.12/SF
− OpEx
−$19.2K −$7.54/SF
NOI
$44.8K $17.58/SF
Area
ZIP 76108
Vacancy
10.16%
Lease Rate
$27.96 /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%
$896,760
Cap Rate 7%
$640,543
Cap Rate 9%
$498,200
Alternative Uses
Best Use
Multifamily LT 5
$640.5K
$560.5K – $747.3K
NOI $44,838 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$553.9K
$484.7K – $646.3K
NOI $38,775 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$673.2K
$589.1K – $785.4K
NOI $47,124 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
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?
Triplex - Two adjacent residential buildings support a blend of long-term and short-term rental operations.
Where is this triplex located?
The property is located at 1217 Kimbrough St White Settlement, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two side‑by‑side triplexes at 1217 and 1219 Kimbrough Street; Six residential units with four long‑term leases and two short‑term rentals; Two short‑term rental units are fully furnished
