Brick Duplex with Covered
For Sale
$390,000
1241 Village Garden, Azle, TX 76020
Four-bedroom, two-bath residential property with central air, an eat-in kitchen, walk-in closets, and high-speed internet availability.
Property Size1,246 SF
Price / SF$313
Days on Market371
Property Features for 1241 Village Garden
General Information
Standard status
Active
Size
1,246 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Amenities
Central Air
Electric
Carpet, Concrete
Dishwasher, Electric Range
Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Walk-In Closet(s), Second Primary Bedroom
No
Concrete
Two
Back Yard, Wood
Covered Patio/Porch
2
Slab
Assessor
Brick
Building Details
Year Built
2006
Buildings
1
Listing Agency:
KINGDOM Real Estate
Listed By:
Marlene Bone · License #0492378
(817) 528-0822
Source:
Compass
Added: Aug 28, 2025
Changed: Aug 31
Last Checked: Aug 29 at 11:11PM
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 KINGDOM Real Estate
Investment Insights
Based on property information with market context.
Built in 2006, this brick duplex provides four bedrooms and two bathrooms across its residential configuration. Interior features include central air, electric service, carpet and concrete flooring, an eat-in kitchen, dishwasher, electric range, decorative lighting, walk-in closets, and a second primary bedroom. High-speed internet is also available.
The property includes a backyard, wood elements, concrete exterior features, a slab foundation, and a covered patio or porch. The offering is identified at 1241 Village Garden in Azle, Texas, 76020. The source information also indicates flexibility to sell both sides or one side of the duplex.
The property includes a backyard, wood elements, concrete exterior features, a slab foundation, and a covered patio or porch. The offering is identified at 1241 Village Garden in Azle, Texas, 76020. The source information also indicates flexibility to sell both sides or one side of the duplex.
Key Highlights
- Four‑bedroom, two‑bath duplex built in 2006
- Brick construction with slab foundation
- Central air, dishwasher, and electric range
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
$21,909
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
5.62%
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%
$438,180
$438.2K
Cap Rate 7%
$312,986
$313.0K
Cap Rate 9%
$243,433
$243.4K
Market Conditions
NOI Build-Up for 1,246 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
$34.8K $27.96/SF
− Vacancy
−$3.5K −$2.84/SF
EGI
$31.3K $25.12/SF
− OpEx
−$9.4K −$7.54/SF
NOI
$21.9K $17.58/SF
Area
Parker County, TX
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%
$438,180
Cap Rate 7%
$312,986
Cap Rate 9%
$243,433
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$270.7K
$236.8K – $315.8K
NOI $18,947 @ 7.0% cap · market cap 4.86%
Theoretical Best
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,667 @ 7.0% cap · market cap 22.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 76020, TX
33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four-bedroom, two-bath residential property with central air, an eat-in kitchen, walk-in closets, and high-speed internet availability.
Where is this duplex located?
The property is located at 1241 Village Garden Azle, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four‑bedroom, two‑bath duplex built in 2006; Brick construction with slab foundation; Central air, dishwasher, and electric range
