Tenant-Occupied
For Sale
$550,000
320 Queens Ct N, Mansfield, TX 76063
Multi-unit residential property with existing occupancy in Mansfield ISD.
Property Size3,252 SF
Price / SF$169.13
Days on Market56
Property Features for 320 Queens Ct N
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Newport Realty
Listed By:
Kelsey Tally
(817) 460-3900
Source:
Allcitiesusa
Added: Aug 15
Changed: Oct 5
Last Checked: Oct 7 at 1:18PM
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 Newport Realty
Investment Insights
Based on property information with market context.
This quadplex was built in 1985 and is currently tenant occupied, providing an existing residential income configuration. The property is located at 320 Queens Court N in Mansfield, Texas, within Mansfield ISD.
Showings are scheduled after a formal offer has been submitted and accepted.
Showings are scheduled after a formal offer has been submitted and accepted.
Key Highlights
- Quadplex built in 1985
- Currently tenant occupied
- Located within Mansfield ISD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,497
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,940
$489.9K
Cap Rate 7%
$349,957
$350.0K
Cap Rate 9%
$272,189
$272.2K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$39.4K $12.12/SF
− Vacancy
−$4.4K −$1.36/SF
EGI
$35.0K $10.76/SF
− OpEx
−$10.5K −$3.23/SF
NOI
$24.5K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,940
Cap Rate 7%
$349,957
Cap Rate 9%
$272,189
Alternative Uses
Best Use
Multifamily LT 5
$350.0K
$306.2K – $408.3K
NOI $24,497 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,077 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 76063, TX
76,914
Population
28,105
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
50.0 sq mi
ZIP Area
1,538
Density / Sq Mi
$113,177
Median Household Income
$56,480
Median Earnings
$1,762
Median Rent
$378,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Multi-unit residential property with existing occupancy in Mansfield ISD.
Where is this quadplex located?
The property is located at 320 Queens Ct N Mansfield, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Quadplex built in 1985; Currently tenant occupied; Located within Mansfield ISD
