Two-Story Duplex with Fenced
For Sale
$300,000
2905-2907 Green Hills Dr, Kilgore, TX 75662
Vacant duplex with updated finishes, two-bedroom units, and fenced backyards.
Property Size2,952 SF
Price / SF$101.63
Days on Market50
Property Features for 2905-2907 Green Hills Dr
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
fenced backyard
Building Details
Year Built
1972
Buildings
1
Stories
2
Listing Agency:
The Property Shoppe - Exp Realty, LLC
(903) 574-2888
Listed By:
Dwell Realty
(903) 574-2888
Source:
Dwell
Added: Jul 11
Changed: Aug 29
Last Checked: Aug 29 at 2:23PM
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 The Property Shoppe - Exp Realty, LLC
Investment Insights
Based on property information with market context.
This 2,952-square-foot duplex contains two two-story units, each configured with 2 bedrooms and 2 full bathrooms. The property was built in 1972 and has received updates including flooring, paint, and fixtures. A new roof was installed in 2022, and both units are currently vacant.
Located at 2905-2907 Green Hills Dr in Kilgore, the property is within Kilgore ISD. Each unit includes a fenced backyard, providing dedicated outdoor space for occupants. The duplex also has a history of consistent occupancy, offering documented rental performance for buyers evaluating a residential income property.
Located at 2905-2907 Green Hills Dr in Kilgore, the property is within Kilgore ISD. Each unit includes a fenced backyard, providing dedicated outdoor space for occupants. The duplex also has a history of consistent occupancy, offering documented rental performance for buyers evaluating a residential income property.
Key Highlights
- 2,952 SF duplex with two two‑story units
- Each unit offers 2 bedrooms and 2 full bathrooms
- New roof installed in 2022
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
$23,988
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
8.00%
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%
$479,760
$479.8K
Cap Rate 7%
$342,686
$342.7K
Cap Rate 9%
$266,533
$266.5K
Market Conditions
NOI Build-Up for 2,952 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
$36.5K $12.36/SF
− Vacancy
−$2.2K −$0.75/SF
EGI
$34.3K $11.61/SF
− OpEx
−$10.3K −$3.48/SF
NOI
$24.0K $8.13/SF
Area
Gregg County, TX
Vacancy
6.08%
Lease Rate
$12.36 /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%
$479,760
Cap Rate 7%
$342,686
Cap Rate 9%
$266,533
Alternative Uses
Best Use
Multifamily LT 5
$342.7K
$299.9K – $399.8K
NOI $23,988 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$315.2K
$275.8K – $367.8K
NOI $22,066 @ 7.0% cap · market cap 7.36%
Theoretical Best
Hotel Hospitality
$2.22M
$1.95M – $2.59M
NOI $155,644 @ 7.0% cap · market cap 51.88%
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
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 75662, TX
25,002
Population
9,474
Households
2.6
Avg Household Size
37
Median Age
18%
College-Educated
83%
High-School Grad
126.8 sq mi
ZIP Area
197
Density / Sq Mi
$65,926
Median Household Income
$37,027
Median Earnings
$1,051
Median Rent
$165,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with updated finishes, two-bedroom units, and fenced backyards.
Where is this duplex located?
The property is located at 2905-2907 Green Hills Dr Kilgore, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,952 SF duplex with two two‑story units; Each unit offers 2 bedrooms and 2 full bathrooms; New roof installed in 2022
