Tenant-Occupied Duplex with
For Sale
$539,000
1334 Piedmont Dr, Mansfield, TX 76063
Two residential units offer three-bedroom layouts, private yards, and HOA-covered exterior components.
Property Size2,444 SF
Price / SF$220.54
Days on Market94
Property Features for 1334 Piedmont Dr
General Information
Standard status
Active
Size
2,444 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$43,200
Taxes and HOA fees
Annual Taxes
$5,270
Building Details
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
Auben DFW, LLC
(469) 757-4499
Listed By:
Klaudia Zmurko · License #0833789
(469) 757-4499
Source:
Exprealty
Added: May 6
Changed: Aug 5
Last Checked: Aug 7 at 11:06AM
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 Auben DFW, LLC
Investment Insights
Based on property information with market context.
This 2,444-square-foot duplex contains two tenant-occupied residences, each arranged with three bedrooms, two bathrooms, and a two-car garage. Both units feature open living and dining areas, kitchens with ceramic tile floors, breakfast bars, electric ranges, built-in microwaves, and dishwashers. Primary suites include walk-in closets and private bathrooms, while the additional bedrooms provide large closets. Each side also has a private backyard without direct rear neighbors.
The property is located in the Woodland Estates subdivision at 1334 Piedmont Dr in Mansfield, Texas. Residents are a few doors from a fishing pond with a fountain and a children’s playground. The HOA covers exterior components including the roof, brick, and siding. Unit 1332 is leased through 08-31-2026, and Unit 1334 is leased through 09-30-2026. The units may be purchased individually or together, as stated in the property information.
The property is located in the Woodland Estates subdivision at 1334 Piedmont Dr in Mansfield, Texas. Residents are a few doors from a fishing pond with a fountain and a children’s playground. The HOA covers exterior components including the roof, brick, and siding. Unit 1332 is leased through 08-31-2026, and Unit 1334 is leased through 09-30-2026. The units may be purchased individually or together, as stated in the property information.
Key Highlights
- 2,444‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units
- Each residence includes a 2‑car garage and private backyard
- Both units are currently tenant‑occupied
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
$18,411
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
3.42%
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%
$368,220
$368.2K
Cap Rate 7%
$263,014
$263.0K
Cap Rate 9%
$204,567
$204.6K
Market Conditions
NOI Build-Up for 2,444 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
$29.6K $12.12/SF
− Vacancy
−$3.3K −$1.36/SF
EGI
$26.3K $10.76/SF
− OpEx
−$7.9K −$3.23/SF
NOI
$18.4K $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 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%
$368,220
Cap Rate 7%
$263,014
Cap Rate 9%
$204,567
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.1K – $306.9K
NOI $18,411 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$228.6K
$200.1K – $266.8K
NOI $16,005 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$859.7K
$752.3K – $1.00M
NOI $60,181 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
123
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
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 - Two residential units offer three-bedroom layouts, private yards, and HOA-covered exterior components.
Where is this duplex located?
The property is located at 1334 Piedmont Dr Mansfield, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 2,444‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units; Each residence includes a 2‑car garage and private backyard; Both units are currently tenant‑occupied
