Duplex with Private
For Sale
$539,000
1334 Piedmont Drive, Mansfield, TX 76063
Both residences are occupied, with lease terms extending into 2027.
Property Size2,444 SF
Days on Market8
Property Features for 1334 Piedmont Drive
General Information
Standard status
Active
Size
2,444 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,270
Building Details
Building Size
2,444 SF
Year Built
2008
Listing Agency:
Auben DFW, LLC
Listed By:
Klaudia Zmurko · License #0833789
(214) 307-4364
Source:
Nilesrealtygroup
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 13 at 3:49AM
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.
Built in 2008, this duplex contains two residences, each with three bedrooms, two bathrooms, and a two-car garage. Both units are tenant-occupied: the lease for 1332 runs through 08-31-2027, and the lease for 1334 runs through 09-30-2027. Each home has an open living and dining area, a kitchen with a breakfast bar and appliances, and a primary suite with a walk-in closet and private bathroom. Private backyards have no direct rear neighbors.
The HOA covers exterior components, including the roof, brick, and siding. The property may be purchased as one or both units. A fishing pond with a fountain and a children's playground are nearby.
The HOA covers exterior components, including the roof, brick, and siding. The property may be purchased as one or both units. A fishing pond with a fountain and a children's playground are nearby.
Key Highlights
- Two‑unit duplex built in 2008
- Each residence has 3 bedrooms, 2 bathrooms, and a 2‑car garage
- Unit 1332 leased through 08‑31‑2027; Unit 1334 leased through 09‑30‑2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,411
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Current Use
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
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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?
Duplex - Both residences are occupied, with lease terms extending into 2027.
Where is this duplex located?
The property is located at 1334 Piedmont Drive 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: Two‑unit duplex built in 2008; Each residence has 3 bedrooms, 2 bathrooms, and a 2‑car garage; Unit 1332 leased through 08‑31‑2027; Unit 1334 leased through 09‑30‑2027
