Tenant-Occupied
For Sale
$539,000
1334 Piedmont Drive, Mansfield, TX 76063
ResidentialIncome, Mansfield, TX
Property Size2,444 SF
Lot Size0.10 Acres
Price / SF$220.54
Days on Market69
Property Features for 1334 Piedmont Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1
Parking
4
Parking features
Driveway, Garage
Interior features
EatInKitchen, OpenFloorplan, Pantry, WalkInClosets
Fencing
Fenced
Appliances
Dishwasher, ElectricRange, Disposal, Microwave
Subdivision
Woodland Estates
Elementary school
Nancy Neal
Middle school
Linda Jobe
High school
Mansfield
Elementary school district
Mansfield ISD
Middle school district
Mansfield ISD
High school district
Mansfield ISD
Directions
Please follow your GPS
Standard status
Active
APN
41140729
Size
2,444 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
WOODLAND ESTATES BLOCK 2 LOT 32B
Tax Annual Amount
5270
HOA Fee
$615 Quarterly
Legal Description
WOODLAND ESTATES BLOCK 2 LOT 32B
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile, Carpet
Building materials
Brick, Rock, Stone, WoodSiding
Roof type
Shingle
Listing Agency:
Auben DFW, LLC
(469) 757-4499
Listed By:
Klaudia Zmurko · License #0833789
(214) 935-1014
Added: Jul 17
Changed: Sep 13
Last Checked: Sep 23 at 3:06AM
MLS# 21251445
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,444-square-foot duplex contains two separately leased residences, each with three bedrooms, two bathrooms, and a two-car garage. Both units feature open living and dining areas, eat-in kitchens with breakfast bars, pantries, ceramic tile, electric ranges, built-in microwaves, dishwashers, and disposals. Primary suites include walk-in closets and private bathrooms, while secondary bedrooms provide large closets. Each residence also has a fenced private backyard.
The property was built in 2008 and sits on a 0.096-acre lot in Mansfield, Texas. Public water and sewer serve the property, with central electric heating and cooling. Both units are tenant-occupied: the residence at 1332 Piedmont Drive is leased through 08-31-2027, and the residence at 1334 Piedmont Drive is leased through 09-30-2027.
The HOA provides exterior coverage for the roof, brick, and siding. A fishing pond with a fountain and a children’s playground are located a few doors away.
The property was built in 2008 and sits on a 0.096-acre lot in Mansfield, Texas. Public water and sewer serve the property, with central electric heating and cooling. Both units are tenant-occupied: the residence at 1332 Piedmont Drive is leased through 08-31-2027, and the residence at 1334 Piedmont Drive is leased through 09-30-2027.
The HOA provides exterior coverage for the roof, brick, and siding. A fishing pond with a fountain and a children’s playground are located a few doors away.
Key Highlights
- 2,444‑square‑foot duplex on a 0.096‑acre lot in Mansfield, TX
- Each unit includes 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 = 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
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two residential units offer open layouts, private backyards, garages, and tenant occupancy.
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: 2,444‑square‑foot duplex on a 0.096‑acre lot in Mansfield, TX; Each unit includes 3 bedrooms, 2 bathrooms, and a 2‑car garage; Unit 1332 leased through 08‑31‑2027; Unit 1334 leased through 09‑30‑2027
