Renovated Duplex with Two
1409 Blackwell Drive Irving, TX 75061
1409 Blackwell Drive, Irving, TX, 75061
$449,000
For Sale
$449,000
Renovated duplex with two 2-bedroom, 1.5-bath units, both currently tenant-occupied.
Property Size2,070 SF
Price / SF$216.91
Days on Market57
Property Features for 1409 Blackwell Drive
General Information
- Standard status
- Active
- Size
- 2,070 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1979
Listing agency
OnDemand Realty
(972) 802-0295
Listed by
Stephanie Bonilla · License #0761144
(972) 802-0295
Source
Compass
Added: May 26 Updated: Jul 21 at 8:04AM Checked: Jul 21 at 8:04AM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
This renovated duplex offers two separate units, each with 2 bedrooms and 1.5 bathrooms. Unit 1411 was renovated in October 2024, and Unit 1409 was renovated in July 2022 with new flooring installed in the bedrooms. The property is currently tenant-occupied on both sides.
Located in the Irving Heights area of Irving, Texas, the duplex is described as having no HOA.
Both units are leased on a month-to-month basis, supporting an income-producing setup for an owner-investor. This move-in-ready configuration is well suited to buyers seeking a duplex with active occupancy.
Located in the Irving Heights area of Irving, Texas, the duplex is described as having no HOA.
Both units are leased on a month-to-month basis, supporting an income-producing setup for an owner-investor. This move-in-ready configuration is well suited to buyers seeking a duplex with active occupancy.
Key Highlights
- Renovated duplex with 2 units, built in 1979, brick exterior and slab foundation
- Each unit offers 2 bedrooms and 1.5 bathrooms
- Unit 1409 leased at $1,700/month (month to month) and tenant‑occupied
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $27.96 |
| − Vacancy | −$5.9k | −$2.84 |
| EGI | $52.0k | $25.12 |
| − OpEx | −$15.6k | −$7.54 |
| NOI | $36.4k | $17.58 |
2,070 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$520.0K
$455.0K – $606.6K
NOI $36,398 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$449.7K
$393.5K – $524.6K
NOI $31,476 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$530.9K
$464.5K – $619.4K
NOI $37,161 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Renovated duplex with two 2-bedroom, 1.5-bath units, both currently tenant-occupied.
Where is this duplex located?
The property is located at 1409 Blackwell Drive Irving, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Renovated duplex with 2 units, built in 1979, brick exterior and slab foundation; Each unit offers 2 bedrooms and 1.5 bathrooms; Unit 1409 leased at $1,700/month (month to month) and tenant‑occupied
