Occupied Three-Bedroom
For Sale
$460,000
15135 County Road 1103, Flint, TX 75762
Residential Income, Flint, TX
Property Size2,760 SF
Lot Size1.00 Acres
Price / SF$166.67
Days on Market324
Property Features for 15135 County Road 1103
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Pets allowed
Yes
Subdivision
A1000018-A0018 T QUEVADO
Elementary school
Owens
Middle school
Three Lakes
High school
Tyler Legacy
Directions
From Tyler: Take Highway 155-S, Turn right on CR 1103 by The Kingdom Vet Office Duplex is located third on left.
Standard status
Active
Size
2,760 SF
Lot size
1.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ABST A0018 T QUEVADO TRACT 8.2
Tax Annual Amount
5074
Legal Description
ABST A0018 T QUEVADO TRACT 8.2
Utilities
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
2017
Number of units
2
Building materials
Brick
Listing Agency:
Quality Choice Solutions, LLC
(855) 727-4255
Listed By:
Ruthie Freeman · License #0767773
(903) 752-1442
Added: Oct 1, 2025
Changed: Aug 20
Last Checked: Aug 20 at 8:06PM
MLS# 25014888
Copyright © 2026 Greater Tyler Association of Realtors. 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.
Built in 2017, this occupied duplex is configured as two private residential units, with each side offering three bedrooms and two full bathrooms. The property includes brick construction, central heating, central air, electric cooling, and carport parking. The total lot area is 1.001 acres.
The duplex is located just off Highway 155 in Flint, with Brookshire's Grocery, local shops, and fast-food establishments nearby. Tyler and surrounding amenities are also within the broader area. Each unit's matching bedroom and bathroom configuration provides a consistent layout across the property.
The duplex is located just off Highway 155 in Flint, with Brookshire's Grocery, local shops, and fast-food establishments nearby. Tyler and surrounding amenities are also within the broader area. Each unit's matching bedroom and bathroom configuration provides a consistent layout across the property.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 full bathrooms per side
- Occupied property built in 2017
- 1.001‑acre lot in Flint, TX
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
$23,852
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
5.19%
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%
$477,040
$477.0K
Cap Rate 7%
$340,743
$340.7K
Cap Rate 9%
$265,022
$265.0K
Market Conditions
NOI Build-Up for 2,760 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
$37.3K $13.50/SF
− Vacancy
−$3.2K −$1.15/SF
EGI
$34.1K $12.35/SF
− OpEx
−$10.2K −$3.70/SF
NOI
$23.9K $8.64/SF
Area
Smith County, TX
Vacancy
8.55%
Lease Rate
$13.50 /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%
$477,040
Cap Rate 7%
$340,743
Cap Rate 9%
$265,022
Alternative Uses
Best Use
Multifamily LT 5
$340.7K
$298.2K – $397.5K
NOI $23,852 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$296.0K
$259.0K – $345.4K
NOI $20,721 @ 7.0% cap · market cap 4.50%
Theoretical Best
Hotel Hospitality
$2.08M
$1.82M – $2.43M
NOI $145,521 @ 7.0% cap · market cap 31.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 75762, TX
13,923
Population
6,052
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
97%
High-School Grad
44.7 sq mi
ZIP Area
311
Density / Sq Mi
$91,429
Median Household Income
$47,587
Median Earnings
$1,201
Median Rent
$283,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied brick duplex with separate three-bedroom, two-bath layouts and convenient access to Highway 155.
Where is this duplex located?
The property is located at 15135 County Road 1103 Flint, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 full bathrooms per side; Occupied property built in 2017; 1.001‑acre lot in Flint, TX
