Updated Two-Unit
For Sale
$494,900
1620 Brown Trail, Hurst, TX 76054
Each residence combines three bedrooms, two bathrooms, and open living and dining areas.
Property Size3,222 SF
Days on Market91
Property Features for 1620 Brown Trail
General Information
Standard status
Active
Size
3,222 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
covered parking
on-site laundry
fireplace
Building Details
Building Size
3,222 SF
Year Built
1979
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Realty
(972) 827-8943
Listed By:
Charles Brown · License #0606840
(972) 827-8943
Source:
Signaturere
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 29 at 8:09PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1979 duplex includes two separate residences, with each unit offering three bedrooms, two bathrooms, an open living and dining arrangement, and a spacious primary suite with an ensuite bath. Interior improvements include luxury vinyl plank flooring, fresh neutral paint, updated lighting and hardware, white cabinetry, subway tile backsplashes, built-in appliances, and substantial storage. Painted brick fireplaces with raised hearths anchor the living rooms. Covered front entries, covered parking, and dedicated laundry areas serve both units. One residence also includes stainless steel appliances.
Located at 1620 Brown Trail in Hurst, the property is approximately 10 minutes from DFW Airport, 15 minutes from Downtown Fort Worth, and 25 minutes from Dallas. Shopping, dining, schools, and major roadways are identified as nearby. A new roof and completed foundation work are among the major property updates.
Located at 1620 Brown Trail in Hurst, the property is approximately 10 minutes from DFW Airport, 15 minutes from Downtown Fort Worth, and 25 minutes from Dallas. Shopping, dining, schools, and major roadways are identified as nearby. A new roof and completed foundation work are among the major property updates.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- New roof and completed foundation work
- Updated interiors with luxury vinyl plank flooring, lighting, hardware, and neutral paint
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
$24,271
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
4.90%
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%
$485,420
$485.4K
Cap Rate 7%
$346,729
$346.7K
Cap Rate 9%
$269,678
$269.7K
Market Conditions
NOI Build-Up for 3,222 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
$39.1K $12.12/SF
− Vacancy
−$4.4K −$1.36/SF
EGI
$34.7K $10.76/SF
− OpEx
−$10.4K −$3.23/SF
NOI
$24.3K $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%
$485,420
Cap Rate 7%
$346,729
Cap Rate 9%
$269,678
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.4K – $404.5K
NOI $24,271 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$301.4K
$263.8K – $351.7K
NOI $21,100 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.13M
$991.7K – $1.32M
NOI $79,339 @ 7.0% cap · market cap 16.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
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 - Each residence combines three bedrooms, two bathrooms, and open living and dining areas.
Where is this duplex located?
The property is located at 1620 Brown Trail Hurst, TX.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; New roof and completed foundation work; Updated interiors with luxury vinyl plank flooring, lighting, hardware, and neutral paint
