Updated Duplex in Lindale,
16238 Esther Road, Lindale, TX 75771
Recently remodeled duplex with new electrical, plumbing, and modern bathrooms.
Type:Multi Family
Property size:
1,488 SFPrice / SF:
$131/SF- Added:
- Oct 13, 2025
- Days on Market:
- 231
- Last Refresh:
- Mar 13 at 2:53 pm
Property Features for 16238 Esther Road
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1987
Listing agent Yamily Ponce License #0778546 (903) 399-8715
Listing office Texas Premier Realty (903) 399-8715
Listing date Oct 13, 2025
Source Compass
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 Texas Premier Realty
HighLights
- Owner financing available with $12,500 down payment.
- Recently remodeled from top to bottom with new electrical, updated plumbing, fresh flooring, and modern bathrooms.
- Located in the highly sought‑after Lindale school district.
- Duplex offers income‑producing potential for investors or owner‑occupants.
- Convenient location near shopping, dining, and major highways.
- Move‑in ready condition.
Overview
This updated duplex is located in Lindale, TX. The property has been remodeled and features new electrical components, updated plumbing, fresh flooring, and modern bathrooms. It is situated in the Lindale school district and is near shopping, dining, and major highways. The property is suitable for generating rental income or for owner-occupancy, allowing the owner to live in one side while renting out the other. The property size is 1488 square feet.
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 | $20.1k | $13.50 |
| − Vacancy | −$1.7k | −$1.15 |
| EGI | $18.4k | $12.35 |
| − OpEx | −$5.5k | −$3.70 |
| NOI | $12.9k | $8.64 |
1,488 SF · lease $13.50/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.7K
$160.7K – $214.3K
NOI $12,859 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$159.6K
$139.6K – $186.2K
NOI $11,171 @ 7.0% cap · market cap 5.73%
Theoretical Best
Hotel Hospitality
$1.12M
$980.7K – $1.31M
NOI $78,455 @ 7.0% cap · market cap 40.23%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lindale
- County
- Smith
- State
- Texas
- Longitude
- -95.38093
- Latitude
- 32.50267
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Recently remodeled duplex with new electrical, plumbing, and modern bathrooms.
Where is this duplex located?
The property is located at 16238 Esther Road Lindale, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Owner financing available with $12,500 down payment.; **Recently remodeled from top to bottom** with new electrical, updated plumbing, fresh flooring, and modern bathrooms.; Located in the highly sought‑after Lindale school district.
