Duplex with Separate 3BR
For Sale
$359,999
1707 Tina Marie Road Unit A & B, Arlington, TX 76012
Two-for-sale duplex units each offer three bedrooms and two bathrooms, with open living and backyard-facing dining areas.
Property Size2,094 SF
Price / SF$171.92
Days on Market165
Property Features for 1707 Tina Marie Road Unit A & B
General Information
Standard status
Active
Size
2,094 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Amenities
Central Air, Electric
Central, Electric
No
Ceramic Tile
Dishwasher, Electric Range, Refrigerator
Window Coverings
High Speed Internet Available
Composition
One
Fenced
1
Slab
Public Records
2
Brick
Covered, Front Porch, Rear Porch
Building Details
Year Built
2004
Buildings
1
Listing Agency:
RE/MAX Premier
Listed By:
Patty Allen · License #0550958
(469) 693-0974
Source:
Compass
Added: Mar 28
Changed: Aug 8
Last Checked: Jul 23 at 6:50PM
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 RE/MAX Premier
Investment Insights
Based on property information with market context.
This duplex offers two separate units, Unit A and Unit B, each configured with three bedrooms and two bathrooms. The living areas feature high ceilings and an open-concept layout, with the dining area overlooking the backyard. Each unit also includes a flexible bedroom setup, where one bedroom can function as a separate office space in addition to the other two bedrooms.
The property includes parking for two. An existing survey and seller’s disclosure notice are available in the documents.
Buyer and buyer’s representative are responsible for verifying important information.
The property includes parking for two. An existing survey and seller’s disclosure notice are available in the documents.
Buyer and buyer’s representative are responsible for verifying important information.
Key Highlights
- 2‑unit duplex built in 2004 with brick construction and slab foundation
- Each unit offers 3 bedrooms and 2 bathrooms, with flexible layout for using one bedroom as an office
- Open‑concept living area with high ceilings; dining area overlooks the backyard
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
$20,576
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
5.72%
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%
$411,520
$411.5K
Cap Rate 7%
$293,943
$293.9K
Cap Rate 9%
$228,622
$228.6K
Market Conditions
NOI Build-Up for 2,094 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
$31.9K $15.24/SF
− Vacancy
−$2.5K −$1.20/SF
EGI
$29.4K $14.04/SF
− OpEx
−$8.8K −$4.21/SF
NOI
$20.6K $9.83/SF
Area
Arlington, TX
Vacancy
7.89%
Lease Rate
$15.24 /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%
$411,520
Cap Rate 7%
$293,943
Cap Rate 9%
$228,622
Alternative Uses
Best Use
Multifamily LT 5
$293.9K
$257.2K – $342.9K
NOI $20,576 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$231.7K
$202.8K – $270.4K
NOI $16,222 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$617.4K
$540.3K – $720.3K
NOI $43,220 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 76012, TX
27,080
Population
11,538
Households
2.3
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
3,302
Density / Sq Mi
$84,468
Median Household Income
$44,933
Median Earnings
$1,307
Median Rent
$292,200
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 - Two-for-sale duplex units each offer three bedrooms and two bathrooms, with open living and backyard-facing dining areas.
Where is this duplex located?
The property is located at 1707 Tina Marie Road Unit A & B Arlington, TX.
What is the asking price?
The asking price for this property is $359,999.
What are key features of this property?
This property features: 2‑unit duplex built in 2004 with brick construction and slab foundation; Each unit offers 3 bedrooms and 2 bathrooms, with flexible layout for using one bedroom as an office; Open‑concept living area with high ceilings; dining area overlooks the backyard
