Updated Duplex Income
1802-1804 Archer Circle Sherman, TX 75092
1802-1804 Archer Circle, Sherman, TX, 75092
$399,900
For Sale
$399,900
Each duplex unit has recent updates, including flooring, paint, appliances, HVAC, and electrical improvements.
Property Size3,264 SF
Price / SF$122.52
Days on Market80
Property Features for 1802-1804 Archer Circle
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1979
Listing agency
FRONTIER PROPERTIES REAL ESTATE, LLC
(903) 821-4930
Listed by
JOEY JORDAN · License #0207460
(903) 821-4930
Source
Compass
Added: May 3 Updated: Jul 20 at 6:03PM Checked: Jul 21 at 6:04AM
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 FRONTIER PROPERTIES REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This for-sale duplex income property includes two units: 1802 and 1804 Archer Circle. The 1802 side has received recent updates such as flooring, paint, appliances, HVAC, and a breaker box, and is currently vacant. The 1804 side has also had recent improvements including HVAC and breaker box updates, along with other updates noted in the recent work. A tenant on 1804 currently maintains the lawn.
Recent updates are described as covering both units’ interior finishes and core mechanical/electrical components, with 1802 positioned as the larger side of the property. Overall, the property presents a maintained, recently improved duplex configuration suitable for an owner-operator or income-focused buyer.
The property is a two-unit residential income asset with unit-specific update history documented for both sides, including HVAC and electrical upgrades.
Recent updates are described as covering both units’ interior finishes and core mechanical/electrical components, with 1802 positioned as the larger side of the property. Overall, the property presents a maintained, recently improved duplex configuration suitable for an owner-operator or income-focused buyer.
The property is a two-unit residential income asset with unit-specific update history documented for both sides, including HVAC and electrical upgrades.
Key Highlights
- 2‑unit brick duplex, one‑story construction with slab foundation
- Recent updates on both sides include flooring, paint, appliances, HVAC, and breaker box/electrical improvements
- 1802 side is larger and currently vacant; 1804 has a tenant who maintains the lawn
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 | $40.3k | $12.36 |
| − Vacancy | −$4.6k | −$1.41 |
| EGI | $35.7k | $10.95 |
| − OpEx | −$10.7k | −$3.29 |
| NOI | $25.0k | $7.67 |
3,264 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.4K
$312.8K – $417.0K
NOI $25,021 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$316.9K
$277.3K – $369.7K
NOI $22,180 @ 7.0% cap · market cap 5.55%
Theoretical Best
Hotel Hospitality
$1.67M
$1.47M – $1.95M
NOI $117,210 @ 7.0% cap · market cap 29.31%
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 - Each duplex unit has recent updates, including flooring, paint, appliances, HVAC, and electrical improvements.
Where is this duplex located?
The property is located at 1802-1804 Archer Circle Sherman, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2‑unit brick duplex, one‑story construction with slab foundation; Recent updates on both sides include flooring, paint, appliances, HVAC, and breaker box/electrical improvements; 1802 side is larger and currently vacant; 1804 has a tenant who maintains the lawn
