Duplex with Private
New
For Sale
$369,000
1802 Division Street, Commerce, TX 75428
Both residences include covered patios, fenced outdoor space, and kitchens with islands and quartz countertops.
Property Size2,176 SF
Price / SF$169.58
Days on Market3
Property Features for 1802 Division Street
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
covered patio
private fenced backyard
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Chase Realty DFW
(817) 237-7653
Listed By:
Cameron Johnson
(214) 886-3359
Source:
Mainstreethomeguide
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:24AM
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 Chase Realty DFW
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Investment Insights
Based on property information with market context.
Built in 2026, this 2,176-square-foot duplex contains two residences with open-concept layouts, wood-look flooring, and natural light. Each kitchen is finished with white shaker cabinetry, quartz counters, stainless steel appliances, a tile backsplash, and an island with seating. Interior details include designer lighting, matte black fixtures, and natural wood barn doors. Walk-in closets have built-in shelving, and the bathrooms feature tiled tub surrounds.
Each residence also has a covered patio and a private, wood-fenced backyard. The property is near East Texas A&M University in Commerce, Texas.
Each residence also has a covered patio and a private, wood-fenced backyard. The property is near East Texas A&M University in Commerce, Texas.
Key Highlights
- Two‑unit duplex totaling 2,176 square feet
- Built in 2026
- Each residence has a covered patio and private, wood‑fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,088
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,760
$661.8K
Cap Rate 7%
$472,686
$472.7K
Cap Rate 9%
$367,644
$367.6K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$67.4K $30.96/SF
− Vacancy
−$7.2K −$3.31/SF
EGI
$60.2K $27.65/SF
− OpEx
−$27.1K −$12.44/SF
NOI
$33.1K $15.21/SF
Area
Hunt County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,760
Cap Rate 7%
$472,686
Cap Rate 9%
$367,644
Alternative Uses
Best Use
Multifamily LT 5
$546.6K
$478.3K – $637.7K
NOI $38,262 @ 7.0% cap · market cap 10.37%
Second Best
Apartment 5plus
$472.7K
$413.6K – $551.5K
NOI $33,088 @ 7.0% cap · market cap 8.97%
Theoretical Best
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,354 @ 7.0% cap · market cap 41.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 75428, TX
11,192
Population
4,616
Households
2.4
Avg Household Size
28
Median Age
23%
College-Educated
85%
High-School Grad
92.9 sq mi
ZIP Area
120
Density / Sq Mi
$48,372
Median Household Income
$23,299
Median Earnings
$910
Median Rent
$145,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include covered patios, fenced outdoor space, and kitchens with islands and quartz countertops.
Where is this duplex located?
The property is located at 1802 Division Street Commerce, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,176 square feet; Built in 2026; Each residence has a covered patio and private, wood‑fenced backyard
