Fully Occupied Duplex Income
1804 Bristol Cove Plano, TX 75074
New
1804 Bristol Cove, Plano, TX, 75074
$549,900
For Sale
$549,900
3-bedroom, 2-bath duplex with one unit leased and the other unit vacant and ready for immediate occupancy.
Property Size2,908 SF
Price / SF$189.10
Days on Market3
Property Features for 1804 Bristol Cove
General Information
- Standard status
- Active
- Size
- 2,908 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1973
Listing agency
Real Broker, LLC
(512) 960-3253
Listed by
K.C. McKeown · License #0690463
Source
1plusrealty
Added: Jul 21 Updated: Jul 22 at 6:54PM Checked: Jul 22 at 6:54PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This fully occupied duplex offers two matching 3-bedroom, 2-bath units with functional layouts designed for straightforward rental use. One unit is currently leased, while the other unit is vacant and ready to lease.
For 1804, the property includes a 2022 replacement HVAC system with ductwork, along with 2024 updates such as a new dishwasher, doors, trim, baseboards, and downstairs flooring, plus a water heater replacement in 2025. For 1806, improvements include a water heater replacement in 2024, a new HVAC system in 2021, and a full remodel completed in 2021.
With one unit set for the lease expiration at the end of July, the buyer has flexibility to renew tenants, adjust rents, or potentially occupy one side while continuing to generate income from the other unit.
For 1804, the property includes a 2022 replacement HVAC system with ductwork, along with 2024 updates such as a new dishwasher, doors, trim, baseboards, and downstairs flooring, plus a water heater replacement in 2025. For 1806, improvements include a water heater replacement in 2024, a new HVAC system in 2021, and a full remodel completed in 2021.
With one unit set for the lease expiration at the end of July, the buyer has flexibility to renew tenants, adjust rents, or potentially occupy one side while continuing to generate income from the other unit.
Key Highlights
- Fully occupied 3‑bedroom, 2‑bath duplex in Plano with one unit leased and the other unit vacant and ready to lease
- Unit 1804 leased for $2,050/month; lease on the occupied unit expires at the end of July
- Recent updates on 1804: new HVAC and ductwork (2022), dishwasher/doors/trim/baseboards and downstairs flooring (2024), water heater (2025)
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 | $75.0k | $25.80 |
| − Vacancy | −$8.1k | −$2.77 |
| EGI | $67.0k | $23.03 |
| − OpEx | −$20.1k | −$6.91 |
| NOI | $46.9k | $16.12 |
2,908 SF · lease $25.80/SF/yr · vacancy 10.73% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$669.8K
$586.0K – $781.4K
NOI $46,883 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$615.3K
$538.4K – $717.9K
NOI $43,071 @ 7.0% cap · market cap 7.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 3-bedroom, 2-bath duplex with one unit leased and the other unit vacant and ready for immediate occupancy.
Where is this duplex located?
The property is located at 1804 Bristol Cove Plano, TX.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Fully occupied 3‑bedroom, 2‑bath duplex in Plano with one unit leased and the other unit vacant and ready to lease; Unit 1804 leased for $2,050/month; lease on the occupied unit expires at the end of July; Recent updates on 1804: new HVAC and ductwork (2022), dishwasher/doors/trim/baseboards and downstairs flooring (2024), water heater (2025)
