Duplex with Private
New
For Sale
$369,000
1814 Division Street, Commerce, TX 75428
ResidentialIncome, Commerce, TX
Property Size2,176 SF
Lot Size0.19 Acres
Price / SF$169.58
Days on Market3
Property Features for 1814 Division Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking
4
Parking features
Garage, Driveway
Patio and Porch features
Patio, Porch
Interior features
DecorativeDesignerLightingFixtures
Exterior features
Lighting, PrivateYard, RainGutters
Fireplace
1
Appliances
Dishwasher, ElectricRange, Disposal, Microwave
Subdivision
Orig Town Of Commerce
Elementary school
Commerce
Middle school
Commerce
High school
Commerce
Elementary school district
Commerce ISD
Middle school district
Commerce ISD
High school district
Commerce ISD
Directions
See GPS for best and most personalized directions
Standard status
Active
APN
70167
Size
2,176 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
S4380 ORIG TOWN OF COMMERCE BLK 69 LOT 15 ACR
Tax Annual Amount
525
Legal Description
S4380 ORIG TOWN OF COMMERCE BLK 69 LOT 15 ACR
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
private backyard
covered patio
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Carpet
Building materials
Stucco
Roof type
Composition
Listing Agency:
Texas Urban Living Realty
Listed By:
Jess Miller Miller · License #0702589
(214) 823-7783
Added: Sep 24
Last Checked: Sep 26 at 10:06AM
MLS# 21393056
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex contains 2,176 square feet across two residences on a 0.185-acre lot. Each unit has an open-concept kitchen, living, and dining area, along with its own wood-fenced backyard and covered patio. Interior finishes include luxury vinyl plank flooring, quartz kitchen counters, shaker cabinetry, stainless steel appliances, contemporary lighting, and matte black fixtures. An electric fireplace with a wood mantel serves as a living-area feature in each unit.
The property is at 1814 Division Street in Commerce, near East Texas A&M University. Public water and sewer serve the property. Parking includes a garage and driveway.
The property is at 1814 Division Street in Commerce, near East Texas A&M University. Public water and sewer serve the property. Parking includes a garage and driveway.
Key Highlights
- Two‑unit duplex with 2,176 square feet on a 0.185‑acre lot
- Each unit has a private wood‑fenced backyard and covered patio
- Open‑concept living, dining, and kitchen areas in both residences
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
$33,088
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
8.97%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have covered patios, wood fencing, and open living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 1814 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 with 2,176 square feet on a 0.185‑acre lot; Each unit has a private wood‑fenced backyard and covered patio; Open‑concept living, dining, and kitchen areas in both residences
