2-Unit Duplex with Covered
For Sale
$279,900
1907 Nolen Ct, Arlington, TX 76012
Vacant duplex with matching two-bedroom layouts, 1.5 bathrooms per unit, and covered parking at the rear.
Property Size2,100 SF
Price / SF$133.29
Days on Market62
Property Features for 1907 Nolen Ct
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
covered rear parking
Building Details
Year Built
1971
Buildings
1
Listing Agency:
Real Estate Diplomats
Listed By:
Steven Robertson · License #0648570
(469) 626-9002
Source:
Christenberrygroup
Added: Aug 14
Changed: Oct 2
Last Checked: Oct 7 at 4:02PM
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 Estate Diplomats
Investment Insights
Based on property information with market context.
Built in 1971, this vacant duplex contains two separate units, each with approximately 1,050 square feet of living space. Both layouts include two bedrooms located on the second floor, 1.5 bathrooms, and covered rear parking. The property is offered in its existing as-is condition, providing a straightforward opportunity for a buyer to complete improvements or occupancy plans based on their needs.
The residence is near major highways and downtown Fort Worth, with AT&T Stadium, Six Flags, and Globe Life Field described as minutes away. Located at 1907 Nolen Court in Arlington, the property combines a two-unit configuration with access to established regional destinations.
The residence is near major highways and downtown Fort Worth, with AT&T Stadium, Six Flags, and Globe Life Field described as minutes away. Located at 1907 Nolen Court in Arlington, the property combines a two-unit configuration with access to established regional destinations.
Key Highlights
- Approximately 1,050 SF per unit
- Two bedrooms and 1.5 bathrooms in each unit
- Covered rear parking for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,635
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$412,700
$412.7K
Cap Rate 7%
$294,786
$294.8K
Cap Rate 9%
$229,278
$229.3K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$32.0K $15.24/SF
− Vacancy
−$2.5K −$1.20/SF
EGI
$29.5K $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 Rate 5%
$412,700
Cap Rate 7%
$294,786
Cap Rate 9%
$229,278
Alternative Uses
Best Use
Multifamily LT 5
$294.8K
$257.9K – $343.9K
NOI $20,635 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$232.4K
$203.4K – $271.1K
NOI $16,268 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,344 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
836
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with matching two-bedroom layouts, 1.5 bathrooms per unit, and covered parking at the rear.
Where is this duplex located?
The property is located at 1907 Nolen Ct Arlington, TX.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Approximately 1,050 SF per unit; Two bedrooms and 1.5 bathrooms in each unit; Covered rear parking for both units
