Well-Maintained Duplex
For Sale
$309,500
206 Pine Meadow Dr, Kennedale, TX 76060
Each side offers two bedrooms and one bathroom, with recent updates including paint, flooring, and HVAC.
Property Size1,680 SF
Price / SF$184.23
Days on Market96
Property Features for 206 Pine Meadow Dr
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1982
Tenancy
Multi
Listing Agency:
Metroworks Realty, Inc.
Listed By:
David Wright · License #0543641
(817) 966-1525
Source:
Christenberrygroup
Added: Jul 26
Changed: Oct 26
Last Checked: Oct 28 at 11:44AM
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 Metroworks Realty, Inc.
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Investment Insights
Based on property information with market context.
Well-maintained duplex featuring two-bed, one-bath units on each side. Recent updates include new paint and flooring, along with refinished countertops and fixtures. Recent HVAC updates are also noted, and each side includes a nice-size fenced yard.
The property is located near Sonora Park, downtown Kennedale, and Highways 287 and 20/820.
The duplex is fully occupied, with both units currently rented at $1,295 per month, with potential for rent increases based on comparable rents.
The property is located near Sonora Park, downtown Kennedale, and Highways 287 and 20/820.
The duplex is fully occupied, with both units currently rented at $1,295 per month, with potential for rent increases based on comparable rents.
Key Highlights
- 1982‑built Kennedale duplex with 2 beds and 1 bath on each side
- Fully occupied; each unit rented for $1,295 per month
- Recent updates include new paint, flooring, refinished countertops, and updated fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,655
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,100
$253.1K
Cap Rate 7%
$180,786
$180.8K
Cap Rate 9%
$140,611
$140.6K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$20.4K $12.12/SF
− Vacancy
−$2.3K −$1.36/SF
EGI
$18.1K $10.76/SF
− OpEx
−$5.4K −$3.23/SF
NOI
$12.7K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,100
Cap Rate 7%
$180,786
Cap Rate 9%
$140,611
Alternative Uses
Best Use
Multifamily LT 5
$180.8K
$158.2K – $210.9K
NOI $12,655 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$157.2K
$137.5K – $183.4K
NOI $11,002 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$591.0K
$517.1K – $689.5K
NOI $41,368 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers two bedrooms and one bathroom, with recent updates including paint, flooring, and HVAC.
Where is this duplex located?
The property is located at 206 Pine Meadow Dr Kennedale, TX.
What is the asking price?
The asking price for this property is $309,500.
What are key features of this property?
This property features: 1982‑built Kennedale duplex with 2 beds and 1 bath on each side; Fully occupied; each unit rented for $1,295 per month; Recent updates include new paint, flooring, refinished countertops, and updated fixtures
