Renovated Duplex Near
For Sale
$650,000
210 Slaughter St, Arlington, TX 76011
City-approved short-term rental property with two updated residential units and a bedroom mix suited to flexible occupancy.
Property Size1,895 SF
Price / SF$343.01
Days on Market68
Property Features for 210 Slaughter St
General Information
Standard status
Active
Size
1,895 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1979
Listing Agency:
Inderman + Leija
Listed By:
Chelsie Andrews · License #0817538
(903) 915-9010
Source:
Findtexashomesforsale
Added: Jul 28
Changed: Oct 1
Last Checked: Oct 1 at 11:42AM
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 Inderman + Leija
Investment Insights
Based on property information with market context.
This duplex includes two separately configured units: one with 3 bedrooms and 1 bathroom, and the other with 2 bedrooms and 1 bathroom. Both residences have been renovated with updated kitchens, bathrooms, flooring, fixtures, and interior and exterior paint. The property was built in 1979 and is positioned for continued short-term rental use, subject to applicable city requirements.
Located in Arlington’s Entertainment District, the property is within walking distance of AT&T Stadium, Globe Life Field, Texas Live!, restaurants, and other entertainment venues. City approval for short-term rentals is in place, providing a defined operating framework for the two-unit property.
Located in Arlington’s Entertainment District, the property is within walking distance of AT&T Stadium, Globe Life Field, Texas Live!, restaurants, and other entertainment venues. City approval for short-term rentals is in place, providing a defined operating framework for the two-unit property.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 2‑bedroom residences
- City‑approved for short‑term rentals
- Updated kitchens and bathrooms in both units
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
$18,621
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
2.86%
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%
$372,420
$372.4K
Cap Rate 7%
$266,014
$266.0K
Cap Rate 9%
$206,900
$206.9K
Market Conditions
NOI Build-Up for 1,895 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
$28.9K $15.24/SF
− Vacancy
−$2.3K −$1.20/SF
EGI
$26.6K $14.04/SF
− OpEx
−$8.0K −$4.21/SF
NOI
$18.6K $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 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%
$372,420
Cap Rate 7%
$266,014
Cap Rate 9%
$206,900
Alternative Uses
Best Use
Multifamily LT 5
$266.0K
$232.8K – $310.4K
NOI $18,621 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$209.7K
$183.5K – $244.7K
NOI $14,680 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$558.8K
$488.9K – $651.9K
NOI $39,113 @ 7.0% cap · market cap 6.02%
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
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 76011, TX
23,158
Population
11,991
Households
1.9
Avg Household Size
32
Median Age
27%
College-Educated
83%
High-School Grad
8.1 sq mi
ZIP Area
2,859
Density / Sq Mi
$51,910
Median Household Income
$36,580
Median Earnings
$1,266
Median Rent
$218,400
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 - City-approved short-term rental property with two updated residential units and a bedroom mix suited to flexible occupancy.
Where is this duplex located?
The property is located at 210 Slaughter St Arlington, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 2‑bedroom residences; City‑approved for short‑term rentals; Updated kitchens and bathrooms in both units
