Duplex with Four Garage
For Sale
$619,000
2118 Trellis Place, Richardson, TX 75281
Two occupied units with recent mechanical, foundation, and plumbing improvements near Richardson schools and daily amenities.
Property Size3,296 SF
Days on Market40
Property Features for 2118 Trellis Place
General Information
Standard status
Active
Size
3,296 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$52,200
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,497
Building Details
Building Size
3,296 SF
Year Built
1974
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire HathawayHS PenFed TX
Listed By:
Phuong Nguyen
(214) 257-1111
Source:
Nilesrealtygroup
Added: Aug 29
Changed: Sep 22
Last Checked: Oct 5 at 9:49PM
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 Berkshire HathawayHS PenFed TX
Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains 6 bedrooms, 4 bathrooms, and 4 garage spaces across two residential units. Both units are currently rented. Unit 2118 has granite countertops, stainless steel appliances, and remodeled bathrooms, while Unit 2120 retains its existing finishes. New HVAC systems were installed in 2026, and completed foundation and plumbing repairs add to the property’s recent improvement history.
The property is located in Richardson, TX, within Richardson schools and near shopping, dining, and everyday amenities. Its two-unit configuration, occupied status, garage capacity, and completed capital work provide a clear residential income-property profile.
The property is located in Richardson, TX, within Richardson schools and near shopping, dining, and everyday amenities. Its two-unit configuration, occupied status, garage capacity, and completed capital work provide a clear residential income-property profile.
Key Highlights
- Duplex configuration with 6 bedrooms and 4 bathrooms
- 4 garage spaces across the property
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,905
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,100
$638.1K
Cap Rate 7%
$455,786
$455.8K
Cap Rate 9%
$354,500
$354.5K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$50.6K $15.36/SF
− Vacancy
−$5.0K −$1.53/SF
EGI
$45.6K $13.83/SF
− OpEx
−$13.7K −$4.15/SF
NOI
$31.9K $9.68/SF
Area
Richardson, TX
Vacancy
9.97%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,100
Cap Rate 7%
$455,786
Cap Rate 9%
$354,500
Alternative Uses
Best Use
Multifamily LT 5
$455.8K
$398.8K – $531.8K
NOI $31,905 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$408.9K
$357.8K – $477.0K
NOI $28,620 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.00M
$875.7K – $1.17M
NOI $70,055 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
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Business Placement
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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 - Two occupied units with recent mechanical, foundation, and plumbing improvements near Richardson schools and daily amenities.
Where is this duplex located?
The property is located at 2118 Trellis Place Richardson, TX.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Duplex configuration with 6 bedrooms and 4 bathrooms; 4 garage spaces across the property; Both units are currently rented
