Renovated 4-Unit
215 Roberts Circle, Arlington, TX 76010
For Sale
New
$649,900
ResidentialIncome, Arlington, TX
Property Size3,030 SF
Lot Size0.17 Acres
Price / SF$214.49
Days on Market2
Property Features for 215 Roberts Circle
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Exterior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer and dryer
refrigerator
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Citiwide Alliance Realty
(214) 326-0399
Listed By:
Snezha Karns
(214) 524-3500
Added: Nov 10
Last Checked: Nov 11 at 1:06AM
MLS# 21425809
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.
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Investment Insights
Based on property information with market context.
This 3,030-square-foot quadplex contains four renovated apartments, each with two bedrooms and one bathroom. The units are currently vacant. Three include a washer, dryer, and refrigerator; property features also include central heating and air conditioning, vinyl flooring, and balconies. Built in 1983, the building sits on a 0.17-acre parcel.
The property is directly across from the General Motors plant, with access to Highway 360 and Arlington’s entertainment district, including AT&T Stadium, Globe Life Field, and Texas Live!.
The property is directly across from the General Motors plant, with access to Highway 360 and Arlington’s entertainment district, including AT&T Stadium, Globe Life Field, and Texas Live!.
Key Highlights
- Four renovated apartments, each with 2 bedrooms and 1 bathroom
- 3,030 square feet on a 0.17‑acre lot
- All four units are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,278
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,560
$1.1M
Cap Rate 7%
$761,114
$761.1K
Cap Rate 9%
$591,978
$592.0K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$84.7K $27.96/SF
− Vacancy
−$8.6K −$2.84/SF
EGI
$76.1K $25.12/SF
− OpEx
−$22.8K −$7.54/SF
NOI
$53.3K $17.58/SF
Area
ZIP 76010
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,560
Cap Rate 7%
$761,114
Cap Rate 9%
$591,978
Alternative Uses
Best Use
Multifamily LT 5
$761.1K
$666.0K – $888.0K
NOI $53,278 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$658.2K
$575.9K – $767.9K
NOI $46,074 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$872.6K
$763.6K – $1.02M
NOI $61,085 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 76010, TX
55,894
Population
20,508
Households
2.7
Avg Household Size
29
Median Age
13%
College-Educated
65%
High-School Grad
8.8 sq mi
ZIP Area
6,352
Density / Sq Mi
$43,811
Median Household Income
$31,236
Median Earnings
$1,223
Median Rent
$199,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Tarrant County, TX
Properties on Market for Quadplexes in Tarrant County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences are vacant, providing flexibility for the next leasing plan.
Where is this quadplex located?
The property is located at 215 Roberts Circle Arlington, TX.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four renovated apartments, each with 2 bedrooms and 1 bathroom; 3,030 square feet on a 0.17‑acre lot; All four units are currently vacant
