Townhome Triplex with
New
For Sale
$695,000
2156 Fleur De Lis Court, Arlington, TX 76012
Two units are leased, with a third available for occupancy or rental.
Property Size4,639 SF
Days on Market2
Property Features for 2156 Fleur De Lis Court
General Information
Standard status
Active
Size
4,639 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Building Size
4,639 SF
Year Built
1971
Listing Agency:
OmniKey Realty, LLC.
Listed By:
Mallory Adams · License #0746744
(931) 703-4746
Source:
Baerealty
Added: Nov 1
Last Checked: Nov 1 at 3:55PM
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 OmniKey Realty, LLC.
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Investment Insights
Based on property information with market context.
This 1971-built triplex comprises three townhome units, with two currently leased and one vacant. Unit features include updated kitchens and living areas, primary suites with private bathrooms, and secondary bedrooms suited to additional uses. A carport provides covered parking.
Key Highlights
- Three townhome units; two leased and one vacant
- Built in 1971
- Updated kitchens and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,584
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,680
$911.7K
Cap Rate 7%
$651,200
$651.2K
Cap Rate 9%
$506,489
$506.5K
Market Conditions
NOI Build-Up for 4,639 SF
Gross rent
$70.7K $15.24/SF
− Vacancy
−$5.6K −$1.20/SF
EGI
$65.1K $14.04/SF
− OpEx
−$19.5K −$4.21/SF
NOI
$45.6K $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%
$911,680
Cap Rate 7%
$651,200
Cap Rate 9%
$506,489
Alternative Uses
Best Use
Multifamily LT 5
$651.2K
$569.8K – $759.7K
NOI $45,584 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$513.4K
$449.2K – $599.0K
NOI $35,937 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,749 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are leased, with a third available for occupancy or rental.
Where is this triplex located?
The property is located at 2156 Fleur De Lis Court Arlington, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three townhome units; two leased and one vacant; Built in 1971; Updated kitchens and living areas
