Remodeled 2-Unit
For Sale
$420,000
2201 Summer Place Dr, Arlington, TX 76014
Fully updated duplex with private entrances, a large driveway, and carport parking.
Property Size2,155 SF
Price / SF$194.90
Days on Market8
Property Features for 2201 Summer Place Dr
General Information
Standard status
Active
Size
2,155 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Mercedes Realtors
(972) 800-4111
Listed By:
Tri Nguyen
Source:
Brandeekelley
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 4:31PM
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 Mercedes Realtors
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units totaling 2,155 square feet. Each unit offers a 2-bedroom, 2-bathroom layout with a private en-suite bedroom, separate exterior side and rear entrances, and updated interior finishes. Improvements include new windows, luxury vinyl plank flooring, bathroom tile, quartz countertops, and custom sliding glass doors. The property was built in 1985 and includes a large driveway and carport on a corner lot.
Located in Arlington, the property provides access to major highways, local markets, and the city’s Entertainment District, including AT&T Stadium, Globe Life Field, and Texas Live!.
Located in Arlington, the property provides access to major highways, local markets, and the city’s Entertainment District, including AT&T Stadium, Globe Life Field, and Texas Live!.
Key Highlights
- Two side‑by‑side units totaling 2,155 square feet
- Each unit has 2 bedrooms and 2 bathrooms
- Fully remodeled with new windows and luxury vinyl plank flooring
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
$26,346
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
6.27%
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%
$526,920
$526.9K
Cap Rate 7%
$376,371
$376.4K
Cap Rate 9%
$292,733
$292.7K
Market Conditions
NOI Build-Up for 2,155 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
$41.9K $19.44/SF
− Vacancy
−$4.3K −$1.98/SF
EGI
$37.6K $17.46/SF
− OpEx
−$11.3K −$5.24/SF
NOI
$26.3K $12.23/SF
Area
ZIP 76014
Vacancy
10.16%
Lease Rate
$19.44 /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%
$526,920
Cap Rate 7%
$376,371
Cap Rate 9%
$292,733
Alternative Uses
Best Use
Multifamily LT 5
$376.4K
$329.3K – $439.1K
NOI $26,346 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$333.9K
$292.1K – $389.5K
NOI $23,370 @ 7.0% cap · market cap 5.56%
Theoretical Best
Warehouse
$571.2K
$499.8K – $666.4K
NOI $39,985 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 76014, TX
35,954
Population
11,274
Households
3.2
Avg Household Size
32
Median Age
18%
College-Educated
76%
High-School Grad
5.7 sq mi
ZIP Area
6,308
Density / Sq Mi
$63,196
Median Household Income
$34,129
Median Earnings
$1,516
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully updated duplex with private entrances, a large driveway, and carport parking.
Where is this duplex located?
The property is located at 2201 Summer Place Dr Arlington, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two side‑by‑side units totaling 2,155 square feet; Each unit has 2 bedrooms and 2 bathrooms; Fully remodeled with new windows and luxury vinyl plank flooring
