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 Market54
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
Listed By:
Tri Nguyen
(972) 800-4111
Source:
Christenberrygroup
Added: Aug 22
Changed: Oct 5
Last Checked: Oct 7 at 1:13PM
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 / Yr
$26,346
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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 - 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
