Updated Duplex with Fenced
New
For Sale
$499,900
2204 E 18th Street N Na, Plano, TX 75074
Two-unit property featuring refreshed interiors, private patios, fenced outdoor space, and covered parking with secured storage.
Property Size2,840 SF
Price / SF$176.02
Days on Market3
Property Features for 2204 E 18th Street N Na
General Information
Standard status
Active
Size
2,840 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Amenities
ceiling fans
walk-in closets
wood-burning fireplace
French doors
patio
fenced backyard
Building Details
Year Built
1975
Listing Agency:
WILLIAM DAVIS REALTY
Listed By:
Rosemarie Hrncir · License #0401882
(972) 732-6002
Source:
Thebryandavisgroup
Added: Sep 20
Last Checked: Sep 21 at 12:06PM
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 WILLIAM DAVIS REALTY
Investment Insights
Based on property information with market context.
This duplex offers 2,840 square feet with refreshed interiors and practical residential features. Improvements include new interior paint, vinyl flooring in the living, dining, and kitchen areas, updated kitchen and bathroom fixtures, granite countertops, Shaker-style white cabinetry, reglazed bathtubs, and Kohler toilets. Ceiling fans serve all rooms, and each room includes a walk-in closet.
The property also includes updated HVAC equipment, a living room wood-burning fireplace with gas starter, and an electric water heater. French doors connect the interior to a patio and fenced backyard. A two-car carport provides covered parking, while attached locked storage adds utility. Built in 1975, the property combines updated finishes with established construction.
The property also includes updated HVAC equipment, a living room wood-burning fireplace with gas starter, and an electric water heater. French doors connect the interior to a patio and fenced backyard. A two-car carport provides covered parking, while attached locked storage adds utility. Built in 1975, the property combines updated finishes with established construction.
Key Highlights
- 2,840‑square‑foot duplex built in 1975
- Updated kitchen with granite countertops and Shaker white cabinets
- Both bathrooms refreshed with Kohler toilets, granite counters, and reglazed bathtubs
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
$45,787
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
9.16%
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%
$915,740
$915.7K
Cap Rate 7%
$654,100
$654.1K
Cap Rate 9%
$508,744
$508.7K
Market Conditions
NOI Build-Up for 2,840 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
$73.3K $25.80/SF
− Vacancy
−$7.9K −$2.77/SF
EGI
$65.4K $23.03/SF
− OpEx
−$19.6K −$6.91/SF
NOI
$45.8K $16.12/SF
Area
Plano, TX
Vacancy
10.73%
Lease Rate
$25.80 /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%
$915,740
Cap Rate 7%
$654,100
Cap Rate 9%
$508,744
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.3K – $763.1K
NOI $45,787 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$600.9K
$525.8K – $701.1K
NOI $42,064 @ 7.0% cap · market cap 8.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 75074, TX
53,003
Population
19,362
Households
2.7
Avg Household Size
35
Median Age
42%
College-Educated
85%
High-School Grad
16.0 sq mi
ZIP Area
3,313
Density / Sq Mi
$84,185
Median Household Income
$42,523
Median Earnings
$1,678
Median Rent
$347,300
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 - Two-unit property featuring refreshed interiors, private patios, fenced outdoor space, and covered parking with secured storage.
Where is this duplex located?
The property is located at 2204 E 18th Street N Na Plano, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,840‑square‑foot duplex built in 1975; Updated kitchen with granite countertops and Shaker white cabinets; Both bathrooms refreshed with Kohler toilets, granite counters, and reglazed bathtubs
