Duplex with Two-Car
New
For Sale
$599,000
2205 Heritage Circle, Carrollton, TX 75006
Both residences are tenant occupied under leases scheduled to run through March 31, 2028.
Property Size3,540 SF
Price / SF$169.21
Days on Market3
Property Features for 2205 Heritage Circle
General Information
Standard status
Active
Size
3,540 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Amenities
Double Vanity
Granite Counters
Open Floorplan
Pantry
Vaulted Ceiling(S)
Courtyard
Private Yard
Building Details
Building Size
3,540 SF
Year Built
1978
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Corey Simpson & Associates
(469) 919-2647
Listed By:
Derik Schmille · License #0732903
(469) 410-0566
Source:
Freedomrealtyllc
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:59PM
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 Corey Simpson & Associates
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Investment Insights
Based on property information with market context.
This 3,540-square-foot duplex, built in 1978, contains two residences, each with a backyard and a two-car garage. Recent work includes interior paint, dishwashers, kitchen countertops, and foundation repairs backed by a transferable warranty. Tile flooring is featured in the units, and each has a first-floor primary bedroom and bathroom.
Both units are occupied by tenants with lease obligations ending March 31, 2028. The property is in Carrollton, with access to George Bush Turnpike, I-35, and the Dallas North Tollway.
Both units are occupied by tenants with lease obligations ending March 31, 2028. The property is in Carrollton, with access to George Bush Turnpike, I-35, and the Dallas North Tollway.
Key Highlights
- 3,540‑square‑foot duplex built in 1978
- Two residences, each with a backyard and a 2‑car garage
- Both units tenant occupied; lease obligations end 3‑31‑2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,148
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,960
$903.0K
Cap Rate 7%
$644,971
$645.0K
Cap Rate 9%
$501,644
$501.6K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$71.8K $20.28/SF
− Vacancy
−$7.3K −$2.06/SF
EGI
$64.5K $18.22/SF
− OpEx
−$19.3K −$5.47/SF
NOI
$45.1K $12.75/SF
Area
Carrollton, TX
Vacancy
10.16%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,960
Cap Rate 7%
$644,971
Cap Rate 9%
$501,644
Alternative Uses
Best Use
Multifamily LT 5
$645.0K
$564.4K – $752.5K
NOI $45,148 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$593.1K
$519.0K – $692.0K
NOI $41,519 @ 7.0% cap · market cap 6.93%
Theoretical Best
Specialty Retail
$870.9K
$762.1K – $1.02M
NOI $60,965 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant occupied under leases scheduled to run through March 31, 2028.
Where is this duplex located?
The property is located at 2205 Heritage Circle Carrollton, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,540‑square‑foot duplex built in 1978; Two residences, each with a backyard and a 2‑car garage; Both units tenant occupied; lease obligations end 3‑31‑2028
