Two-Unit Duplex with Fenced
For Sale
$298,000
2205 Landmark Court, Arlington, TX 76013
Wooded cul-de-sac setting with matching floor plans, brick wood-burning fireplaces, and central air in both units.
Property Size1,624 SF
Price / SF$183.50
Days on Market162
Property Features for 2205 Landmark Court
General Information
Standard status
Active
Size
1,624 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
brick wbfp
build-ins
fenced yard
Ceiling Fan(s), Central Air
Central
No
Carpet, Laminate
Dishwasher, Disposal, Electric Range, Refrigerator
Window Coverings
2
Cable TV Available, Open Floorplan, Walk-In Closet(s)
Brick, Family Room, Wood Burning
Composition
One
Fenced, Wood
Rain Gutters
1
Slab
Assessor
Brick, Siding
Front Porch, Rear Porch
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Pinnacle Group REALTORS
(817) 299-1001
Listed By:
John Pollock · License #0306245
(817) 299-1001
Source:
Compass
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 7:01PM
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 Pinnacle Group REALTORS
Investment Insights
Based on property information with market context.
Built in 1979, this 1,624-square-foot duplex contains two matching units, each arranged with two bedrooms and one bathroom. Both sides feature an open floor plan, family room, walk-in closet, central air, ceiling fans, and wood-burning brick fireplaces with built-ins. Kitchens include a dishwasher, disposal, electric range, and refrigerator, while carpet and laminate flooring are installed throughout the property.
The duplex sits on a wooded cul-de-sac at 2205 Landmark Court in Arlington, within ZIP code 76013. Exterior features include fenced yards with trees, rain gutters, a slab foundation, composition roofing, brick and siding, and front and rear porches. Each side has an identical floor plan; access is limited to side B until a contract has been accepted.
The duplex sits on a wooded cul-de-sac at 2205 Landmark Court in Arlington, within ZIP code 76013. Exterior features include fenced yards with trees, rain gutters, a slab foundation, composition roofing, brick and siding, and front and rear porches. Each side has an identical floor plan; access is limited to side B until a contract has been accepted.
Key Highlights
- 1,624‑square‑foot duplex built in 1979
- Two identical units, each with 2 bedrooms and 1 bathroom
- Brick wood‑burning fireplace and built‑ins on each side
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
$15,958
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
5.36%
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%
$319,160
$319.2K
Cap Rate 7%
$227,971
$228.0K
Cap Rate 9%
$177,311
$177.3K
Market Conditions
NOI Build-Up for 1,624 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
$24.7K $15.24/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$22.8K $14.04/SF
− OpEx
−$6.8K −$4.21/SF
NOI
$16.0K $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 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%
$319,160
Cap Rate 7%
$227,971
Cap Rate 9%
$177,311
Alternative Uses
Best Use
Multifamily LT 5
$228.0K
$199.5K – $266.0K
NOI $15,958 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$179.7K
$157.3K – $209.7K
NOI $12,581 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$478.8K
$419.0K – $558.7K
NOI $33,519 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 76013, TX
36,535
Population
14,431
Households
2.5
Avg Household Size
32
Median Age
43%
College-Educated
91%
High-School Grad
9.0 sq mi
ZIP Area
4,059
Density / Sq Mi
$67,333
Median Household Income
$31,613
Median Earnings
$1,267
Median Rent
$287,000
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 - Wooded cul-de-sac setting with matching floor plans, brick wood-burning fireplaces, and central air in both units.
Where is this duplex located?
The property is located at 2205 Landmark Court Arlington, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 1,624‑square‑foot duplex built in 1979; Two identical units, each with 2 bedrooms and 1 bathroom; Brick wood‑burning fireplace and built‑ins on each side
