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    Carrollton Duplex with Large Lot Title is generated by Realmo AI

    2240 Jackson Circle, Carrollton, TX 75006

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    For Sale
    $520,000

    Duplex - Carrollton, TX

    Type:Duplex
    Property size:
    2,200 SF
    Lot size:
    0.48 Acres
    Price / SF:
    $236/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 3:06 pm

    Property Features for 2240 Jackson Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    2
    Parking features
    Driveway, Garage, Leased
    Interior features
    Granite Counters, Open Floorplan, Walk-in Closet(s)
    Exterior features
    Private Yard, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Microwave, Refrigerator, Refrigerator - Built-in, Washer
    Standard status
    Active
    APN
    14050800000360000
    Size
    2,200 SF
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Roof Turbine(s)

    Building Details

    Year built
    2017
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Brick, Stone, Stone Veneer
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Bisha
    Gary Bisha

    Listing agent Gary Bisha License #0508227

    Listing office My Castle Realty 10560 NW Freeway, Houston, TX

    Listing date May 15, 2026

    MLS# 21272340 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑generating investment property: Leased for $2,700/month, potential for $5,400/month.
    • Spacious modern home: Built in 2017 with 2200 sq.ft. of finished living space.
    • Large lot with private fenced yard: Situated on a 20,739 sq.ft. lot.
    • Modern amenities: Features granite counters, open floorplan, walk‑in closet(s), and modern appliances.
    • Energy‑efficient features: Includes central air, ceiling fans, and roof turbine(s).
    • Durable construction: Constructed with brick and stone/stone veneer exterior.

    Overview

    This duplex, located on Jackson Circle in Carrollton, Texas, was constructed in 2017. One side of the duplex features 3 bathrooms and 1 half bathroom, with a finished area of 2200 square feet. The property is situated on a lot of 20,739 square feet, which is approximately 0.476 acres. A privacy fence separates the two sides of the duplex. The property is currently leased for a total income of $5,400 per month, with each unit leased at $2,700. The other side of the duplex is also available for sale, presenting an investment opportunity.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $311.8K
    NOI $28,058 @ 9.00% cap · cautious / downside scenario
    Moderate
    $400.8K
    NOI $28,058 @ 7.00% cap · market / base-case scenario
    Aggressive
    $561.2K
    NOI $28,058 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $44.6k $20.28
    − Vacancy −$4.5k −$2.06
    EGI $40.1k $18.22
    − OpEx −$12.0k −$5.47
    NOI $28.1k $12.75
    2,200 SF · lease $20.28/SF/yr · vacancy 10.16% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $400.8K
    $350.7K – $467.6K (±1% cap)
    NOI $28,058 @ 7.0% cap · market cap 5.40%
    Second Best
    Apartment 5plus
    $368.6K
    $322.5K – $430.1K (±1% cap)
    NOI $25,803 @ 7.0% cap · market cap 4.96%
    Theoretical Best
    Specialty Retail
    $541.3K
    $473.6K – $631.5K (±1% cap)
    NOI $37,888 @ 7.0% cap · market cap 7.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Denton
    State
    Texas
    Longitude
    -96.894842
    Latitude
    32.976536

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    FAQs

    What type of property is this?
    Duplex - Duplex in Carrollton, TX with investment potential.
    Where is this duplex located?
    The property is located at 2240 Jackson Circle Carrollton, TX.
    What is the asking price?
    The asking price for this property is $520,000.
    What are key features of this property?
    This property features: Income‑generating investment property: Leased for $2,700/month, potential for $5,400/month.; Spacious modern home: Built in 2017 with 2200 sq.ft. of finished living space.; Large lot with private fenced yard: Situated on a 20,739 sq.ft. lot.
    (713) 683-0054
    We can help!
    Listing Contact
    Gary Bisha
    Gary Bisha
    Real Estate License ID: 0508227
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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