Duplex with Private
22882 Cr 181, Bullard, TX 75757
For Sale
New
$440,000
Each residence has an open layout, stainless steel appliances, pantry, and washer and dryer hookups.
Property Size2,542 SF
Price / SF$173.09
Days on Market1
Property Features for 22882 Cr 181
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
front porch
fenced in backyard
washer and dryer hookups
stainless steel appliances
pantry
concrete floors
Building Details
Year Built
Buildings
Listing Agency:
Waller Realty
Listed By:
Brad Newberry · License TX #0526613
(903) 780-8015
Source:
Newberryre
Added: Nov 12
Last Checked: Nov 12 at 2:31PM
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 Waller Realty
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Investment Insights
Based on property information with market context.
Built in 2022, this 2,542-square-foot duplex contains two residences, each with three bedrooms, two bathrooms, and an open floor plan. Interior features include concrete floors, stainless steel appliances, a refrigerator, and a pantry. Washer and dryer hookups are located in a hallway closet, and each residence has its own fenced backyard. A front porch faces a pond and rolling hills across the street.
Key Highlights
- 2,542‑square‑foot duplex built in 2022
- Two residences, each with 3 bedrooms and 2 bathrooms
- Separate fenced backyard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,968
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,360
$439.4K
Cap Rate 7%
$313,829
$313.8K
Cap Rate 9%
$244,089
$244.1K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$34.3K $13.50/SF
− Vacancy
−$2.9K −$1.15/SF
EGI
$31.4K $12.35/SF
− OpEx
−$9.4K −$3.70/SF
NOI
$22.0K $8.64/SF
Area
Smith County, TX
Vacancy
8.55%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,360
Cap Rate 7%
$313,829
Cap Rate 9%
$244,089
Alternative Uses
Best Use
Multifamily LT 5
$313.8K
$274.6K – $366.1K
NOI $21,968 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$272.6K
$238.6K – $318.1K
NOI $19,084 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$651.3K
$569.9K – $759.8K
NOI $45,588 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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Business Placement
Demographics for 75757, TX
13,330
Population
5,826
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
92%
High-School Grad
86.1 sq mi
ZIP Area
155
Density / Sq Mi
$89,382
Median Household Income
$47,480
Median Earnings
$1,151
Median Rent
$277,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Smith County, TX
Properties on Market for Duplexes in Smith County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has an open layout, stainless steel appliances, pantry, and washer and dryer hookups.
Where is this duplex located?
The property is located at 22882 Cr 181 Bullard, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,542‑square‑foot duplex built in 2022; Two residences, each with 3 bedrooms and 2 bathrooms; Separate fenced backyard for each residence
