Two-Unit Duplex
For Sale
$389,900
2416 Smith Avenue, Irving, TX 75061
ResidentialIncome, Irving, TX
Property Size1,550 SF
Lot Size0.32 Acres
Price / SF$251.55
Days on Market147
Property Features for 2416 Smith Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking
4
Parking features
Driveway
Appliances
ElectricRange
Subdivision
Jesse Moon Surv Abs #879
Elementary school
Gilbert
Middle school
Austin
High school
Irving
Elementary school district
Irving ISD
Middle school district
Irving ISD
High school district
Irving ISD
Directions
from Loop 12 to Grauwyler Rd east then right on Richland the left on Smith Ave
Standard status
Active
APN
65087929040010800
Size
1,550 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
JESSE MOON ABST 879 PG 290 TR 1.8 ACS 0.3225
Tax Annual Amount
4560
Legal Description
JESSE MOON ABST 879 PG 290 TR 1.8 ACS 0.3225
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1885
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile, Hardwood
Building materials
WoodSiding
Roof type
Composition
Listing Agency:
Randall Garrett Real Estate
Listed By:
Randall Garrett · License #0617369
(817) 475-4644
Added: May 16
Changed: Sep 14
Last Checked: Oct 9 at 11:06PM
MLS# 21170867
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.
Investment Insights
Based on property information with market context.
This duplex-classified property includes two houses occupying a 0.322-acre parcel, with a combined property size of 1,550 square feet. The residences feature wood siding, composition roofing, and a mix of hardwood, tile, and carpet flooring. Each house includes bedroom and bathroom areas, while central electric heating and central air conditioning serve the property. An electric range is included, and driveway parking is available.
The property is connected to public water and public sewer systems and was built in 1885. Its two-house configuration supports continued rental use or an owner-occupant arrangement with one residence available for rent. Current rentals are in place, providing an existing income-producing setup.
The property is connected to public water and public sewer systems and was built in 1885. Its two-house configuration supports continued rental use or an owner-occupant arrangement with one residence available for rent. Current rentals are in place, providing an existing income-producing setup.
Key Highlights
- Two houses on a 0.322‑acre lot
- Combined property size of 1,550 square feet
- Duplex‑classified asset with current rental use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,254
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,080
$545.1K
Cap Rate 7%
$389,343
$389.3K
Cap Rate 9%
$302,822
$302.8K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$43.3K $27.96/SF
− Vacancy
−$4.4K −$2.84/SF
EGI
$38.9K $25.12/SF
− OpEx
−$11.7K −$7.54/SF
NOI
$27.3K $17.58/SF
Area
Irving, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,080
Cap Rate 7%
$389,343
Cap Rate 9%
$302,822
Alternative Uses
Best Use
Multifamily LT 5
$389.3K
$340.7K – $454.2K
NOI $27,254 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$336.7K
$294.6K – $392.8K
NOI $23,569 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 75061, TX
55,828
Population
20,187
Households
2.8
Avg Household Size
33
Median Age
17%
College-Educated
66%
High-School Grad
11.6 sq mi
ZIP Area
4,813
Density / Sq Mi
$61,260
Median Household Income
$33,388
Median Earnings
$1,292
Median Rent
$228,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences share one parcel with public utilities, driveway parking, and live-in or rental use potential.
Where is this duplex located?
The property is located at 2416 Smith Avenue Irving, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two houses on a 0.322‑acre lot; Combined property size of 1,550 square feet; Duplex‑classified asset with current rental use
