2416 Smith Avenue, Irving, TX 75061
MULTI_FAMILY - Irving, TX
- Added:
- May 16, 2026
- Days on Market:
- 53
- Last Refresh:
- Jul 7 at 3:06 am
Property Features for 2416 Smith Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 4
- Parking features
- Driveway
- Appliances
- ElectricRange
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1885
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood, Carpet, Tile
- Building materials
- WoodSiding
- Roof type
- Composition
Listing agent Randall Garrett License #0617369 (817) 475-4644
Listing office Randall Garrett Real Estate Hurst, TX (817) 475-4644
Listing date May 16, 2026
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
- Two houses on one lot—live in one and rent the other
- Current rentals: $1,700/month and $1,600/month
- Year built 1885
- Public water and public sewer
- Central air cooling and central/electric heating
- Wood siding construction with a composition roof
Overview
Located at 2416 Smith Avenue in Irving, Texas (75061) within Dallas County, the arrangement is designed for tenants who want independence within one ownership. With both homes on one lot, the property can be managed as a compact residential income package rather than requiring separate acquisitions.
The two-house configuration supports two common strategies: live in one home and rent the other, or maintain both as investment units. The public remarks also note that there might be investment opportunities tied to a zoning change to unlock greater value with a higher zoning use. For buyers looking for a small, manageable income property in Irving, this layout offers an appealing balance of flexibility and potential upside while maintaining an income-producing foundation today.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.3k | $27.96 |
| − Vacancy | −$4.4k | −$2.84 |
| EGI | $38.9k | $25.12 |
| − OpEx | −$11.7k | −$7.54 |
| NOI | $27.3k | $17.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Irving
- County
- Dallas
- State
- Texas
- Longitude
- -96.908703
- Latitude
- 32.828497
