Half-Duplex Multifamily
For Sale
$180,000
2433 Limestone Dr, Arlington, TX 76014
Half-duplex residence with a brand-new roof, month-to-month tenancy, and convenient access to SH 360 and I-20.
Property Size1,210 SF
Price / SF$148.76
Days on Market87
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Property Features for 2433 Limestone Dr
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Multi-Family
Financials
Gross Income
$19,920
Average Monthly Rent
$1,660
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1982
Tenancy
Single
Listing Agency:
Randall Garrett Real Estate
Listed By:
Randall Garrett, Ana Garrett
Source:
Allcitiesusa
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 7 at 1:37PM
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 Randall Garrett Real Estate
Investment Insights
Based on property information with market context.
This half-duplex multifamily property at 2433 Limestone Dr in Arlington offers 1,210 square feet with 2 bedrooms and 2 baths. Built in 1982, the residence has a brand-new roof and is occupied by tenants on month-to-month agreements.
The property is positioned near SH 360, with I-20 only a couple of minutes away for regional access. Its residential layout supports continued rental use or owner occupancy, subject to the buyer’s plans and applicable requirements.
The property is positioned near SH 360, with I-20 only a couple of minutes away for regional access. Its residential layout supports continued rental use or owner occupancy, subject to the buyer’s plans and applicable requirements.
Key Highlights
- Half‑duplex with 1,210 SF of living area
- 2 bedrooms and 2 baths
- Brand‑new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,122
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,440
$262.4K
Cap Rate 7%
$187,457
$187.5K
Cap Rate 9%
$145,800
$145.8K
Market Conditions
NOI Build-Up for 1,210 SF
Gross rent
$26.7K $22.08/SF
− Vacancy
−$2.9K −$2.36/SF
EGI
$23.9K $19.72/SF
− OpEx
−$10.7K −$8.87/SF
NOI
$13.1K $10.84/SF
Area
ZIP 76014
Vacancy
10.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,440
Cap Rate 7%
$187,457
Cap Rate 9%
$145,800
Alternative Uses
Best Use
Apartment 5plus
$187.5K
$164.0K – $218.7K
NOI $13,122 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$320.7K
$280.6K – $374.2K
NOI $22,451 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 76014, TX
35,954
Population
11,274
Households
3.2
Avg Household Size
32
Median Age
18%
College-Educated
76%
High-School Grad
5.7 sq mi
ZIP Area
6,308
Density / Sq Mi
$63,196
Median Household Income
$34,129
Median Earnings
$1,516
Median Rent
$217,600
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Half-duplex residence with a brand-new roof, month-to-month tenancy, and convenient access to SH 360 and I-20.
Where is this multifamily property located?
The property is located at 2433 Limestone Dr Arlington, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Half‑duplex with 1,210 SF of living area; 2 bedrooms and 2 baths; Brand‑new roof
