Two-Unit Duplex with
For Sale
$499,000
2904 S Fielder Road, Arlington, TX 76015
Side-by-side residences offer matching layouts, private carports, separate electric meters, and no HOA restrictions.
Property Size2,994 SF
Days on Market22
Property Features for 2904 S Fielder Road
General Information
Standard status
Active
Size
2,994 SF
Total Parking Spaces
4
Property subtype
Residential Income
Building Details
Building Size
2,994 SF
Year Built
1978
Buildings
2904
Stories
2
Units
2
Listing Agency:
Vanja Gaither, Broker
(817) 449-8080
Listed By:
Vanja Gaither
(817) 449-8080
Source:
Fullhouserealtytx
Added: Aug 9
Changed: Aug 30
Last Checked: Aug 30 at 12:05AM
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 Vanja Gaither, Broker
Investment Insights
Based on property information with market context.
Built in 1978, this duplex includes two similarly configured residences, each with three bedrooms, two-and-a-half bathrooms, a large living room with fireplace, and an updated kitchen featuring granite countertops. Both units also have dedicated laundry rooms with full-size washer and dryer connections and a two-car carport.
The property uses separate electric meters, while water and sewer are billed through one shared meter; tenants reimburse the owner for those utility costs. Unit 2904 received new interior and exterior HVAC equipment in July 2026. Unit 2906 is vacant for showings, and the occupant of 2904 is scheduled to move out on August 2, 2026.
The duplex is within walking distance of Gunn Middle School, near The Parks Mall and area shopping, dining, entertainment, and fitness options. I-20 provides convenient regional access.
The property uses separate electric meters, while water and sewer are billed through one shared meter; tenants reimburse the owner for those utility costs. Unit 2904 received new interior and exterior HVAC equipment in July 2026. Unit 2906 is vacant for showings, and the occupant of 2904 is scheduled to move out on August 2, 2026.
The duplex is within walking distance of Gunn Middle School, near The Parks Mall and area shopping, dining, entertainment, and fitness options. I-20 provides convenient regional access.
Key Highlights
- Two residences with matching three‑bedroom, 2.5‑bath layouts
- Each unit includes a two‑car carport and separate electric meter
- New HVAC inside and outside installed in July 2026 in unit 2904
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,400
$588.4K
Cap Rate 7%
$420,286
$420.3K
Cap Rate 9%
$326,889
$326.9K
Market Conditions
NOI Build-Up for 2,994 SF
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.
Gross rent
$45.6K $15.24/SF
− Vacancy
−$3.6K −$1.20/SF
EGI
$42.0K $14.04/SF
− OpEx
−$12.6K −$4.21/SF
NOI
$29.4K $9.83/SF
Area
Arlington, TX
Vacancy
7.89%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,400
Cap Rate 7%
$420,286
Cap Rate 9%
$326,889
Alternative Uses
Best Use
Multifamily LT 5
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$331.3K
$289.9K – $386.6K
NOI $23,194 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$882.8K
$772.5K – $1.03M
NOI $61,796 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
Explore this area
Business Placement
Demographics for 76015, TX
17,185
Population
7,027
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
3,997
Density / Sq Mi
$70,912
Median Household Income
$37,835
Median Earnings
$1,608
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side residences offer matching layouts, private carports, separate electric meters, and no HOA restrictions.
Where is this duplex located?
The property is located at 2904 S Fielder Road Arlington, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences with matching three‑bedroom, 2.5‑bath layouts; Each unit includes a two‑car carport and separate electric meter; New HVAC inside and outside installed in July 2026 in unit 2904
