Modern Duplex with Private
For Sale
$379,000
Pending
2910 Bourland Street, Greenville, TX 75401
Newly built duplex offers open, light-filled interiors with updated finishes and private wood-fenced outdoor space.
Property Size2,137 SF
Days on Market129
Property Features for 2910 Bourland Street
General Information
Standard status
Pending
Size
2,137 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
private fenced backyard
Ceiling Fan(s), Central Air, Electric
Central, Electric
Ceramic Tile, Luxury Vinyl Plank
Dishwasher, Disposal, Electric Range, Microwave
Decorative Lighting
No
Composition
One
Wood
Covered Patio/Porch, Rain Gutters, Lighting, Private Yard
1
Slab
Builder
2
Siding
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Texas Urban Living Realty
Listed By:
Jessica Miller · License #0702589
(972) 816-0004
Source:
Compass
Added: May 2
Changed: Aug 8
Last Checked: Jul 26 at 1:42PM
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 Texas Urban Living Realty
Investment Insights
Based on property information with market context.
This newly built modern duplex features open, light-filled layouts in both units, with light-toned luxury vinyl plank flooring throughout and crisp white walls. Matte black hardware and stylish accent lighting complement the contemporary look inside. Each kitchen is equipped with white marbled quartz countertops, classic shaker-style cabinetry, and stainless steel appliances.
Both units also include private backyards enclosed by wood fencing, creating dedicated outdoor space.
Offered for sale at 2910 Bourland Street in Greenville, TX, the property has no HOA restrictions, making it a straightforward option for buyers seeking an income-producing duplex setup.
Both units also include private backyards enclosed by wood fencing, creating dedicated outdoor space.
Offered for sale at 2910 Bourland Street in Greenville, TX, the property has no HOA restrictions, making it a straightforward option for buyers seeking an income-producing duplex setup.
Key Highlights
- Newly built 2‑unit duplex (1 story) built in 2026 with slab foundation and siding exterior
- Each unit includes central air and central electric heating
- Open, light‑filled interiors with luxury vinyl plank and ceramic tile flooring
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
$32,495
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
8.57%
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%
$649,900
$649.9K
Cap Rate 7%
$464,214
$464.2K
Cap Rate 9%
$361,056
$361.1K
Market Conditions
NOI Build-Up for 2,137 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
$66.2K $30.96/SF
− Vacancy
−$7.1K −$3.31/SF
EGI
$59.1K $27.65/SF
− OpEx
−$26.6K −$12.44/SF
NOI
$32.5K $15.21/SF
Area
Hunt County, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$649,900
Cap Rate 7%
$464,214
Cap Rate 9%
$361,056
Alternative Uses
Best Use
Multifamily LT 5
$536.8K
$469.7K – $626.3K
NOI $37,576 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$464.2K
$406.2K – $541.6K
NOI $32,495 @ 7.0% cap · market cap 8.57%
Theoretical Best
Industrial
$2.12M
$1.86M – $2.48M
NOI $148,642 @ 7.0% cap · market cap 39.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 75401, TX
19,550
Population
9,067
Households
2.2
Avg Household Size
34
Median Age
14%
College-Educated
82%
High-School Grad
108.1 sq mi
ZIP Area
181
Density / Sq Mi
$57,335
Median Household Income
$33,244
Median Earnings
$1,157
Median Rent
$163,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex offers open, light-filled interiors with updated finishes and private wood-fenced outdoor space.
Where is this duplex located?
The property is located at 2910 Bourland Street Greenville, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Newly built 2‑unit duplex (1 story) built in 2026 with slab foundation and siding exterior; Each unit includes central air and central electric heating; Open, light‑filled interiors with luxury vinyl plank and ceramic tile flooring
