Two-Unit
For Sale
$340,000
2916 Hemphill Street, Greenville, TX 75401
ResidentialIncome, Greenville, TX
Property Size1,820 SF
Lot Size0.12 Acres
Price / SF$186.81
Days on Market98
Property Features for 2916 Hemphill Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 5
Parking
4
Parking features
Garage, Driveway
Interior features
WalkInClosets
Exterior features
Lighting, RainGutters
Appliances
Dishwasher, ElectricRange, Disposal, Microwave
Subdivision
Orig Town Of Greenville
Elementary school
Bowie
Middle school
Greenville
High school
Greenville
Elementary school district
Greenville ISD
Middle school district
Greenville ISD
High school district
Greenville ISD
Directions
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Standard status
Active
APN
71809
Size
1,820 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
S4385 ORIG TOWN OF GREENVILLE BLK 215 LOT 5 A
Tax Annual Amount
597
Legal Description
S4385 ORIG TOWN OF GREENVILLE BLK 215 LOT 5 A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Amenities
washer/dryer connections
private yard
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet, Vinyl
Roof type
Composition
Listing Agency:
Texas Urban Living Realty
Listed By:
Jess Miller Miller
(214) 823-7783
Added: Jul 17
Changed: Oct 20
Last Checked: Oct 22 at 3:06PM
MLS# 21291220
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,820 square feet, with each unit offering three bedrooms, two bathrooms, washer and dryer connections, walk-in closets, and private yard space. Interior features include vinyl, carpet, and tile flooring, electric central heating and cooling, ceiling fans, and kitchens equipped with a microwave, electric range, dishwasher, and disposal. The property also includes rain gutters, exterior lighting, a composition roof, and garage and driveway parking.
The 0.115-acre corner lot is served by public water and public sewer. Downtown Greenville is approximately a 4 minute drive away, while Rockwall is about 30 minutes from the property. The address is 2916 Hemphill Street, Greenville, TX 75401.
The 0.115-acre corner lot is served by public water and public sewer. Downtown Greenville is approximately a 4 minute drive away, while Rockwall is about 30 minutes from the property. The address is 2916 Hemphill Street, Greenville, TX 75401.
Key Highlights
- Two residential units, each with 3 bedrooms and 2 bathrooms
- 1,820 square feet on a 0.115‑acre corner lot
- Private yard space provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,675
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,500
$553.5K
Cap Rate 7%
$395,357
$395.4K
Cap Rate 9%
$307,500
$307.5K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$56.3K $30.96/SF
− Vacancy
−$6.0K −$3.31/SF
EGI
$50.3K $27.65/SF
− OpEx
−$22.6K −$12.44/SF
NOI
$27.7K $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 Rate 5%
$553,500
Cap Rate 7%
$395,357
Cap Rate 9%
$307,500
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.0K – $533.4K
NOI $32,002 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$395.4K
$345.9K – $461.3K
NOI $27,675 @ 7.0% cap · market cap 8.14%
Theoretical Best
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,592 @ 7.0% cap · market cap 37.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot configuration includes separate private yards, garage and driveway parking, and no owners’ association.
Where is this duplex located?
The property is located at 2916 Hemphill Street Greenville, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms and 2 bathrooms; 1,820 square feet on a 0.115‑acre corner lot; Private yard space provided for each unit
