Side-by-Side Duplex Rental
307 Elliott Street Arlington, TX 76013
For Sale
$300,000
Rental portfolio of 8 side-by-side units across four duplex addresses, fully leased with most leases expiring May 2026.
Property Size1,396 SF
Price / SF$214.90
Days on Market238
Property Features for 307 Elliott Street
General Information
- Standard status
- Active
- Size
- 1,396 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1969
Listing Agency:
TX Life Realty
(817) 658-4914
Listed By:
Dalton Carroll · License #0667144
(817) 658-4914
Source:
Compass
Added: Nov 28, 2025
Changed: Jul 23
Last Checked: Jul 24 at 12:41PM
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 TX Life Realty
Investment Insights
Based on property information with market context.
This rental portfolio consists of 8 total units configured as four full duplexes side by side. The portfolio is currently fully leased, with 7 of the leases expiring in May 2026.
The duplex addresses included are 303 Elliott, 307 Elliott, 311 Elliott, and 317 Elliott Street. The property is described as being minutes from University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, and GlobeLife Field.
Individual MLS references are provided for the included duplex properties: 21115610, 21121707, 21121943, and 21121945. The offering is listed under a duplex portfolio for sale transaction.
The duplex addresses included are 303 Elliott, 307 Elliott, 311 Elliott, and 317 Elliott Street. The property is described as being minutes from University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, and GlobeLife Field.
Individual MLS references are provided for the included duplex properties: 21115610, 21121707, 21121943, and 21121945. The offering is listed under a duplex portfolio for sale transaction.
Key Highlights
- Rental portfolio includes 8 total side‑by‑side units across four duplex addresses: 303 Elliott, 307 Elliott, 311 Elliott, and 317 Elliott.
- All units are fully leased; 7 of the leases expire in May 2026.
- Each unit is listed at $300k for a total portfolio figure of $1.2M (per provided remarks).
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 | $21.3k | $15.24 |
| − Vacancy | −$1.7k | −$1.20 |
| EGI | $19.6k | $14.04 |
| − OpEx | −$5.9k | −$4.21 |
| NOI | $13.7k | $9.83 |
1,396 SF · lease $15.24/SF/yr · vacancy 7.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.0K
$171.5K – $228.6K
NOI $13,718 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,815 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$411.6K
$360.2K – $480.2K
NOI $28,813 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Rental portfolio of 8 side-by-side units across four duplex addresses, fully leased with most leases expiring May 2026.
Where is this duplex located?
The property is located at 307 Elliott Street Arlington, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Rental portfolio includes 8 total side‑by‑side units across four duplex addresses: 303 Elliott, 307 Elliott, 311 Elliott, and 317 Elliott.; All units are fully leased; 7 of the leases expire in May 2026.; Each unit is listed at $300k for a total portfolio figure of $1.2M (per provided remarks).
