Single-Story Duplex with Two
For Sale
$275,000
307 Elliott Street, Arlington, TX 76013
Fully leased duplex with single-story units, central heating and air, and driveway parking.
Property Size1,396 SF
Price / SF$196.99
Days on Market12
Property Features for 307 Elliott Street
General Information
Standard status
Active
Size
1,396 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$275,000
Amenities
central heating and air
driveway parking
Building Details
Year Built
1969
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty DPR
(972) 732-6000
Listed By:
David Sawka · License #0435185
(214) 622-1313
Source:
Lonestarluxuryrealty
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 9:20AM
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 Keller Williams Realty DPR
Investment Insights
Based on property information with market context.
Located at 307 Elliott Street in Arlington, this residential income property contains two single-story units, each with two bedrooms, one bathroom, and approximately 698 square feet. Both units include central heating and air, along with driveway parking, and the duplex was built in 1969.
The property is fully leased and forms part of a four-property grouping of side-by-side duplexes totaling 8 units. The surrounding area provides convenient access to the University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, Globe Life Field, shopping, dining, and major thoroughfares. The duplex may be acquired individually or alongside the other properties in the portfolio.
The property is fully leased and forms part of a four-property grouping of side-by-side duplexes totaling 8 units. The surrounding area provides convenient access to the University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, Globe Life Field, shopping, dining, and major thoroughfares. The duplex may be acquired individually or alongside the other properties in the portfolio.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a full duplex
- Approximately 698 square feet per unit
- Fully leased residential income property
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
$13,718
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
4.99%
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%
$274,360
$274.4K
Cap Rate 7%
$195,971
$196.0K
Cap Rate 9%
$152,422
$152.4K
Market Conditions
NOI Build-Up for 1,396 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
$21.3K $15.24/SF
− Vacancy
−$1.7K −$1.20/SF
EGI
$19.6K $14.04/SF
− OpEx
−$5.9K −$4.21/SF
NOI
$13.7K $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%
$274,360
Cap Rate 7%
$195,971
Cap Rate 9%
$152,422
Alternative Uses
Best Use
Multifamily LT 5
$196.0K
$171.5K – $228.6K
NOI $13,718 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$154.5K
$135.2K – $180.3K
NOI $10,815 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$411.6K
$360.2K – $480.2K
NOI $28,813 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Explore this area
Business Placement
Demographics for 76013, TX
36,535
Population
14,431
Households
2.5
Avg Household Size
32
Median Age
43%
College-Educated
91%
High-School Grad
9.0 sq mi
ZIP Area
4,059
Density / Sq Mi
$67,333
Median Household Income
$31,613
Median Earnings
$1,267
Median Rent
$287,000
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 - Fully leased duplex with single-story units, central heating and air, and driveway parking.
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 $275,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a full duplex; Approximately 698 square feet per unit; Fully leased residential income property
