Duplex with Two-Bedroom
For Sale
$275,000
311 Elliott Street, Arlington, TX 76013
Both residences are leased and include central heating and air, single-story layouts, and driveway parking.
Property Size1,396 SF
Price / SF$196.99
Days on Market8
Property Features for 311 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
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,422
Building Details
Building Size
1,396 SF
Year Built
1969
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty DPR
Listed By:
Daniel Harker · License #0435185
(469) 717-6391
Source:
Collectivelivingco
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 10:26AM
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
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Investment Insights
Based on property information with market context.
This duplex contains two single-story residences, each with two bedrooms and one bathroom. Each side measures approximately 698 square feet and has central heating and air, plus driveway parking. The building was constructed in 1969 and contains 1,396 square feet in total.
The property is on Elliott Street in Arlington, with the University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, Globe Life Field, shopping, dining, and major thoroughfares described as nearby. Both units are leased. It may be purchased individually or as part of a portfolio of four side-by-side duplexes comprising eight units.
The property is on Elliott Street in Arlington, with the University of Texas at Arlington, Arlington Memorial Hospital, AT&T Stadium, Globe Life Field, shopping, dining, and major thoroughfares described as nearby. Both units are leased. It may be purchased individually or as part of a portfolio of four side-by-side duplexes comprising eight units.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Approximately 698 square feet per side; 1,396 square feet total
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,718
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include central heating and air, single-story layouts, and driveway parking.
Where is this duplex located?
The property is located at 311 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; Approximately 698 square feet per side; 1,396 square feet total; Built in 1969
