Updated Duplex with Two 3-Bedroom
For Sale
$390,000
3425 and 3427 Republic Drive, Forest Hill, TX 76140
Two residences offer matching three-bedroom layouts, private primary baths, laundry connections, and direct backyard access.
Property Size2,600 SF
Lot Size0.21 Acres
Price / SF$150
Days on Market48
Property Features for 3425 and 3427 Republic Drive
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
4
Lot size
0.21 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Furnished
No
Highway Access
Yes
Building Details
Year Built
1986
Listing Agency:
Great Real Estate, Inc.
(214) 532-4009
Listed By:
Maria Madigan · License #0592131
(682) 433-6716
Source:
Lonestarluxuryrealty
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 28 at 8:17AM
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 Great Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This duplex includes approximately 2,600 SF of total living space on a 9,264 SF lot, with both 3425 and 3427 Republic Drive included in the sale. Each unit has 3 bedrooms, 2 full bathrooms, a living room, dining area adjoining the kitchen, pantry, linen storage, and full-size washer and dryer connections. Primary suites include private baths and backyard access. A concrete rear driveway provides parking for four vehicles.
The property is located in Forest Hill and falls within Everman ISD, with access to I-20 and I-35. Built in 1986, the duplex is being sold AS-IS. The right unit at 3427 Republic is vacant and available for showing; access to 3425 Republic is restricted until an accepted contract.
The property is located in Forest Hill and falls within Everman ISD, with access to I-20 and I-35. Built in 1986, the duplex is being sold AS-IS. The right unit at 3427 Republic is vacant and available for showing; access to 3425 Republic is restricted until an accepted contract.
Key Highlights
- Approximately 2,600 SF of total living space on a 9,264 SF lot
- Two units, each with 3 bedrooms and 2 full bathrooms
- Concrete back driveway with parking for four vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,586
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,720
$391.7K
Cap Rate 7%
$279,800
$279.8K
Cap Rate 9%
$217,622
$217.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$31.5K $12.12/SF
− Vacancy
−$3.5K −$1.36/SF
EGI
$28.0K $10.76/SF
− OpEx
−$8.4K −$3.23/SF
NOI
$19.6K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,720
Cap Rate 7%
$279,800
Cap Rate 9%
$217,622
Alternative Uses
Best Use
Multifamily LT 5
$279.8K
$244.8K – $326.4K
NOI $19,586 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.8K
NOI $17,027 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
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Business Placement
Demographics for 76140, TX
32,623
Population
10,705
Households
3
Avg Household Size
32
Median Age
18%
College-Educated
79%
High-School Grad
27.3 sq mi
ZIP Area
1,195
Density / Sq Mi
$73,215
Median Household Income
$37,780
Median Earnings
$1,590
Median Rent
$207,800
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 - Two residences offer matching three-bedroom layouts, private primary baths, laundry connections, and direct backyard access.
Where is this duplex located?
The property is located at 3425 and 3427 Republic Drive Forest Hill, TX.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Approximately 2,600 SF of total living space on a 9,264 SF lot; Two units, each with 3 bedrooms and 2 full bathrooms; Concrete back driveway with parking for four vehicles
