Duplex with 3-Bedroom
For Sale
$375,000
3425 and 3427 Republic Drive, Forest Hill, TX 76140
ResidentialIncome, Forest Hill, TX
Property Size2,600 SF
Lot Size0.09 Acres
Price / SF$144.23
Days on Market50
Property Features for 3425 and 3427 Republic Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Parking features
Assigned
Interior features
HighSpeedInternet, OpenFloorplan, Pantry, CableTv, WalkInClosets
Fencing
Fenced
Fireplace
1
Appliances
ElectricRange, Microwave, Refrigerator
Subdivision
Heritage Heights Add
Elementary school
Ray
Middle school
Dan Powell,Everman
High school
Everman
Elementary school district
Everman ISD
Middle school district
Everman ISD
High school district
Everman ISD
Directions
I20 to Forest Hill Drive, right on Forest Hill to Republic, right on Republic
Standard status
Active
APN
04768132
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
HERITAGE HEIGHTS ADDITION BLK
Legal Description
HERITAGE HEIGHTS ADDITION BLK
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Brick
Roof type
Shingle
Buildings
1
Listing Agency:
Great Real Estate, Inc.
(214) 532-4009
Listed By:
Maria Madigan · License #0592131
(214) 245-2007
Added: Sep 10
Changed: Oct 24
Last Checked: Oct 29 at 7:06PM
MLS# 21383328
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 brick duplex, built in 1986, contains two residences with approximately 2,600 SF of combined living space. Each unit has three bedrooms, two full bathrooms, a living room, a dining area beside the kitchen, a pantry, and full-size washer and dryer connections. Both primary bedrooms have private attached bathrooms and direct backyard access. A new roof is scheduled by the end of October 2026.
The property occupies a 9,264 SF lot and has a concrete driveway at the rear with parking for four vehicles. It is served by public water and sewer, and the property information identifies Everman ISD and access to I-20 and I-35. One unit is vacant; the other is tenant-occupied.
The property occupies a 9,264 SF lot and has a concrete driveway at the rear with parking for four vehicles. It is served by public water and sewer, and the property information identifies Everman ISD and access to I-20 and I-35. One unit is vacant; the other is tenant-occupied.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Approximately 2,600 SF of combined living space on a 9,264 SF lot
- New roof scheduled by the end of October 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,586
Cap Rate
5.22%
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 5.22%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.8K
NOI $17,027 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two full bathrooms, laundry connections, and distinct living and dining areas.
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 $375,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Approximately 2,600 SF of combined living space on a 9,264 SF lot; New roof scheduled by the end of October 2026
