Single-Story Duplex with
For Sale
$494,500
345-347 Schirra Court, Lavon, TX 75166
Fully occupied duplex with two residential units, private fenced yards, and separate attached garages.
Property Size2,414 SF
Price / SF$204.85
Days on Market55
Property Features for 345-347 Schirra Court
General Information
Standard status
Active
Size
2,414 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2009
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Citywide Real Estate and Prope
(972) 772-4999
Listed By:
JoAnn Campbell · License #0463948
(214) 697-2078
Source:
Lonestarluxuryrealty
Added: Aug 23
Changed: Oct 4
Last Checked: Oct 15 at 12:03AM
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 Citywide Real Estate and Prope
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story duplex at 345-347 Schirra Court contains two residential units totaling 2,414 square feet. Each side offers 3 bedrooms, 2 full bathrooms, an open-concept living area, upgraded fixtures, walk-in closets, and a dedicated utility room. Private fenced backyards include full sprinkler systems, while separate attached garages provide 4 total parking spaces. Built in 2009, the property is currently tenant-occupied and has 100% occupancy.
Residents have access to the Grand Heritage Club, including a resort-style pool, splash pad, 24-hour fitness center, clubhouse, and business center. The community also includes parks, jogging trails, and fishing ponds, with recreational access near Lake Lavon. Highways 78 and 205 provide connections to Wylie, Rockwall, and Plano.
Residents have access to the Grand Heritage Club, including a resort-style pool, splash pad, 24-hour fitness center, clubhouse, and business center. The community also includes parks, jogging trails, and fishing ponds, with recreational access near Lake Lavon. Highways 78 and 205 provide connections to Wylie, Rockwall, and Plano.
Key Highlights
- Two‑unit duplex totaling 2,414 square feet
- Each unit includes 3 bedrooms and 2 full bathrooms
- 100% occupancy with both units currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,447
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,940
$848.9K
Cap Rate 7%
$606,386
$606.4K
Cap Rate 9%
$471,633
$471.6K
Market Conditions
NOI Build-Up for 2,414 SF
Gross rent
$67.5K $27.96/SF
− Vacancy
−$6.9K −$2.84/SF
EGI
$60.6K $25.12/SF
− OpEx
−$18.2K −$7.54/SF
NOI
$42.4K $17.58/SF
Area
Collin County, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,940
Cap Rate 7%
$606,386
Cap Rate 9%
$471,633
Alternative Uses
Best Use
Multifamily LT 5
$606.4K
$530.6K – $707.5K
NOI $42,447 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$524.4K
$458.8K – $611.8K
NOI $36,707 @ 7.0% cap · market cap 7.42%
Theoretical Best
Industrial
$2.40M
$2.10M – $2.80M
NOI $167,909 @ 7.0% cap · market cap 33.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 75166, TX
5,457
Population
2,186
Households
2.5
Avg Household Size
35
Median Age
36%
College-Educated
96%
High-School Grad
12.9 sq mi
ZIP Area
423
Density / Sq Mi
$129,130
Median Household Income
$60,916
Median Earnings
$1,780
Median Rent
$385,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two residential units, private fenced yards, and separate attached garages.
Where is this duplex located?
The property is located at 345-347 Schirra Court Lavon, TX.
What is the asking price?
The asking price for this property is $494,500.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,414 square feet; Each unit includes 3 bedrooms and 2 full bathrooms; 100% occupancy with both units currently tenant‑occupied
