Fully Leased Duplex with
356 Schirra Court Lavon, TX 75166
For Sale
$474,900
One-story duplex features two units with three bedrooms, two full bathrooms, fenced backyards, and private side patios.
Property Size2,404 SF
Price / SF$197.55
Days on Market28
Property Features for 356 Schirra Court
General Information
- Standard status
- Active
- Size
- 2,404 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2010
Listing Agency:
Ebby Halliday, Realtors
(214) 532-2438
Listed By:
Johanna Mattox · License #0630948
(214) 532-2438
Source:
Compass
Added: Jun 26
Changed: Jul 21
Last Checked: Jul 23 at 8:32AM
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 Ebby Halliday, Realtors
Investment Insights
Based on property information with market context.
This fully leased duplex offers two one-story residences at 356–358 Schirra Court. Each unit includes three bedrooms and two full bathrooms, along with a full two-car garage. Outdoor space includes a private side patio and a fenced backyard for each unit.
The property is situated on a quiet cul-de-sac in the Grand Heritage community of Lavon. Community amenities listed include a resort-style pool, clubhouse, fitness center, parks, playgrounds, and walking trails.
The duplex is presented as a turnkey, income-producing property ready for addition to an investment portfolio.
The property is situated on a quiet cul-de-sac in the Grand Heritage community of Lavon. Community amenities listed include a resort-style pool, clubhouse, fitness center, parks, playgrounds, and walking trails.
The duplex is presented as a turnkey, income-producing property ready for addition to an investment portfolio.
Key Highlights
- One‑story duplex built in 2010 with 2 total units
- Each unit offers 3 bedrooms and 2 full bathrooms
- Each unit includes a full 2‑car garage plus a private side patio
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $27.96 |
| − Vacancy | −$6.8k | −$2.84 |
| EGI | $60.4k | $25.12 |
| − OpEx | −$18.1k | −$7.54 |
| NOI | $42.3k | $17.58 |
2,404 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.9K
$528.4K – $704.5K
NOI $42,271 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$522.2K
$456.9K – $609.3K
NOI $36,555 @ 7.0% cap · market cap 7.70%
Theoretical Best
Industrial
$2.39M
$2.09M – $2.79M
NOI $167,213 @ 7.0% cap · market cap 35.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - One-story duplex features two units with three bedrooms, two full bathrooms, fenced backyards, and private side patios.
Where is this duplex located?
The property is located at 356 Schirra Court Lavon, TX.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: One‑story duplex built in 2010 with 2 total units; Each unit offers 3 bedrooms and 2 full bathrooms; Each unit includes a full 2‑car garage plus a private side patio
