Two-Story Duplex
375 Orbit Drive Lavon, TX 75166
For Sale
$489,000
Full two-story duplex with both sides tenant occupied, offering residential income in Lavon.
Property Size2,724 SF
Price / SF$179.52
Days on Market72
Property Features for 375 Orbit Drive
General Information
- Standard status
- Active
- Size
- 2,724 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2013
Listing Agency:
Ebby Halliday, Realtors
(214) 532-2438
Listed By:
Johanna Mattox · License #0630948
(214) 532-2438
Source:
Compass
Added: May 13
Changed: Jul 22
Last Checked: Jul 22 at 12:03PM
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 full two-story duplex includes two tenant-occupied sides, providing residential income through existing occupancy. The property is described as having comfortable living spaces and functional layouts on each side.
The duplex is located in Lavon, TX, in Collin County. The area is noted for access to community amenities including a resort-style pool, fitness center, clubhouse/community center, playgrounds, parks, and walking areas, along with proximity to schools, shopping, dining, and major commuter routes.
The offering is positioned as an investment with potential flexibility for an owner-occupant, while maintaining the ability to rent one or both sides based on future needs.
The duplex is located in Lavon, TX, in Collin County. The area is noted for access to community amenities including a resort-style pool, fitness center, clubhouse/community center, playgrounds, parks, and walking areas, along with proximity to schools, shopping, dining, and major commuter routes.
The offering is positioned as an investment with potential flexibility for an owner-occupant, while maintaining the ability to rent one or both sides based on future needs.
Key Highlights
- Full two‑story duplex in Lavon with 2 total units; both sides are currently tenant occupied
- Built in 2013 with brick and frame construction and slab foundation
- Each unit includes central electric HVAC, ceiling fans, and window coverings
Financial Insights For Apartment 5plus
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 | $84.3k | $30.96 |
| − Vacancy | −$9.0k | −$3.31 |
| EGI | $75.3k | $27.65 |
| − OpEx | −$33.9k | −$12.44 |
| NOI | $41.4k | $15.21 |
2,724 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$684.2K
$598.7K – $798.3K
NOI $47,897 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$591.7K
$517.8K – $690.4K
NOI $41,421 @ 7.0% cap · market cap 8.47%
Theoretical Best
Industrial
$2.71M
$2.37M – $3.16M
NOI $189,471 @ 7.0% cap · market cap 38.75%
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 - Full two-story duplex with both sides tenant occupied, offering residential income in Lavon.
Where is this duplex located?
The property is located at 375 Orbit Drive Lavon, TX.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Full two‑story duplex in Lavon with 2 total units; both sides are currently tenant occupied; Built in 2013 with brick and frame construction and slab foundation; Each unit includes central electric HVAC, ceiling fans, and window coverings
