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    Luxury Duplex Property Title is generated by Realmo AI

    4027-4029 Clovis Street, Midlothian, TX 76065

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    New
    For Sale
    $699,000

    MULTI_FAMILY - Midlothian, TX

    Property size:
    3,306 SF
    Lot size:
    1.01 Acres
    Price / SF:
    $211/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 4027-4029 Clovis Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6
    Parking
    2
    Parking features
    Open, Garage
    Interior features
    DoubleVanity, GraniteCounters, KitchenIsland, Pantry, WalkInClosets
    Fencing
    Fenced
    Appliances
    Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave
    Standard status
    Active
    APN
    309675
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Description
    LOT 15 BLK C EDGEWOOD ESTS 1.093 AC

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Brick, StoneVeneer, WoodSiding
    Roof type
    Composition

    We can help!

    Listing Contact
    Erion Shehaj

    Listing agent Erion Shehaj License #0516948

    Listing office Signature Real Estate Houston, TX

    Listing date Jun 5, 2026

    MLS# 21292903 Listing URL

    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.

    HighLights

    • Under construction 2025 luxury duplex on a 1‑acre lot, featuring two 1653 SF units
    • Each unit offers 4 bedrooms, 2 bathrooms, and a 2‑car garage on one level
    • Each unit includes a covered patio and a fenced backyard
    • Interiors feature granite counters, kitchen island, pantry, walk‑in closets, and double vanity bathrooms
    • Utilities/amenities listed include electric heating and electric cooling; roof is composition and exterior includes brick/stone veneer/wood siding
    • Seller remarks cite proven rents of $2,450 per month per unit and 5% property management

    Overview

    This new-construction duplex is designed for owner-occupants and investors, with two separate units on one level. Each unit is 1,653 square feet and includes four bedrooms, two bathrooms, an attached two-car garage, a covered patio, and a fenced-in backyard. The property is situated on a 1.005-acre lot, supporting a residential income setup with outdoor space for both tenants.

    The duplex is located at 4027–4029 Clovis Street in Midlothian, Texas, in Ellis County. It is zoned for Waxahachie ISD. The area is described as being within approximately 8–10 minutes of Methodist Midlothian Health and Baylor Scott and White facilities in Waxahachie, along with access to retail and dining in Midlothian and Waxahachie.

    For tenants, the layout provides full-size residential living with garages and private outdoor areas for each unit. For buyers, the property supports a straightforward duplex operation with property management already in place at a 5% rate, and the remarks cite proven rents of $2,450 per month per unit during peak leasing season.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.9413903
    Latitude
    32.4075484

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    FAQs

    What type of property is this?
    Duplex - Newly constructed duplex offers two four-bedroom units with covered patios, fenced yards, and attached two-car garages.
    Where is this duplex located?
    The property is located at 4027-4029 Clovis Street Midlothian, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Under construction 2025 luxury duplex on a 1‑acre lot, featuring two 1653 SF units; Each unit offers 4 bedrooms, 2 bathrooms, and a 2‑car garage on one level; Each unit includes a covered patio and a fenced backyard
    (713) 952-3200
    We can help!
    Listing Contact
    Erion Shehaj
    Real Estate License ID: 0516948
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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