Tenant-Leased Duplex
404 South White Oak Road White Oak, TX 75693
404 South White Oak Road, White Oak, TX, 75693
$329,900
For Sale
$329,900
Well-maintained duplex with two leased units, each offering 3 bedrooms and 2 bathrooms.
Property Size2,808 SF
Price / SF$117.49
Days on Market149
Property Features for 404 South White Oak Road
General Information
- Standard status
- Active
- Size
- 2,808 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2003
Listing agency
Elite Group Real Estate
(903) 720-0670
Listed by
Stephanie McKinney · License #0464886
Source
Compass
Added: Feb 24 Updated: Jul 22 at 7:21AM Checked: Jul 22 at 7:21AM
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 Elite Group Real Estate
Investment Insights
Based on property information with market context.
This tenant-occupied duplex is well maintained and includes two separate, leased units. Each side provides a 3-bedroom, 2-bathroom layout with spacious living areas.
The property is conveniently located near White Oak schools, with close access to a park and splash pad.
The duplex is offered for sale with both units currently leased, providing immediate rental income. Showings are available by appointment only.
The property is conveniently located near White Oak schools, with close access to a park and splash pad.
The duplex is offered for sale with both units currently leased, providing immediate rental income. Showings are available by appointment only.
Key Highlights
- Duplex built in 2003 with 2 units, each featuring 3 bedrooms and 2 bathrooms
- Both units are currently leased (tenant‑occupied), providing immediate rental income
- Central electric heating and central electric cooling
Local 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 | $34.7k | $12.36 |
| − Vacancy | −$2.1k | −$0.75 |
| EGI | $32.6k | $11.61 |
| − OpEx | −$9.8k | −$3.48 |
| NOI | $22.8k | $8.13 |
2,808 SF · lease $12.36/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.0K
$285.2K – $380.3K
NOI $22,818 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$299.9K
$262.4K – $349.8K
NOI $20,990 @ 7.0% cap · market cap 6.36%
Theoretical Best
Hotel Hospitality
$2.12M
$1.85M – $2.47M
NOI $148,052 @ 7.0% cap · market cap 44.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two leased units, each offering 3 bedrooms and 2 bathrooms.
Where is this duplex located?
The property is located at 404 South White Oak Road White Oak, TX.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex built in 2003 with 2 units, each featuring 3 bedrooms and 2 bathrooms; Both units are currently leased (tenant‑occupied), providing immediate rental income; Central electric heating and central electric cooling
