Professionally Managed
405-407 South 4th Street Wylie, TX 75098
405-407 South 4th Street, Wylie, TX, 75098
$450,000
For Sale
$450,000
Well-maintained duplex with two individually metered units, private yards, attached one-car garages, and recent exterior and mechanical updates.
Property Size2,442 SF
Price / SF$184.28
Days on Market86
Property Features for 405-407 South 4th Street
General Information
- Standard status
- Active
- Size
- 2,442 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1983
Listing agency
Barnhart Realty Group
(214) 783-6747
Listed by
Russell Page · License #0530652
(214) 783-6747
Source
Compass
Added: Apr 28 Updated: Jul 20 at 5:00PM Checked: Jul 22 at 10:35AM
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 Barnhart Realty Group
Investment Insights
Based on property information with market context.
This professionally managed duplex offers two separate residential units under one roof, each with its own one-vehicle garage and private yard. The left side features a 2-bedroom, 2-bath layout with recent updates, while the right side provides a 3-bedroom, 2-bath configuration with recent improvements.
The property includes a brand-new roof and screens. The 3-bedroom unit has a new HVAC system and ductwork installed in 2019, with hot water heater work completed in 2021. The 2-bedroom unit has a hot water heater installed in 2020 and new HVAC added in 2022, along with a newly sodded backyard on the 2-bedroom side.
Both units are individually metered. Advertised rents are described as current rents, and lease end dates are noted in the private remarks, including a May 2027 expiration and an August 2026 expiration for the respective 2-bedroom lease term.
The property includes a brand-new roof and screens. The 3-bedroom unit has a new HVAC system and ductwork installed in 2019, with hot water heater work completed in 2021. The 2-bedroom unit has a hot water heater installed in 2020 and new HVAC added in 2022, along with a newly sodded backyard on the 2-bedroom side.
Both units are individually metered. Advertised rents are described as current rents, and lease end dates are noted in the private remarks, including a May 2027 expiration and an August 2026 expiration for the respective 2-bedroom lease term.
Key Highlights
- 2‑unit duplex in Wylie: left unit is 2 bed/2 bath with 1‑car garage; right unit is 3 bed/2 bath with 1‑car garage
- Each unit is individually metered and includes a private yard and private entrance
- Brand‑new roof and screens, plus exterior features including covered patio/porch and rain gutters
Local 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 | $75.6k | $30.96 |
| − Vacancy | −$8.1k | −$3.31 |
| EGI | $67.5k | $27.65 |
| − OpEx | −$30.4k | −$12.44 |
| NOI | $37.1k | $15.21 |
2,442 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.4K
$536.7K – $715.7K
NOI $42,939 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$530.5K
$464.2K – $618.9K
NOI $37,133 @ 7.0% cap · market cap 8.25%
Theoretical Best
Industrial
$2.43M
$2.12M – $2.83M
NOI $169,856 @ 7.0% cap · market cap 37.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two individually metered units, private yards, attached one-car garages, and recent exterior and mechanical updates.
Where is this duplex located?
The property is located at 405-407 South 4th Street Wylie, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2‑unit duplex in Wylie: left unit is 2 bed/2 bath with 1‑car garage; right unit is 3 bed/2 bath with 1‑car garage; Each unit is individually metered and includes a private yard and private entrance; Brand‑new roof and screens, plus exterior features including covered patio/porch and rain gutters
