New Construction Duplex Income
406 Indiana Street Arlington, TX 76011
New
406 Indiana Street, Arlington, TX, 76011
$679,900
For Sale
$679,900
New duplex with two 3-bedroom, 2-bath units, each including a 2-car garage and zoning allowing short- and long-term rentals.
Property Size2,566 SF
Price / SF$264.96
Days on Market2
Property Features for 406 Indiana Street
General Information
- Standard status
- Active
- Size
- 2,566 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2026
Listing agency
Espinoza Realty Group, LLC
(817) 733-6397
Listed by
Fernando Espinoza · License #0561493
Source
Nilesrealtygroup
Added: Jul 20 Updated: Jul 21 at 9:02AM Checked: Jul 21 at 9:02AM
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 Espinoza Realty Group, LLC
Investment Insights
Based on property information with market context.
New construction duplex designed for flexible rental use. The property includes two separate units, each featuring approximately 1,283 square feet with a 3-bedroom, 2 full-bath layout. Each side also has its own 2-car garage, providing convenient dedicated parking.
Located in Arlington, the duplex is positioned minutes from AT&T Stadium, Globe Life Field, Texas Live!, Six Flags, and Hurricane Harbor. Convenient access to I-30 and major thoroughfares supports commuting between Dallas and Fort Worth, with nearby shopping, dining, and entertainment for everyday convenience.
This zoning configuration allows both short-term and long-term rentals, supporting a range of occupancy strategies for owner-occupants or investors seeking rental income.
Located in Arlington, the duplex is positioned minutes from AT&T Stadium, Globe Life Field, Texas Live!, Six Flags, and Hurricane Harbor. Convenient access to I-30 and major thoroughfares supports commuting between Dallas and Fort Worth, with nearby shopping, dining, and entertainment for everyday convenience.
This zoning configuration allows both short-term and long-term rentals, supporting a range of occupancy strategies for owner-occupants or investors seeking rental income.
Key Highlights
- New construction duplex built in 2026 with two 3‑bedroom, 2‑bath units
- Each unit offers approx. 1,283 SF and includes a 2‑car garage
- Zoning allows both short‑term and long‑term rentals
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 | $39.1k | $15.24 |
| − Vacancy | −$3.1k | −$1.20 |
| EGI | $36.0k | $14.04 |
| − OpEx | −$10.8k | −$4.21 |
| NOI | $25.2k | $9.83 |
2,566 SF · lease $15.24/SF/yr · vacancy 7.89% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.2K
$315.2K – $420.2K
NOI $25,214 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.3K
NOI $19,878 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$756.6K
$662.0K – $882.7K
NOI $52,962 @ 7.0% cap · market cap 7.79%
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 - New duplex with two 3-bedroom, 2-bath units, each including a 2-car garage and zoning allowing short- and long-term rentals.
Where is this duplex located?
The property is located at 406 Indiana Street Arlington, TX.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: New construction duplex built in 2026 with two 3‑bedroom, 2‑bath units; Each unit offers approx. 1,283 SF and includes a 2‑car garage; Zoning allows both short‑term and long‑term rentals
