New Construction Duplex Income
For Sale
$665,000
406 Indiana Street, Arlington, TX 76011
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$259.16
Days on Market24
Property Features for 406 Indiana Street
General Information
Standard status
Active
Size
2,566 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,008
Building Details
Building Size
2,566 SF
Year Built
2026
Tenancy
Multi
Listing Agency:
Espinoza Realty Group, LLC
(817) 733-6397
Listed By:
Fernando Espinoza · License #0561493
Source:
Nilesrealtygroup
Added: Jul 20
Changed: Aug 7
Last Checked: Aug 12 at 3:00PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,280
$504.3K
Cap Rate 7%
$360,200
$360.2K
Cap Rate 9%
$280,156
$280.2K
Market Conditions
NOI Build-Up for 2,566 SF
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.
Gross rent
$39.1K $15.24/SF
− Vacancy
−$3.1K −$1.20/SF
EGI
$36.0K $14.04/SF
− OpEx
−$10.8K −$4.21/SF
NOI
$25.2K $9.83/SF
Area
Arlington, TX
Vacancy
7.89%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,280
Cap Rate 7%
$360,200
Cap Rate 9%
$280,156
Alternative Uses
Best Use
Multifamily LT 5
$360.2K
$315.2K – $420.2K
NOI $25,214 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$284.0K
$248.5K – $331.3K
NOI $19,878 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$756.6K
$662.0K – $882.7K
NOI $52,962 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,576
Businesses Nearby
Explore this area
Business Placement
Demographics for 76011, TX
23,158
Population
11,991
Households
1.9
Avg Household Size
32
Median Age
27%
College-Educated
83%
High-School Grad
8.1 sq mi
ZIP Area
2,859
Density / Sq Mi
$51,910
Median Household Income
$36,580
Median Earnings
$1,266
Median Rent
$218,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $665,000.
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
