Turn-Key Duplex Near Austin
514 East Brockett Street Unit 516 Sherman, TX 75090
For Sale
$449,000
Fully equipped duplex, ideal for student housing or short-term rentals.
Property Size3,442 SF
Price / SF$130.45
Days on Market332
Property Features for 514 East Brockett Street Unit 516
General Information
- Standard status
- Active
- Size
- 3,442 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2007
Listing Agency:
Ebby Halliday Realtors
(903) 718-0472
Listed By:
Cherrel Lewis · License #0554462
(903) 718-0472
Source:
Compass
Added: Aug 27, 2025
Changed: Jul 10
Last Checked: Jul 23 at 9:01AM
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 Ebby Halliday Realtors
Investment Insights
Based on property information with market context.
This turn-key duplex is currently 50% leased and offers an investment opportunity. Each side of the duplex features four bedrooms, each with its own ensuite bathroom. Kitchen appliances, including a refrigerator, washer, and dryer, are included. Each bedroom is furnished with a single bed, desk, and closet. The living room includes furniture and a large screen TV, and the kitchen has a table with four chairs. The layout includes three bedrooms and three bathrooms upstairs, and one bedroom and one bathroom downstairs, all with ensuite full bathrooms. The bedrooms range in size from approximately 115-120 square feet on the second floor to 150-175 square feet on the first floor. Each bedroom and the living room are equipped with a ceiling fan. Located approximately one mile from Austin College, it is also close to Hwy 75. The property is suitable for student housing, Airbnb, corporate housing, or use as a personal family residence. The property size is 3442 square feet.
Key Highlights
- Turn‑key rental property, currently 50% leased.
- Each of the four bedrooms features its own ensuite full bathroom.
- Fully furnished, including kitchen appliances, beds, desks, living room furniture, and a large screen TV.
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 | $42.5k | $12.36 |
| − Vacancy | −$4.8k | −$1.41 |
| EGI | $37.7k | $10.95 |
| − OpEx | −$11.3k | −$3.29 |
| NOI | $26.4k | $7.67 |
3,442 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$334.1K
$292.4K – $389.8K
NOI $23,390 @ 7.0% cap · market cap 5.21%
Theoretical Best
Hotel Hospitality
$1.77M
$1.55M – $2.06M
NOI $123,602 @ 7.0% cap · market cap 27.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully equipped duplex, ideal for student housing or short-term rentals.
Where is this duplex located?
The property is located at 514 East Brockett Street Unit 516 Sherman, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Turn‑key rental property, currently 50% leased.; Each of the four bedrooms features its own ensuite full bathroom.; Fully furnished, including kitchen appliances, beds, desks, living room furniture, and a large screen TV.
