515 Gibbins Court, Arlington, TX 76011
Two-unit duplex with recent updates, including backyard fencing replacement and a tenant storage shed in one unit.
- Added:
- Jun 4, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 20 at 4:52 am
Property Features for 515 Gibbins Court
General Information
- Standard status
- Active
- Size
- 1,918 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1981
Listing agent STEVE YOUNG License #0410216SA
Listing office RE/MAX Associates of Arlington
Listing date Jun 4, 2026
Source Crexi
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 RE/MAX Associates of Arlington
HighLights
- Two‑unit duplex built in 1981, with both units recently updated
- Backyard fencing replacement completed as part of the recent updates
- 515 includes a tenant storage shed for additional storage
- Tenant at 517 has a lease through 10‑31‑2026; tenant at 515 has a lease through 1‑31‑2027
- Property is located on a cul‑de‑sac street, south of I‑30
Overview
The property is located on a cul-de-sac street, just south of I-30, in Arlington, TX 76011. Based on the current leasing arrangement, the units provide in-place occupancy with a defined lease timeline for each unit.
For buyers seeking residential income property, this duplex offers straightforward tenant tenure, with unit 517 leased through 10-31-2026 and unit 515 leased through 1-31-2027. Owner financing is an option to consider, and the current leases may appeal to investors looking for an established rental schedule rather than immediate turnover. Please note that tenant-owned items, such as the refrigerator in unit 517, remain with the occupant at lease end.
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 | $29.2k | $15.24 |
| − Vacancy | −$2.3k | −$1.20 |
| EGI | $26.9k | $14.04 |
| − OpEx | −$8.1k | −$4.21 |
| NOI | $18.8k | $9.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1123255
- Latitude
- 32.7560362
