Unfinished Duplex Under
New
For Sale
$375,000
533-535 E Ball Street, Tom Bean, TX 75489
MULTI_FAMILY - Tom Bean, TX
Property Size3,310 SF
Lot Size0.15 Acres
Price / SF$113.29
Days on Market2
Property Features for 533-535 E Ball Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking
4
Parking features
Open
Appliances
Disposal
Subdivision
KENNINGTON ADDITION
Elementary school
Tom Bean
Middle school
Tom Bean
High school
Tom Bean
Elementary school district
Tom Bean ISD
Middle school district
Tom Bean ISD
High school district
Tom Bean ISD
Directions
In Tom Bean from Hwy 11 turn on E Ball Street property on the right
Standard status
Active
APN
436241
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
KENNINGTON ADDITION REPLAT LT 2 3 & 4 LOPEZ A
Tax Annual Amount
4686
Legal Description
KENNINGTON ADDITION REPLAT LT 2 3 & 4 LOPEZ A
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
FiberCement
Roof type
Composition
Listing Agency:
DFW Elite
(214) 642-6969
Listed By:
Sheri Kent · License #0496604
(214) 642-6969
Added: Aug 1
Last Checked: Aug 2 at 1:06PM
MLS# 21347741
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unfinished duplex under construction in Tom Bean, TX, built for two matching units. Each side is a three-bedroom, two-and-a-half-bath layout with 1,655 SF per unit. The property is currently in construction status and is slated for a 2026 year built. Building materials include fiber-cement, and the roof is composition.
Each side ties into public water and public sewer. Appliances include a disposal. Parking is provided as open parking. The builder must sell the duplex either as-is in its current condition or finished out for an additional cost to the buyer.
As planned, this duplex configuration supports an owner seeking two separate, similarly sized residential units once construction is complete.
Each side ties into public water and public sewer. Appliances include a disposal. Parking is provided as open parking. The builder must sell the duplex either as-is in its current condition or finished out for an additional cost to the buyer.
As planned, this duplex configuration supports an owner seeking two separate, similarly sized residential units once construction is complete.
Key Highlights
- Under construction duplex with two matching units
- Each side offers three bedrooms and two‑and‑a‑half baths
- 1,655 SF per unit
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 | $40.9k | $12.36 |
| − Vacancy | −$4.7k | −$1.41 |
| EGI | $36.2k | $10.95 |
| − OpEx | −$10.9k | −$3.29 |
| NOI | $25.4k | $7.67 |
3,310 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$321.3K
$281.2K – $374.9K
NOI $22,493 @ 7.0% cap · market cap 6.00%
Theoretical Best
Hotel Hospitality
$1.70M
$1.49M – $1.98M
NOI $118,862 @ 7.0% cap · market cap 31.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 75489, TX
1,028
Population
333
Households
3.1
Avg Household Size
38
Median Age
16%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
428
Density / Sq Mi
$85,347
Median Household Income
$47,917
Median Earnings
$1,161
Median Rent
$228,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Unfinished duplex under construction with each side featuring three bedrooms and two-and-a-half baths.
Where is this duplex located?
The property is located at 533-535 E Ball Street Tom Bean, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Under construction duplex with two matching units; Each side offers three bedrooms and two‑and‑a‑half baths; 1,655 SF per unit
