Updated Duplex with New HVAC
For Sale
$425,000
5708 Ranchogrande Drive, Arlington, TX 76017
The property comprises two two-bedroom, two-bath residences with refreshed interiors and separate leases.
Property Size2,009 SF
Price / SF$211.55
Days on Market241
Property Features for 5708 Ranchogrande Drive
General Information
Standard status
Active
Size
2,009 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
Central Air
Central, Electric
No
Laminate
Electric Range
2
Granite Counters, Pantry
Wood Burning
Composition
One
1
Slab
Assessor
Brick
Building Details
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(214) 585-3177
Listed By:
Mary Monkhouse · License #0614323
(214) 585-3177
Source:
Compass
Added: Jan 2
Changed: Aug 30
Last Checked: Aug 30 at 2:28AM
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 Compass
Investment Insights
Based on property information with market context.
This duplex contains two residences, each offering 2 bedrooms, 2 baths, and close to 1,000 square feet. The 2,009-square-foot property was built in 1984 and includes central air, laminate flooring, granite counters, pantries, electric ranges, and wood-burning fireplaces. Both units have received HVAC replacements, with service performed every 6 months.
Recent improvements include a roof replacement in July 2021, updated interior and exterior paint, removal of popcorn ceilings, new ceiling fans and hardware, and refreshed kitchen components. The kitchens include new hoods, dishwashers, oven cooktops, appliances, and sinks. Unit 5710 also received a new hot water heater in 2022. One residence is leased through February 28, 2026, while the other lease ends July 31, 2026.
Recent improvements include a roof replacement in July 2021, updated interior and exterior paint, removal of popcorn ceilings, new ceiling fans and hardware, and refreshed kitchen components. The kitchens include new hoods, dishwashers, oven cooktops, appliances, and sinks. Unit 5710 also received a new hot water heater in 2022. One residence is leased through February 28, 2026, while the other lease ends July 31, 2026.
Key Highlights
- Duplex property totals 2,009 square feet and was built in 1984
- Each residence includes 2 bedrooms, 2 baths, and close to 1,000 square feet
- New roof completed in July 2021
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
$19,741
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
4.64%
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%
$394,820
$394.8K
Cap Rate 7%
$282,014
$282.0K
Cap Rate 9%
$219,344
$219.3K
Market Conditions
NOI Build-Up for 2,009 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
$30.6K $15.24/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$28.2K $14.04/SF
− OpEx
−$8.5K −$4.21/SF
NOI
$19.7K $9.83/SF
Area
ZIP 76017
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%
$394,820
Cap Rate 7%
$282,014
Cap Rate 9%
$219,344
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.8K – $329.0K
NOI $19,741 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$253.6K
$221.9K – $295.9K
NOI $17,752 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$551.0K
$482.2K – $642.9K
NOI $38,573 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 76017, TX
45,745
Population
17,211
Households
2.7
Avg Household Size
39
Median Age
34%
College-Educated
92%
High-School Grad
10.2 sq mi
ZIP Area
4,485
Density / Sq Mi
$88,442
Median Household Income
$46,356
Median Earnings
$1,533
Median Rent
$286,300
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 - The property comprises two two-bedroom, two-bath residences with refreshed interiors and separate leases.
Where is this duplex located?
The property is located at 5708 Ranchogrande Drive Arlington, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex property totals 2,009 square feet and was built in 1984; Each residence includes 2 bedrooms, 2 baths, and close to 1,000 square feet; New roof completed in July 2021
