Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Arlington Duplex with Recent Updates Title is generated by Realmo AI

    5708 Ranchogrande Drive, Arlington, TX 76017

    View on Map
    Claim this Listing
    New
    For Sale
    Under Contract
    $425,000

    Duplex - Arlington, TX

    Type:Duplex
    Property size:
    1,000 SF
    Lot size:
    0.77 Acres
    Price / SF:
    $425/SF
    Added:
    May 13, 2026
    Days on Market:
    3
    Last Refresh:
    May 15 at 1:06 am

    Property Features for 5708 Ranchogrande Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    2
    Parking features
    Driveway
    Interior features
    Granite Counters, Pantry
    Fireplace
    1
    Appliances
    Range
    Standard status
    Active Under Contract
    APN
    05127394
    Size
    1,000 SF
    Lot size
    0.77 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mary Monkhouse

    Listing agent Mary Monkhouse License #0614323

    Listing office Compass RE Texas, LLC. 5960 Berkshire Lane #700, Dallas, TX

    Listing date May 13, 2026

    MLS# 21154839 Listing URL

    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.

    HighLights

    • Full duplex property offering immediate rental income from both units.
    • Recent major upgrades including a new roof (July 2021) and new HVAC systems on both sides (2022 & 2023).
    • Combined monthly income of $3220 from both leased units.
    • Updated interiors featuring granite countertops and removal of popcorn ceilings.
    • Newer hot water heater in 5710 (installed in 2022).
    • Regular HVAC servicing every 6 months.

    Overview

    This duplex in Arlington, Texas, presents a rare investment opportunity. Each unit, located at 5708 and 5710 Ranchogrande Drive, features 2 bedrooms and 2 baths, with each side close to 1000 square feet. A new roof was installed in July 2021. The HVAC system for 5708 was replaced in 2022, and the HVAC for 5710 was replaced in 2023; both are serviced every 6 months. The 5710 unit also has a new hot water heater installed in 2022. Additional updates include granite countertops, removal of popcorn ceilings, updated interior and exterior paint, new ceiling fans, hardware, kitchen hood, dishwasher, oven cooktop, appliances, and sinks. Both sides are currently leased at $1610 per month. The lease for 5708 expires on July 31, 2026, while the lease for 5710 expires on April 30, 2027. The property is located on a lot that is 0.77 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arlington
    County
    Tarrant
    State
    Texas
    Longitude
    -97.195352
    Latitude
    32.66004

    Nearby Similar for Sale

    • $875,000
      4,098 SF

      Prime Arlington Office Building Opportunity

      Two well-maintained office buildings in a prime Arlington location.
      1311/1313 W Abram Street, Arlington, TX 76013
      View Details
    • $760,000
      2,665 SF

      Turnkey Assisted Living Facility

      Fully operational, updated 6-bed assisted living facility ready for immediate operation.
      715 Buttermilk Drive, Arlington, TX 76006
      View Details
    • $1,300,000
      3,957 SF

      Retail Property in High-Traffic Area

      Fully leased retail property with income potential in Arlington, TX.
      2712-2720 W Division St, Arlington, TX 76012
      View Details
    • $5,347,000

      Arlington Office Campus For Sale

      Dual-building office campus in Arlington's Entertainment District.
      2660 E Lamar Boulevard, Arlington, TX 76011
      View Details
    • $449,500

      Arlington Commercial Property for Sale

      Versatile commercial property suitable for office, retail, or service business.
      1012 W Division Street, Arlington, TX 76012
      View Details
    • $325,000

      Arlington Office Building For Sale

      1,964 SF office building on 0.39 acres in Arlington.
      117 E Park Row Drive, Arlington, TX 76010
      View Details
    • $965,500

      Arlington Property for Learning Center

      Property suitable for learning center, office, or daycare use.
      6409 W Poly Webb Road, Arlington, TX 76016
      View Details
    • $399,000
      2,012 SF

      Arlington Duplex in Entertainment District

      Two-unit property near stadiums and attractions, great investment opportunity.
      1122 N Center Street N, Arlington, TX 76011
      View Details
    • $319,000

      Updated Duplex Near UTA Campus

      Fully occupied, updated duplex near UTA. Great investment opportunity.
      518 Jordan Lane, Arlington, TX 76012
      View Details
    • $359,900

      Updated Duplex in Arlington, TX

      Recently updated duplex with tenant leases in place, great investment.
      515 Gibbins Court, Arlington, TX 76011
      View Details
    • $300,000
      1,396 SF

      Arlington Duplex Near UTA

      Duplex near UTA, AT&T Stadium, and Globe Life Field.
      307 Elliott Street, Arlington, TX 76013
      View Details
    • $390,000

      Arlington Duplex Near UTA

      Duplex in central Arlington near UTA, tenant-occupied, income-producing.
      2040 Oakwood Court, Arlington, TX 76012
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Arlington, TX with updated features and 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: Full duplex property offering immediate rental income from both units.; Recent major upgrades including a new roof (July 2021) and new HVAC systems on both sides (2022 & 2023).; **Combined monthly income of $3220 from both leased units.**
    (214) 814-8100
    We can help!
    Listing Contact
    Mary Monkhouse
    Real Estate License ID: 0614323
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5708 Ranchogrande Drive, Arlington, TX 76017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!