Well-Maintained Duplex
New
For Sale
$435,000
5720 Cancun Drive, North Richland Hills, TX 76180
Full duplex features two single-story units with private fenced backyards, covered parking, and brick exterior construction.
Property Size2,124 SF
Price / SF$204.80
Days on Market4
Property Features for 5720 Cancun Drive
General Information
Standard status
Active
Size
2,124 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Multifamily Units
2
Amenities
private fenced backyards
covered parking
exterior storage
Building Details
Building Size
2,124 SF
Year Built
1985
Stories
1
Construction
brick
Tenancy
Multi
Listing Agency:
The Harvest House Realty Group
(817) 988-2170
Listed By:
Ragini Bhayani
Source:
Nilesrealtygroup
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 29 at 10:58AM
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 The Harvest House Realty Group
Investment Insights
Based on property information with market context.
This for-sale duplex includes two separate single-story residences within a full duplex configuration. Each unit is described as approximately 1,062 square feet with 2 bedrooms, 2 full bathrooms, an open-concept living and dining area, and a spacious kitchen. The property was built in 1985 and includes private fenced backyards, covered parking, and exterior storage, with low-maintenance brick construction.
The duplex is located at 5720 & 5722 Cancun Drive in North Richland Hills, with easy access to Loop 820 and nearby shopping, dining, and major employment centers. The property is within Birdville ISD.
The layout is designed for independent living, with functional single-story floor plans in each unit and outdoor space provided by private fenced backyards.
The duplex is located at 5720 & 5722 Cancun Drive in North Richland Hills, with easy access to Loop 820 and nearby shopping, dining, and major employment centers. The property is within Birdville ISD.
The layout is designed for independent living, with functional single-story floor plans in each unit and outdoor space provided by private fenced backyards.
Key Highlights
- Full duplex built in 1985 with two single‑story units at 5720 & 5722 Cancun Drive
- Each unit has approximately 1,062 SF, 2 bedrooms, and 2 full bathrooms with open‑concept living and dining
- Spacious kitchens with functional single‑story floor plans in both units
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 | $25.7k | $12.12 |
| − Vacancy | −$2.9k | −$1.36 |
| EGI | $22.9k | $10.76 |
| − OpEx | −$6.9k | −$3.23 |
| NOI | $16.0k | $7.53 |
2,124 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$228.6K
$200.0K – $266.7K
NOI $16,000 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$747.2K
$653.8K – $871.7K
NOI $52,301 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
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 - Full duplex features two single-story units with private fenced backyards, covered parking, and brick exterior construction.
Where is this duplex located?
The property is located at 5720 Cancun Drive North Richland Hills, TX.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Full duplex built in 1985 with two single‑story units at 5720 & 5722 Cancun Drive; Each unit has approximately 1,062 SF, 2 bedrooms, and 2 full bathrooms with open‑concept living and dining; Spacious kitchens with functional single‑story floor plans in both units
