Tenant-Occupied
For Sale
$269,000
605 North Pecan Street Unit A, Arlington, TX 76011
Both residences are leased, with recent improvements, fenced outdoor space, and paved parking.
Property Size1,792 SF
Price / SF$150.11
Days on Market97
Property Features for 605 North Pecan Street Unit A
General Information
Standard status
Active
Size
1,792 SF
Total Parking Spaces
8
Property subtype
Multi-Family / Full Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,500
Amenities
large fenced front yard
Electric
Ceramic Tile, Vinyl
Electric Range, Microwave, Refrigerator
Other
No
Composition
One
Chain Link, Wood
1
Slab
Appraiser
2
Brick, Siding
Building Details
Year Built
1979
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Ebby Halliday, REALTORS
(469) 877-6571
Listed By:
Sergio Pena · License #0838859
(469) 877-6571
Source:
Compass
Added: May 27
Changed: Aug 30
Last Checked: Aug 30 at 8:21PM
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 Ebby Halliday, REALTORS
Investment Insights
Based on property information with market context.
This one-story duplex at 605 North Pecan Street in Arlington contains 1,792 square feet across two residences. Each unit provides 2 bedrooms and 1 bath, and both are leased with terms extending through June 2027 for Unit A and January 2027 for Unit B. The roof was replaced in 2020, while the interiors have received updates in 2023 and 2026, including bathroom, kitchen, flooring, lighting, paint, door, and HVAC-related work.
Exterior features include a large fenced front yard and paved parking areas on both sides of the property. Parking accommodates approximately 4 cars per side, and the property does not include a garage. The Arlington setting is near Downtown Arlington, AT&T Stadium, Globe Life Field, Texas Live!, Choctaw Stadium, Six Flags Over Texas, Hurricane Harbor Arlington, the University of Texas at Arlington, College Park Center, Arlington Memorial Hospital, dining, retail, and entertainment destinations.
Exterior features include a large fenced front yard and paved parking areas on both sides of the property. Parking accommodates approximately 4 cars per side, and the property does not include a garage. The Arlington setting is near Downtown Arlington, AT&T Stadium, Globe Life Field, Texas Live!, Choctaw Stadium, Six Flags Over Texas, Hurricane Harbor Arlington, the University of Texas at Arlington, College Park Center, Arlington Memorial Hospital, dining, retail, and entertainment destinations.
Key Highlights
- Two‑unit property totaling 1,792 square feet
- Each unit includes 2 bedrooms and 1 bath
- Both units are leased; terms run through June 2027 and January 2027
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
$17,609
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
6.55%
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%
$352,180
$352.2K
Cap Rate 7%
$251,557
$251.6K
Cap Rate 9%
$195,656
$195.7K
Market Conditions
NOI Build-Up for 1,792 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
$27.3K $15.24/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$25.2K $14.04/SF
− OpEx
−$7.5K −$4.21/SF
NOI
$17.6K $9.83/SF
Area
Arlington, TX
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%
$352,180
Cap Rate 7%
$251,557
Cap Rate 9%
$195,656
Alternative Uses
Best Use
Multifamily LT 5
$251.6K
$220.1K – $293.5K
NOI $17,609 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$198.3K
$173.5K – $231.4K
NOI $13,882 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$528.4K
$462.3K – $616.5K
NOI $36,987 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 76011, TX
23,158
Population
11,991
Households
1.9
Avg Household Size
32
Median Age
27%
College-Educated
83%
High-School Grad
8.1 sq mi
ZIP Area
2,859
Density / Sq Mi
$51,910
Median Household Income
$36,580
Median Earnings
$1,266
Median Rent
$218,400
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 - Both residences are leased, with recent improvements, fenced outdoor space, and paved parking.
Where is this duplex located?
The property is located at 605 North Pecan Street Unit A Arlington, TX.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two‑unit property totaling 1,792 square feet; Each unit includes 2 bedrooms and 1 bath; Both units are leased; terms run through June 2027 and January 2027
