Two-Unit Duplex with
656-660 Wheatfield Drive, Venus, TX 76084
For Sale
$509,000
ResidentialIncome, Venus, TX
Property Size2,662 SF
Lot Size0.19 Acres
Price / SF$191.21
Days on Market119
Property Features for 656-660 Wheatfield Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
HOA Fee
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
two-car garage
fenced back yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Signature Real Estate
Listed By:
Erion Shehaj · License TX #0516948
(713) 952-3200
Added: Jul 17
Changed: Nov 10
Last Checked: Nov 12 at 8:06PM
MLS# 21258952
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.
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residences, each with three bedrooms and two bathrooms. The combined building area is 2,662 square feet on a 0.1865-acre lot. Both units include a two-car garage and a fenced backyard. Interior features include granite counters, kitchen islands, walk-in closets, and open floor plans.
The property is in Venus, Ellis County, and students attend Midlothian schools. Public water and sewer serve the property. Brick, stone veneer, and wood siding are among the exterior materials.
The property is in Venus, Ellis County, and students attend Midlothian schools. Public water and sewer serve the property. Brick, stone veneer, and wood siding are among the exterior materials.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units
- 2,662 square feet of building area on a 0.1865‑acre lot
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,807
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,140
$936.1K
Cap Rate 7%
$668,671
$668.7K
Cap Rate 9%
$520,078
$520.1K
Market Conditions
NOI Build-Up for 2,662 SF
Gross rent
$74.4K $27.96/SF
− Vacancy
−$7.6K −$2.84/SF
EGI
$66.9K $25.12/SF
− OpEx
−$20.1K −$7.54/SF
NOI
$46.8K $17.58/SF
Area
Johnson County, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,140
Cap Rate 7%
$668,671
Cap Rate 9%
$520,078
Alternative Uses
Best Use
Multifamily LT 5
$668.7K
$585.1K – $780.1K
NOI $46,807 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$578.3K
$506.0K – $674.6K
NOI $40,478 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$731.1K
$639.7K – $852.9K
NOI $51,174 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 76084, TX
11,979
Population
4,011
Households
3
Avg Household Size
34
Median Age
22%
College-Educated
88%
High-School Grad
51.8 sq mi
ZIP Area
231
Density / Sq Mi
$100,174
Median Household Income
$47,845
Median Earnings
$1,982
Median Rent
$248,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Johnson County, TX
Properties on Market for Duplexes in Johnson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two bathrooms, and a fenced backyard.
Where is this duplex located?
The property is located at 656-660 Wheatfield Drive Venus, TX.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units; 2,662 square feet of building area on a 0.1865‑acre lot; Built in 2023
