Adjacent Duplex-Style Investment
702 E College Avenue, Princeton, TX 75407
MULTI_FAMILY - Princeton, TX
Property size:
1,710 SFLot size:
0.30 AcresPrice / SF:
$304/SF- Added:
- Apr 29, 2026
- Days on Market:
- 36
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 702 E College Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage
- Interior features
- OpenFloorplan
- Appliances
- Dishwasher, ElectricCooktop, ElectricOven
- Standard status
- Active
- APN
- 2705541
- Lot size
- 0.30 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Jordan Cortez License #0494942 (214) 556-1951
Listing office Vanguard Real Estsate Advisors Dallas, TX (214) 556-1951
Listing date Apr 29, 2026
MLS# 21137578
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
- Two adjacent duplex‑style properties at 702 E College St and 704 E College St in Princeton
- Each property built in 2014 with a matching recorded size of approximately 1,710 SF
- 4‑bed, 2‑bath layout per property with an open floorplan
- Central heating and central air conditioning; brick construction with a shingle roof
- Public water and public sewer
- Includes garage parking and sits on an approximately 0.15‑acre lot per property
Overview
This offering includes two adjacent, matching duplex-style properties at 702 and 704 E College Avenue. Both were built in 2014 and present a functional layout designed for consistent rental appeal, with each unit offering approximately four bedrooms and two bathrooms. The two-address configuration provides a clean, scalable approach for investors building a small portfolio, or for an owner-user seeking flexible control over multiple residences.
The properties are positioned together, allowing an owner to manage both addresses as part of the same acquisition. The lot sizing is approximately 0.15 acres per property, and each address is recorded at approximately 1,710 square feet. The sale is described as part of a broader availability, with additional duplexes for sale in the same subdivision in conjunction with this offering.
For tenants, the bedroom and bath mix supports household-level functionality, while the newer construction date can help reduce near-term uncertainty compared to older stock. For buyers, the two-address structure creates straightforward diversification within a compact footprint, with the benefit of side-by-side control. Investors may also view this as a practical entry point for expanding within the subdivision, subject to confirming availability through the listing agent.
The properties are positioned together, allowing an owner to manage both addresses as part of the same acquisition. The lot sizing is approximately 0.15 acres per property, and each address is recorded at approximately 1,710 square feet. The sale is described as part of a broader availability, with additional duplexes for sale in the same subdivision in conjunction with this offering.
For tenants, the bedroom and bath mix supports household-level functionality, while the newer construction date can help reduce near-term uncertainty compared to older stock. For buyers, the two-address structure creates straightforward diversification within a compact footprint, with the benefit of side-by-side control. Investors may also view this as a practical entry point for expanding within the subdivision, subject to confirming availability through the listing agent.
Local 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 | $47.8k | $27.96 |
| − Vacancy | −$4.9k | −$2.84 |
| EGI | $43.0k | $25.12 |
| − OpEx | −$12.9k | −$7.54 |
| NOI | $30.1k | $17.58 |
1,710 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.5K
$375.9K – $501.1K
NOI $30,068 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$371.5K
$325.0K – $433.4K
NOI $26,002 @ 7.0% cap · market cap 5.00%
Theoretical Best
Industrial
$1.70M
$1.49M – $1.98M
NOI $118,941 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Princeton
- County
- Collin
- State
- Texas
- Longitude
- -96.493606
- Latitude
- 33.183137
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two matching, side-by-side duplex-style properties offer flexible income or owner-user use on one acquisition footprint.
Where is this duplex located?
The property is located at 702 E College Avenue Princeton, TX.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two adjacent duplex‑style properties at 702 E College St and 704 E College St in Princeton; Each property built in 2014 with a matching recorded size of approximately 1,710 SF; 4‑bed, 2‑bath layout per property with an open floorplan
