Three-Structure Duplex
For Sale
$750,000
710 Erath St, Meridian, TX 76665
Three maintained duplex buildings offer repeatable two-bedroom layouts in a private Meridian setting.
Property Size6,663 SF
Price / SF$112.56
Days on Market308
Property Features for 710 Erath St
General Information
Standard status
Active
Size
6,663 SF
Property subtype
Multi-Family
Building Details
Year Built
2004
Buildings
3
Listing Agency:
Texas Luxury and Land
(254) 485-2860
Listed By:
Danya Lane · License #696405
Source:
Granburyhomefinder
Added: Oct 26, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:38AM
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 Texas Luxury and Land
Investment Insights
Based on property information with market context.
This multifamily property includes three duplex buildings, with each unit arranged as a two-bedroom, one-and-a-half-bath residence. The interiors feature sizable kitchens with substantial counter workspace and storage, along with living areas and a guest half bath. The buildings were constructed in 2004 and have been maintained for residential occupancy.
The property is located at 710 Erath St in Meridian, Texas, within Bosque County. Its setting overlooks a valley extending toward the river and provides a secluded residential environment. The repeated floor plan across the duplexes offers a consistent configuration throughout the property.
The property is located at 710 Erath St in Meridian, Texas, within Bosque County. Its setting overlooks a valley extending toward the river and provides a secluded residential environment. The repeated floor plan across the duplexes offers a consistent configuration throughout the property.
Key Highlights
- Three duplex buildings included in the property
- Each unit has 2 bedrooms and 1.5 baths
- Large kitchens with ample counter space and storage
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
$57,718
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
7.70%
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%
$1,154,360
$1.2M
Cap Rate 7%
$824,543
$824.5K
Cap Rate 9%
$641,311
$641.3K
Market Conditions
NOI Build-Up for 6,663 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
$90.4K $13.56/SF
− Vacancy
−$7.9K −$1.19/SF
EGI
$82.5K $12.37/SF
− OpEx
−$24.7K −$3.71/SF
NOI
$57.7K $8.66/SF
Area
Bosque County, TX
Vacancy
8.74%
Lease Rate
$13.56 /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%
$1,154,360
Cap Rate 7%
$824,543
Cap Rate 9%
$641,311
Alternative Uses
Best Use
Multifamily LT 5
$824.5K
$721.5K – $962.0K
NOI $57,718 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$758.7K
$663.8K – $885.1K
NOI $53,107 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,052 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 76665, TX
2,390
Population
1,441
Households
1.7
Avg Household Size
47
Median Age
17%
College-Educated
89%
High-School Grad
167.3 sq mi
ZIP Area
14
Density / Sq Mi
$62,098
Median Household Income
$36,500
Median Earnings
$624
Median Rent
$124,100
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 - Three maintained duplex buildings offer repeatable two-bedroom layouts in a private Meridian setting.
Where is this duplex located?
The property is located at 710 Erath St Meridian, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three duplex buildings included in the property; Each unit has 2 bedrooms and 1.5 baths; Large kitchens with ample counter space and storage
