Charming Duplex in North
7316 Davis Boulevard North Richland Hills, TX 76182
7316 Davis Boulevard, North Richland Hills, TX, 76182
$349,999
For Sale
$349,999
Well-maintained duplex with spacious living areas and convenient location.
Property Size2,066 SF
Price / SF$169.41
Days on Market96
Property Features for 7316 Davis Boulevard
General Information
- Standard status
- Active
- Size
- 2,066 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1985
Listing Agency
The Cao Realty Group
(817) 896-0243
Listed by
Martha Cao · License #0501784
(817) 896-0243
Source
Compass
Added: Apr 16 Checked: Jul 19 at 5:19 am
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 Cao Realty Group
Investment Insights
Based on property information with market context.
This full duplex, located at 7316 & 7318 Davis Blvd, features identical sides and offers a blend of comfort and convenience. The property includes spacious living areas with abundant natural light, creating a warm atmosphere. An open-concept living and dining space, complete with a wood-burning fireplace, is suitable for both relaxation and entertaining. The kitchen provides ample cabinetry and granite counter space. Bedrooms are comfortably sized with walk-in closets, offering plenty of storage. A side yard space is available for outdoor gatherings or relaxation. The property's location provides easy access to major roads, shopping, dining, and local amenities. The property size is 2066 square feet.
Key Highlights
- Full duplex with identical units.
- Granite counters in the kitchen.
- Enjoy the wood burning fireplace.
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 | $25.0k | $12.12 |
| − Vacancy | −$2.8k | −$1.36 |
| EGI | $22.2k | $10.76 |
| − OpEx | −$6.7k | −$3.23 |
| NOI | $15.6k | $7.53 |
2,066 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$222.3K
$194.5K – $259.4K
NOI $15,563 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$726.8K
$635.9K – $847.9K
NOI $50,873 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with spacious living areas and convenient location.
Where is this duplex located?
The property is located at 7316 Davis Boulevard North Richland Hills, TX.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Full duplex with identical units.; Granite counters in the kitchen.; Enjoy the wood burning fireplace.
