4-Unit
New
For Sale
$755,000
734 Bluebonnet Drive, Keller, TX 76248
Four matching two-bedroom residences offer a consistent unit configuration across the property.
Property Size4,232 SF
Price / SF$178.40
Days on Market2
Property Features for 734 Bluebonnet Drive
General Information
Standard status
Active
Size
4,232 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,497
Building Details
Building Size
4,232 SF
Year Built
1984
Listing Agency:
Michael Brady Realty
Listed By:
Michael Brady · License #0412683
(817) 481-5511
Source:
Hickeyrealestate
Added: Oct 29
Last Checked: Oct 29 at 2:37PM
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 Michael Brady Realty
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Investment Insights
Based on property information with market context.
This 4,232-square-foot quadplex contains four residences, each with two bedrooms and two bathrooms. Built in 1984, the property offers a repeated floor plan across all four units.
The property is located near Keller High School at 734 Bluebonnet Drive in Keller, Texas.
The property is located near Keller High School at 734 Bluebonnet Drive in Keller, Texas.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 4,232 square feet
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,879
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,580
$637.6K
Cap Rate 7%
$455,414
$455.4K
Cap Rate 9%
$354,211
$354.2K
Market Conditions
NOI Build-Up for 4,232 SF
Gross rent
$51.3K $12.12/SF
− Vacancy
−$5.7K −$1.36/SF
EGI
$45.5K $10.76/SF
− OpEx
−$13.7K −$3.23/SF
NOI
$31.9K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,580
Cap Rate 7%
$455,414
Cap Rate 9%
$354,211
Alternative Uses
Best Use
Multifamily LT 5
$455.4K
$398.5K – $531.3K
NOI $31,879 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.9K
NOI $27,715 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,209 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching two-bedroom residences offer a consistent unit configuration across the property.
Where is this quadplex located?
The property is located at 734 Bluebonnet Drive Keller, TX.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 4,232 square feet; Built in 1984
