Updated Duplex with
New
For Sale
$549,000
738 Carroll Lane, Lewisville, TX 75067
ResidentialIncome, Lewisville, TX
Property Size1,737 SF
Lot Size0.09 Acres
Price / SF$316.06
Days on Market2
Property Features for 738 Carroll Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1
Parking
4
Parking features
Garage
Patio and Porch features
Patio, Porch
Interior features
BuiltInFeatures, DecorativeDesignerLightingFixtures, EatInKitchen, HighSpeedInternet, KitchenIsland, Pantry, CableTv, WalkInClosets
Exterior features
RainGutters
Appliances
Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, VentedExhaustFan
Subdivision
C T Simmons Add
Lot features
Corner Lot, Landscaped, Few Trees
Elementary school
Hedrick
Middle school
Hedrick
High school
Lewisville
Elementary school district
Lewisville ISD
Middle school district
Lewisville ISD
High school district
Lewisville ISD
Directions
Use GPS
Standard status
Active
APN
R269512
Size
1,737 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
C T SIMMONS ADDN BLK A LOT 1
Tax Annual Amount
5115
Legal Description
C T SIMMONS ADDN BLK A LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty
(817) 329-8850
Listed By:
Charles Brown · License #0606840
(352) 735-2515
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 16 at 2:06PM
MLS# 21410292
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.
This brick duplex contains two matching residences, each with 3 bedrooms, 2 bathrooms, a 2-car garage, patio, and backyard. The property totals 1,737 square feet on a 0.092-acre lot and was built in 2004. Unit 738 has been refreshed with new paint, luxury vinyl flooring, quartz kitchen countertops, and updated appliances; Unit 742 retains its original finishes and is occupied by long-term tenants. There is no HOA.
Located in Lewisville, the property is near shopping and major highways. Public water and sewer serve the site.
Located in Lewisville, the property is near shopping and major highways. Public water and sewer serve the site.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- 1,737 square feet on a 0.092‑acre lot
- Built in 2004; brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,127
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,540
$602.5K
Cap Rate 7%
$430,386
$430.4K
Cap Rate 9%
$334,744
$334.7K
Market Conditions
NOI Build-Up for 1,737 SF
Gross rent
$48.4K $27.84/SF
− Vacancy
−$5.3K −$3.06/SF
EGI
$43.0K $24.78/SF
− OpEx
−$12.9K −$7.43/SF
NOI
$30.1K $17.34/SF
Area
Lewisville, TX
Vacancy
11.00%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,540
Cap Rate 7%
$430,386
Cap Rate 9%
$334,744
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,127 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$377.3K
$330.2K – $440.2K
NOI $26,413 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$579.1K
$506.7K – $675.6K
NOI $40,537 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 75067, TX
68,734
Population
28,990
Households
2.4
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
5,091
Density / Sq Mi
$76,630
Median Household Income
$45,448
Median Earnings
$1,506
Median Rent
$321,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each provide a private garage, outdoor space, and three-bedroom layout.
Where is this duplex located?
The property is located at 738 Carroll Lane Lewisville, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage; 1,737 square feet on a 0.092‑acre lot; Built in 2004; brick construction
