Duplex with Updated
New
For Sale
$549,000
738 Carroll Lane, Lewisville, TX 75067
Both residences include private patios, backyards, and two-car garages, with no HOA.
Property Size2,204 SF
Days on Market4
Property Features for 738 Carroll Lane
General Information
Standard status
Active
Size
2,204 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,115
Amenities
patio
backyard
Building Details
Building Size
2,204 SF
Year Built
2004
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Charles Brown · License #0606840
(972) 827-8943
Source:
Soldbywes
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 4:19AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 2004, this duplex contains two matching residences, each with three bedrooms, two bathrooms, a two-car garage, a patio, and a backyard. One unit has fresh interior paint, luxury vinyl flooring throughout, quartz kitchen counters, and updated appliances. The other is occupied by long-term tenants and retains its original finishes.
The property is on Carroll Lane in Lewisville, with shopping and major highways nearby. Neither residence is subject to an HOA.
The property is on Carroll Lane in Lewisville, with shopping and major highways nearby. Neither residence is subject to an HOA.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Each unit has a 2‑car garage, patio, and backyard
- One unit features quartz countertops, updated appliances, fresh paint, and luxury vinyl flooring with no carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,227
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,540
$764.5K
Cap Rate 7%
$546,100
$546.1K
Cap Rate 9%
$424,744
$424.7K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$61.4K $27.84/SF
− Vacancy
−$6.7K −$3.06/SF
EGI
$54.6K $24.78/SF
− OpEx
−$16.4K −$7.43/SF
NOI
$38.2K $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%
$764,540
Cap Rate 7%
$546,100
Cap Rate 9%
$424,744
Alternative Uses
Best Use
Multifamily LT 5
$546.1K
$477.8K – $637.1K
NOI $38,227 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$478.8K
$418.9K – $558.6K
NOI $33,514 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$734.8K
$643.0K – $857.3K
NOI $51,436 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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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 - Both residences include private patios, backyards, and two-car garages, with no HOA.
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 and 2 bathrooms; Each unit has a 2‑car garage, patio, and backyard; One unit features quartz countertops, updated appliances, fresh paint, and luxury vinyl flooring with no carpet
