7629 Evergreen Road Richland Hills, TX 76118
Fully vacant duplex offers two similar 2-bedroom, 2-bath units with separate utilities and fenced backyards.
Property Features for 7629 Evergreen Road
General Information
- Standard status
- Active
- Size
- 1,791 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1982
Listing office Keller Williams Realty (817) 715-5222
Listing date Jun 11, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Each unit also has a spacious fenced backyard with a gated entry; one side includes an additional ranch-style storage shed. The property has mature landscaping and a shade tree at the exterior.
With separate utilities, private entrances, and individual outdoor space, the duplex is designed for independent daily use while maintaining a consistent layout across both units.
Key Highlights
- Fully vacant, single‑story duplex with 2 total units, each with a similar 2‑bedroom, 2‑bath floor plan
- Each unit has separate utilities, individual driveways, attached covered carports, and private front entrances
- Recently updated interiors with luxury vinyl plank flooring, granite counters, and updated lighting and window coverings
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 | $21.7k | $12.12 |
| − Vacancy | −$2.4k | −$1.36 |
| EGI | $19.3k | $10.76 |
| − OpEx | −$5.8k | −$3.23 |
| NOI | $13.5k | $7.53 |
