Vacant Single-Story
7629 Evergreen Road Richland Hills, TX 76118
7629 Evergreen Road, Richland Hills, TX, 76118
$432,000
Pending
For Sale
$432,000
Pending
Fully vacant duplex offers two similar 2-bedroom, 2-bath units with separate utilities and fenced backyards.
Property Size1,791 SF
Days on Market39
Property Features for 7629 Evergreen Road
General Information
- Standard status
- Pending
- Size
- 1,791 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1982
Listing Agency
Keller Williams Realty
(817) 715-5222
Listed by
Michelle Rawls · License #0637763
(817) 715-5222
Source
Compass
Added: Jun 11 Checked: Jul 19 at 5:05 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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This fully vacant, single-story duplex presents a flexible setup for either investment or owner-occupancy. It includes two similar 2-bedroom, 2-bath floor plans, each with separate utilities, individual driveways, attached covered carports, and private front entrances. Both units feature indoor laundry closets with washer and dryer hookups, walk-in closets, and abundant storage, along with exterior storage rooms and garbage disposals. Interiors have been recently updated with fresh neutral paint, luxury vinyl plank flooring, updated lighting, window coverings, and LED kitchen lighting. The galley-style kitchens offer granite countertops, granite backsplashes, stainless steel appliances, breakfast bars, and ample cabinet space. Central HVAC serves each unit. The roof was replaced in 2019.
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.
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 |
1,791 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.7K
$168.7K – $224.9K
NOI $13,492 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$167.6K
$146.6K – $195.5K
NOI $11,729 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$630.0K
$551.3K – $735.0K
NOI $44,102 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully vacant duplex offers two similar 2-bedroom, 2-bath units with separate utilities and fenced backyards.
Where is this duplex located?
The property is located at 7629 Evergreen Road Richland Hills, TX.
What is the asking price?
The asking price for this property is $432,000.
What are key features of this property?
This property features: 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
