Occupied Duplex with
For Sale
$269,400
7741 CR 2307, Whitehouse, TX 75791
Residential Income, Whitehouse, TX
Property Size2,084 SF
Lot Size0.47 Acres
Price / SF$129.27
Days on Market164
Property Features for 7741 CR 2307
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Window features
Blinds
Interior features
Ceiling Fan
Exterior features
Rain Gutters
Fencing
Chain Link
Appliances
Dishwasher, Disposal, Microwave
Subdivision
Charles Burkett
Elementary school
Whitehouse - Brown
Middle school
Whitehouse
High school
Whitehouse
Directions
From Tyler, head south on Hwy 110 and turn Right onto Shiloh Rd. Take the immediate Left onto Rhones Quarter Rd an follow for aprox 1.9 miles. Turn Right onto CR 2307 (Talmadge Rd) and the property will be the second on the Right.
Standard status
Active
Size
2,084 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2, 3A Charles Burket
Legal Description
Lot 2, 3A Charles Burket
Utilities
Heating system
Central
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Maya Properties
(903) 944-7959
Listed By:
Erika Gonzalez · License #0661607
(903) 571-9313
Added: Apr 9
Changed: Sep 15
Last Checked: Sep 19 at 1:06AM
MLS# 26005256
Copyright © 2026 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains 2,084 square feet with two separately accessed residences. Each side offers two bedrooms, two bathrooms, a living room, kitchen, and its own single-car garage. Dishwasher, disposal, microwave, central heating, central air, ceiling fans, rain gutters, chain-link fencing, and a composition roof add to the existing improvements. The property was built in 1984 and sits on 0.47 acres.
Both units are leased, with current lease terms extending through early and mid 2027. The property is located in Whitehouse, less than 5 miles from the middle of town, with Tyler amenities described as minutes away. Guinn Farms, an established subdivision, is located on the street behind the property.
Both units are leased, with current lease terms extending through early and mid 2027. The property is located in Whitehouse, less than 5 miles from the middle of town, with Tyler amenities described as minutes away. Guinn Farms, an established subdivision, is located on the street behind the property.
Key Highlights
- Fully occupied duplex with leases extending through early and mid 2027
- 2,084‑square‑foot duplex on 0.47 acres
- Each side includes 2 bedrooms, 2 bathrooms, living room, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$360,200
$360.2K
Cap Rate 7%
$257,286
$257.3K
Cap Rate 9%
$200,111
$200.1K
Market Conditions
NOI Build-Up for 2,084 SF
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.
Gross rent
$28.1K $13.50/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$25.7K $12.35/SF
− OpEx
−$7.7K −$3.70/SF
NOI
$18.0K $8.64/SF
Area
Smith County, TX
Vacancy
8.55%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$360,200
Cap Rate 7%
$257,286
Cap Rate 9%
$200,111
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.1K – $300.2K
NOI $18,010 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.8K
NOI $15,646 @ 7.0% cap · market cap 5.81%
Theoretical Best
Hotel Hospitality
$1.57M
$1.37M – $1.83M
NOI $109,879 @ 7.0% cap · market cap 40.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 75791, TX
14,255
Population
5,758
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
94%
High-School Grad
39.4 sq mi
ZIP Area
362
Density / Sq Mi
$76,154
Median Household Income
$45,491
Median Earnings
$1,420
Median Rent
$231,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with separate entrances, two-bedroom layouts, and individual single-car garages.
Where is this duplex located?
The property is located at 7741 CR 2307 Whitehouse, TX.
What is the asking price?
The asking price for this property is $269,400.
What are key features of this property?
This property features: Fully occupied duplex with leases extending through early and mid 2027; 2,084‑square‑foot duplex on 0.47 acres; Each side includes 2 bedrooms, 2 bathrooms, living room, and kitchen
