Full Duplex Residential Income
802-804 North Broughton Street Sherman, TX 75090
For Sale
$409,000
Two updated units with open-concept interiors, vaulted ceilings, and fully fenced backyards, including one tenant-occupied unit.
Property Size2,594 SF
Price / SF$157.67
Days on Market86
Property Features for 802-804 North Broughton Street
General Information
- Standard status
- Active
- Size
- 2,594 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2020
Listing Agency:
OmniKey Realty, LLC.
(931) 703-4746
Listed By:
Mallory Adams · License #0746744
(931) 703-4746
Source:
Compass
Added: Apr 30
Changed: Jul 10
Last Checked: Jul 23 at 10:42AM
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 OmniKey Realty, LLC.
Investment Insights
Based on property information with market context.
This full duplex offers two residential units with open-concept layouts and modern finishes. Interior features include wood-look luxury vinyl plank flooring, vaulted ceilings, and abundant natural light. Each unit has a kitchen with granite countertops, stainless steel appliances, and a kitchen island, along with primary suites featuring private en-suite bathrooms. Additional bedrooms provide flexibility for guests or home office use, and bathrooms include granite finishes throughout. Outdoor space includes fully fenced backyards, and each unit has additional storage closets.
The property is located at 802-804 North Broughton Street in Sherman, Texas. Unit 802 is currently tenant occupied through 4-30-27 and is rented for $1,425 per month.
For owner-occupants or investors, the duplex configuration provides rental-income flexibility and the option to live in one unit while leasing the other. The combination of updated interiors, enclosed outdoor space, and tenant-ready features supports a practical fit for long-term residential leasing.
The property is located at 802-804 North Broughton Street in Sherman, Texas. Unit 802 is currently tenant occupied through 4-30-27 and is rented for $1,425 per month.
For owner-occupants or investors, the duplex configuration provides rental-income flexibility and the option to live in one unit while leasing the other. The combination of updated interiors, enclosed outdoor space, and tenant-ready features supports a practical fit for long-term residential leasing.
Key Highlights
- 2‑unit duplex built in 2020 with one‑story layout and slab foundation
- Open‑concept interiors in each unit with vaulted ceilings and wood‑look luxury vinyl plank flooring
- Kitchens include granite counters, kitchen island, and appliances such as dishwasher, microwave, and electric range
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 | $32.1k | $12.36 |
| − Vacancy | −$3.7k | −$1.41 |
| EGI | $28.4k | $10.95 |
| − OpEx | −$8.5k | −$3.29 |
| NOI | $19.9k | $7.67 |
2,594 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.4K
NOI $19,885 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$251.8K
$220.3K – $293.8K
NOI $17,627 @ 7.0% cap · market cap 4.31%
Theoretical Best
Hotel Hospitality
$1.33M
$1.16M – $1.55M
NOI $93,151 @ 7.0% cap · market cap 22.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two updated units with open-concept interiors, vaulted ceilings, and fully fenced backyards, including one tenant-occupied unit.
Where is this duplex located?
The property is located at 802-804 North Broughton Street Sherman, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 2‑unit duplex built in 2020 with one‑story layout and slab foundation; Open‑concept interiors in each unit with vaulted ceilings and wood‑look luxury vinyl plank flooring; Kitchens include granite counters, kitchen island, and appliances such as dishwasher, microwave, and electric range
