Updated Duplex with
New
For Sale
$575,000
9265 & 9267 Meandering Drive, North Richland Hills, TX 76182
MULTI_FAMILY - North Richland Hills, TX
Property Size2,540 SF
Lot Size0.10 Acres
Price / SF$226.38
Days on Market2
Property Features for 9265 & 9267 Meandering Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 3, Bathroom 1
Parking
2
Parking features
Garage, Driveway
Interior features
EatInKitchen, HighSpeedInternet, CableTv
Fireplace
1
Appliances
Dishwasher, ElectricCooktop, ElectricOven, Microwave, Refrigerator
Subdivision
Oak Hills Add
Elementary school
Porter
Middle school
Smithfield
High school
Birdville
Elementary school district
Birdville ISD
Middle school district
Birdville ISD
High school district
Birdville ISD
Directions
GPS Friendly
Standard status
Active
APN
05881218
Size
2,540 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
OAK HILLS ADDITION BLOCK 7 LOT 17RA
Tax Annual Amount
4853
Legal Description
OAK HILLS ADDITION BLOCK 7 LOT 17RA
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Century 21 Mike Bowman, Inc. · Century 21 Real Estate
(817) 354-7653
Listed By:
Melanie Hunt · License #0295970
(817) 354-7653
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 8:06AM
MLS# 21342499
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 two 3-bedroom, 2-bath units, each measuring 1,270 square feet and including a one-car garage. The interiors feature vinyl and tile flooring, eat-in kitchens with substantial cabinet storage, electric appliances, renovated bathrooms, tall living-room ceilings, and wood-burning fireplaces. Public water and sewer serve the property, which was built in 1987. The composition roof is currently being replaced.
Located at 9265 and 9267 Meandering Drive in North Richland Hills, the property sits near Precinct Line Road and Highway 121. It is within Birdville ISD. One unit is vacant, while the other is leased on a month-to-month basis, providing different occupancy positions within the same duplex.
Located at 9265 and 9267 Meandering Drive in North Richland Hills, the property sits near Precinct Line Road and Highway 121. It is within Birdville ISD. One unit is vacant, while the other is leased on a month-to-month basis, providing different occupancy positions within the same duplex.
Key Highlights
- Two 3‑bedroom, 2‑bath units, each with 1,270 square feet
- Each unit includes a 1‑car garage
- Renovated bathrooms with tiled showers and granite countertops
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 | $30.8k | $12.12 |
| − Vacancy | −$3.5k | −$1.36 |
| EGI | $27.3k | $10.76 |
| − OpEx | −$8.2k | −$3.23 |
| NOI | $19.1k | $7.53 |
2,540 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.3K
$239.2K – $318.9K
NOI $19,134 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$237.6K
$207.9K – $277.2K
NOI $16,634 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$893.5K
$781.8K – $1.04M
NOI $62,545 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 76182, TX
31,117
Population
11,845
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
8.7 sq mi
ZIP Area
3,577
Density / Sq Mi
$119,722
Median Household Income
$60,589
Median Earnings
$1,821
Median Rent
$364,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two renovated three-bedroom units offer flexible occupancy, private garages, and access to Birdville ISD and Highway 121.
Where is this duplex located?
The property is located at 9265 & 9267 Meandering Drive North Richland Hills, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units, each with 1,270 square feet; Each unit includes a 1‑car garage; Renovated bathrooms with tiled showers and granite countertops
