Updated Duplex with
New
For Sale
$575,000
9269 & 9271 Meandering Drive, North Richland Hills, TX 76182
MULTI_FAMILY - North Richland Hills, TX
Property Size2,512 SF
Lot Size0.10 Acres
Price / SF$228.90
Days on Market2
Property Features for 9269 & 9271 Meandering Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5
Parking
2
Parking features
Garage, Driveway
Interior features
EatInKitchen, HighSpeedInternet, CableTv
Fireplace
1
Appliances
Dishwasher, ElectricCooktop, ElectricOven, Microwave, Refrigerator
Subdivision
Oak Hills Add
Lot features
Subdivision
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
05881188
Size
2,512 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
OAK HILLS ADDITION BLOCK 7 LOT 16RA
Tax Annual Amount
4859
Legal Description
OAK HILLS ADDITION BLOCK 7 LOT 16RA
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
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 9:06AM
MLS# 21342498
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 duplex at 9269 & 9271 Meandering Drive contains two separately addressed residences, each with three bedrooms, two bathrooms, and a one-car garage. Interior improvements include tile and luxury vinyl plank flooring, renovated bathrooms with tiled showers and granite countertops, and kitchens with cabinet storage and maintained countertops. Both units feature tall living-room ceilings and wood-burning fireplaces. Central heating and air conditioning, electric service, public water, public sewer, brick construction, and composition roofing are also included. The roof is currently being replaced.
The property is in the Oak Hills neighborhood of North Richland Hills and is located near Highway 121, just off Precinct Line Road. Both residences are leased: 9269 has a lease through 01-01-2027, while 9271 is occupied on a month-to-month basis. The property was built in 1986 and is served by Birdville ISD.
The property is in the Oak Hills neighborhood of North Richland Hills and is located near Highway 121, just off Precinct Line Road. Both residences are leased: 9269 has a lease through 01-01-2027, while 9271 is occupied on a month-to-month basis. The property was built in 1986 and is served by Birdville ISD.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms per unit
- 1‑car garage provided for each residence
- 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 | $30.4k | $12.12 |
| − Vacancy | −$3.4k | −$1.36 |
| EGI | $27.0k | $10.76 |
| − OpEx | −$8.1k | −$3.23 |
| NOI | $18.9k | $7.53 |
2,512 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.3K
$236.5K – $315.4K
NOI $18,923 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$235.0K
$205.6K – $274.2K
NOI $16,451 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$883.6K
$773.2K – $1.03M
NOI $61,855 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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 units offer three bedrooms, two bathrooms, updated kitchens, and central HVAC in North Richland Hills.
Where is this duplex located?
The property is located at 9269 & 9271 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‑unit duplex with 3 bedrooms and 2 bathrooms per unit; 1‑car garage provided for each residence; Renovated bathrooms with tiled showers and granite countertops
