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B+
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$280,000

129/131 NE 22ND Street, Grand Prairie, TX, 75050

Off MarketInfo
Beds5 Beds
Baths2 Bath
DuplexDuplex
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Electric Water Heater
FlooringVinyl

About this property

Updated duplex built in 1953 featuring a 3BR 1BA unit and a 2BR 1BA unit—an excellent opportunity for investors seeking durable cash flow with major systems already addressed. Both units offer central HVAC, updated electrical panels, and updated plumbing with PEX water lines and PVC sewer. Foundation work completed in 2025 and the roof is approximately 6 years old. Separately metered for water and electric, with tenants paying all utilities, keeping operating expenses low. Current rental income $2800 per month. Current tenancy provides flexibility and stability with one unit month-to-month and the other leased through October 2026. Convenient Grand Prairie location with strong rental demand—ideal as a buy-and-hold. Agent Owned Buyer to verify schools and measurements.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,680 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Grand Prairie

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129/131 NE 22ND Street | Property Details | No Agent List