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$290,000

NAL Estimated Property Value

406 N Elm St, Arlington, TX, 76011

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths960 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$352.58 / sqft
Year BuiltBuilt in 1924

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Gas Water Heater, Convection Oven, Refrigerator
FlooringCeramic Tile, Wood

Exterior

Lot Size6,996 sqft

Building Information

Year Built1924

Land Information

APN13945----1----1---E2
Lot Number1
SubdivisionFitzhugh & Collins Addition
Land UseResidential
Legal DescriptionFITZHUGH & COLLINS ADDITION BLOCK 1 LOT 1 LESS PORTION WITH EXEMPTION 29% OF LAND VALUE
Census Tract122200
Assessed Land Value$8,120
Assessed Improvement Value$189,753
Assessment Year2025

About this property

Unique and one of a kind property inside the Arlington Entertainment District which allows short term rentals! Close to UTA, AT&T Stadium and just down the road from Globe Life Field and Texas Live - less than 15 min walk! This owner occupied home comes with a 2 story duplex in the back down the side driveway with a dwelling on top that has 1 bd 1 bath, den and kitchen on each floor. the top is now vacant. This 1920's home has unbelievable character and charm. The inviting front porch has 2 entrances to the home. The living room in front is spacious and is next to the formal dining room that has a beautiful chandelier. The kitchen has tile counters, good cabinets space, a 2 burner cooktop on one side and a griddle on the other. The stove is both a convection oven and microwave. A serving bar goes out to the sitting room with fireplace. The aviary - arboretum is huge inside the home and has trees, plants, gorgeous large bougainvillea with pink flowers and other beautiful plants surrounded by rock and has a running fountain - it is all central air and heat. The owner leases out a large bedroom with it's own separate entrance with bdrm, kitchenette and bath and window units for $800 month - perfect for UTA students. 2 long term tenants. The duplex leases for $1100 and $1,000. The house is 2 bdrm 2.5 baths with 2 living areas plus the arboretum. The owner has replaced all windows, roof, AC, water heater and the hardie plank siding. The master bath has rocked-in bathtub and huge skylight - it is a treasure! The library room is really a nice sitting room with gas fp that overlooks the arboretum. Please check for accuracy of room sizes. The duplex units are appx 635 each sf per owner. This has been used as an Air b&B. The tad sq ft is different from the appraisal sq footage - please verify. The utilities are all included and paid by the owner. The carport is on the side and is close to the side entry. The alley is city maintained - gravel

Investor Tools

Property Icon
$290,000
Estimated Property Value
$0Estimated Mortgage Balance
$290,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,114 /month
Positive
Cash Flow Estimate:
$1,038 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,204
$197,873
2025
$8,120
$189,753
$197,873
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,204
$197,873

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$290,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
N/A
+$1,927/mo
8.0%

Learn About the Market: Opportunity in Texas

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Explore

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: Arlington

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406 N Elm St | Property Details | No Agent List