About this home

Rare Fully Leased Brick Duplex in Lake Highlands! Cash Flow from Day One! A rare opportunity to acquire a large, single-story brick duplex in one of Lake Highlands' most desirable residential neighborhoods. Fully leased and income-producing, this property offers investors immediate cash flow in the highly regarded Richardson ISD. Each unit offers approximately 1,606 square feet of living space with three bedrooms, two full baths, a brick fireplace, skylights, and an attached two-car garage. Ownership has made substantial in major functional improvements over the past several years, significantly reducing near-term capital expenses for the next owner: New roof with new decking and radiant barrier. Both HVAC systems replaced, including condensers, heat exchangers, and select ductwork. Popcorn ceilings removed and retextured throughout. Carpet removed and replaced with durable laminate flooring. Unit 7113 has been expanded to include a walk-in closet and an enclosed, climate-controlled sunroom, plus a large detached workshop with electricity and Air Conditioning, a standout feature for tenants and a strong value-add. Both units are currently leased. Please do not disturb tenants. No Subject To Offers will be considered. No Seller Financing Offers will Be Considered. All offers must be sumitted on the proper Texas Real Estate Commission One to Four Contract along with related addendums and proof of funds.

Facts and features

Schools

• Merriman Park Elementary School

  elementary · K-5 · 0.3 mi

  8

• Lake Highlands High School

  high · 9-12 · 0.7 mi

  5

• Forest Meadow Junior High School

  middle · 6-8 · 1.4 mi

  4

• White Rock North School

  elementary · 0.3 mi

• Montessori Children's House & School

  elementary · 0.4 mi

• Scofield Christian School

  elementary · PK-6 · 0.6 mi

Price history

• Sep 25, 2026 · Listed$825,000
• May 22, 2021 · Listing Removed$2,200
• May 14, 2021 · Listed For Rent$2,200
• Jun 4, 2019 · Listing Removed$2,100
• May 15, 2019 · Listed For Rent$2,100
• Mar 25, 2017 · Listing Removed$2,100
• Feb 12, 2017 · Listed For Rent$2,100
• Dec 12, 2014 · Listing Removed$1,800

Tax history

• 2025$15,768 tax · $674,440 assessed
• 2023$14,660 tax · $604,810 assessed
• 2022$15,906 tax · $604,810 assessed
• 2021$11,955 tax · $429,960 assessed
• 2020$12,288 tax · $435,640 assessed
• 2019$11,794 tax · $415,080 assessed
• 2018$11,488 tax · $389,020 assessed
• 2017$9,895 tax · $350,000 assessed

Home value

$808,338

• Quantarium$808,338
• Collateral Analytics$684,000
• Cotality$812,500

Where it is