3425 and 3427 Republic Drive, Forest Hill, TX 76140
Local realty services provided by:ERA Courtyard Real Estate
Listed by: maria madigan
Office: great real estate, inc.
MLS#:21383328
Source:GDAR
Price summary
- Price:$374,975
- Price per sq. ft.:$144.22
About this home
Turnkey Full Duplex in Forest Hill – High-Yield Investment Opportunity
Excellent opportunity to acquire a cash-flowing, renovated, low-maintenance full duplex located at 3425 & 3427 Republic Dr, Forest Hill, TX. Perfect for a portfolio addition or a house-hack investor looking to live in one side while letting the neighboring tenant pay down the mortgage.
Financial and Property Highlights:
• Strong Performance Metrics: Delivering an incredible 7.56% Cap Rate for self-managed owners, or a strong 6.78% Cap Rate under professional management.
• Clean Operational Structure: Tenants pay 100% of all utilities (individually metered for electric, water, and trash), leaving zero seasonal utility risk or overhead drag for the owner.
• Immediate Cash Flow & Showings: Unit 3425 is currently occupied by a stable tenant paying $1,600 per month. Unit 3427 is intentionally vacant, freshly prepared for immediate buyer showings, and has a proven historical rental rate of $1,600 per month.
• Major Capital Expense Completed: Features a brand-new roof (Oct 2026), significantly reducing any near-term maintenance exposure and securing your equity.
• Low Fixed Expenses: Total documented holding costs include $5,279.87 in annual property taxes and $1,640.19 in annual property insurance.
Property Layout:
Each side features a spacious, highly functional 3-bedroom, 2-bathroom layout (6 bedrooms and 4 bathrooms total across the entire asset, totaling approximately 2,600 square feet). Units feature functional open concepts, durable flooring tailored for tenant longevity, and ample dedicated parking.
Positioned in a high-demand rental submarket of Tarrant County with easy transit access across the DFW Metroplex, this asset is optimized for long-term equity growth and steady monthly yields.
Excludes: All tenants personal property....
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Home facts
- Year built:1986
- Subdivision & Development:Heritage Heights Add
- Listing ID #:21383328
- Added:65 day(s) ago
- Updated:November 15, 2026 at 01:04 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Ceramic Tile
- Kitchen Description:Electric Range, Microwave, Refrigerator
- Living area:2,600 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1986
- Building area:2,600 sq. ft.
- Lot area:0.09 Acres
- Construction Materials:Brick
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Everman
- Middle school:Dan Powell,Everman
- Elementary school:Ray
Finances and disclosures
- Price:$374,975
- Price per sq. ft.:$144.22
Features and amenities
- Appliances:Electric Range, Microwave, Refrigerator
Parking
- Total parking spaces:4
- Carport spaces:4
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