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1006 Thannisch Drive

Arlington, TX 76011

$1,325,000

8 units · 1972

Units8
Building area6,000 sq ft
Year built1972
Gross income$227,919/yr
Cap rate12.67% as listed
Parking26 spaces
Lot size0.468 acres
TypeResidential Income

What it costs to own

Taxes$21,955 per year
HOANone listed
Operating expenses$60,040 per year — as listed
Insurance$1 per year — as listed
Net operating income$167,880 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Incredible location! Just 0.6 miles from AT&T Stadium and literally across the street from a paid Cowboys parking lot, this rare opportunity offers a fully furnished, turnkey 8-unit short-term rental property in Arlington's highly sought-after Entertainment District. This well-maintained investment combines a proven operating history with opportunities for future growth and optimization.

The property places guests within walking distance of AT&T Stadium, Globe Life Field, Choctaw Stadium, Texas Live!, and the National Medal of Honor Museum, with Six Flags Over Texas, dining, shopping, and entertainment just minutes away. The area's year-round sporting events, concerts, conventions, and attractions help drive consistent visitor demand.

Significant recent improvements include brand-new siding and replacement windows, reducing future maintenance while enhancing curb appeal. The property features eight 1-bedroom, 1-bath units with mirrored floor plans and a variety of quality finish selections, including different granite countertops, tile, and bedding configurations. Several units have already been upgraded with in-unit laundry, with an additional unit already plumbed for installation. Completing laundry in the remaining units offers an opportunity to further enhance the guest experience and increase rental potential.
The property offers 26 on-site parking spaces, with room for potential expansion, providing further opportunity for income subject to applicable city permitting and regulations.
Whether you're looking to expand your investment portfolio or acquire a unique income-producing asset in one of North Texas' premier entertainment destinations, this exceptional property offers a rare combination of location, current legal short-term rental eligibility, recent capital improvements, proven guest appeal, and future upside potential.

The details

HeatingCentral
CoolingCeiling Fan(s), Central Air
FlooringLaminate
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
Interior featuresDecorative Lighting, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Multiple Staircases, Walk-In Closet(s)

Construction materialsVinyl Siding, Wood
RoofComposition
FoundationSlab

Lot featuresFew Trees, Lrg. Backyard Grass, Other
FencingBack Yard, Wood
Water sourceCity Water, Individual Water Meter
SewerCity Sewer
ElectricElectricity Available, Electricity Connected
UtilitiesIndividual Gas Meter

SubdivisionAvondale Place Add

ElementaryWebb
Middle schoolNichols
High schoolLamar
DistrictArlington ISD

Gross income$227,919 per year
Operating expenses$60,040 per year
Operating includesLicenses, Maintenance, Maintenance Grounds, Maintenance Structure, Pest Control, Trash, Utilities, Vacancy Allowance, Water/Sewer
Insurance$1 per year
Cap rate12.67% — as listed
Net operating income$167,880 per year

Energy featuresThermostat, Windows

MLS #21340384
Source
Price changeReduced by $170,000 · Oct 22, 2026
On the market42 days
CountyTarrant

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 0.5 mi
Nearest parkGeorge Stevens Park · 0.7 mi

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Listing courtesy of Duncan Real Estate Co. — Victoria King.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21340384. Information last updated October 22, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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