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2322 Summer Place Drive

Arlington, TX 76014

$495,000

2 units · 1984

Units2
Building area2,268 sq ft
Year built1984
Gross income$39,000/yr
Cap rate6.87% as listed
Parking4 spaces
Lot size0.068 acres
TypeDuplex

What it costs to own

Taxes$4,725 per year
HOANone listed
Operating expenses$2,000 per year — as listed
Insurance$3,000 per year — as listed
Net operating income$34,000 per year — as listed

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

About this home

Excellent Investment Opportunity – Entire Duplex for Sale 2320 & 2322 Summer Place Dr, Arlington, TX 76014

Excellent opportunity to own an income-producing duplex in Arlington with both units included in the sale. The property offers approximately 2,268 sq. ft. of total living space and provides a unique advantage: each unit has its own separate deed, tax record, electric meter, and water meter, giving the future owner exceptional flexibility.

Both units feature similar floor plans with 2 bedrooms, 2 full bathrooms, spacious living areas with fireplaces, and covered parking for 2 vehicles per unit. Each residence also includes its own private, fully fenced backyard, providing comfortable and secluded outdoor space.

Unit 2322 received a new AC condenser and coil in April 2026. The property has no HOA.

Both units are currently leased and generate a combined $3,250 per month ($39,000 annually) in rental income, with tenants responsible for all utilities. Long-term tenants—approximately 5 years and 2 years—provide established rental history and immediate cash flow from day one.

This property offers multiple investment strategies: continue renting both units, occupy one and rent the other, or potentially keep one unit and sell the other in the future due to the separate deeds and tax records.

Convenient Arlington location with access to shopping, dining, major roadways, and area attractions.

Please do not disturb tenants. Showings by appointment only. Interior photos were taken prior to the current tenants' occupancy.

The details

HeatingCentral
CoolingCentral Air
FlooringOther, Vinyl
AppliancesElectric Oven, Electric Range
Interior featuresOpen Floorplan, Other

Construction materialsBrick, Concrete
RoofOther
FoundationOther

Water sourceCity Water
SewerCity Sewer

SubdivisionSummer Place Twnhms Add

ElementaryGoodman
Middle schoolFerguson
High schoolArlington
DistrictArlington ISD

Gross income$39,000 per year
Operating expenses$2,000 per year
Insurance$3,000 per year
Cap rate6.87% — as listed
Net operating income$34,000 per year

MLS #21403433
Source
Price changeReduced by $20,000 · Oct 16, 2026
On the market11 days
CountyTarrant

Around this home

One moment…

Everyday life

Nearest groceryKroger · 0.4 mi
Nearest parkBrantley Hinshaw Park · 0.5 mi

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Listing courtesy of JPAR Dallas — Peter Truong.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21403433. Information last updated October 16, 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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