$465,500
PENDING $14K PRICE DROP

357 and 359 Orbit Dr Lavon, TX 75166

Lavon Area

Estimated payment $3,030/month

Total Views 2,532
6 Beds
4 Baths
2,536 Sq Ft
$184 Price per Sq Ft

Highlights

  • 1 Car Attached Garage
  • Tile Countertops
  • 1-Story Property
  • Eat-In Kitchen
  • Tile Flooring
  • Ceiling Fan

About This Home

50% Leased! Don't miss this incredible opportunity to own and investment at the same time in the desirable Grand Heritage Subdivision. The property has a strong history of rental occupancy. Both units, each offering 1,268 sqft of living space. The lease for unit 357 expires on June 30, making this property a perfect candidate for a buyer who wants to live on one side and rent out the other. Each unit features a spacious floor plan with 3 bedrooms, 2 full bathrooms, a desirable layout, wood-look tile, upgraded fixtures, tile kitchen countertops and backsplash, and desirable amenities like a tandem front-entry garage, decorative lighting, and a separate utility room large enough to fit a full-size washer and dryer. Residents and tenants will also enjoy the oversized fenced backyard, sprinkler system, and covered porches. The community itself is packed with perks, including a clubhouse, large community pool, splash pad, fitness center, business center, jogging paths, and playgrounds. Community is close to Lavonia Park with access to Lake Lavon.

Listing Agent

Erion Shehaj

Signature Real Estate Brokerage Phone: 713-952-3200 License #0516948 Listed on: 05/11/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,504

Year Built

  • Built in 2013

Lot Details

  • 5,358 Sq Ft Lot
  • Wood Fence
  • Back Yard

HOA Fees

  • $96 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Nesmith Elementary School
  • Community Trails Middle School
  • Community High School

Utilities

  • Cooling Available
  • Heating Available
  • Underground Utilities

Listing and Financial Details

  • Legal Lot and Block 19AB / B
  • Assessor Parcel Number R959100B019B1

Community Details

Overview

  • Association fees include ground maintenance
  • 2 Units
  • 2,536 Sq Ft Building
  • Grand Heritage Association
  • Grand Heritage West C Subdivision

Building Details

  • Gross Income $40,680
  • Net Operating Income $21,553

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,504

Year Built

Built in 2013

Lot Details

5,358 Sq Ft Lot

HOA Fees

$96 per month

Parking

1

Listing Details

  • OWNERNAME: Ellement Revocable Trust
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 713-952-3200
  • CapRate: 4.63
  • Co List Office Mls Id: SGTR01
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48085:R959100B019B1
  • Special Features: VirtualTour
  • Year Built: 2013

Interior Features

  • Interior Amenities: Eat-in Kitchen, Pantry, Tile Counters
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Range

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Slab
  • Fencing: Back Yard, Wood
  • Roof: Shingle
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Ceiling Fan(s), Electric
  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Utilities: Sewer Available, Underground Utilities, Water Available
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • Association Fee: 1152.0
  • Association Fee Frequency: Annually
  • Association Name: Grand Heritage Association

Schools

  • Elementary School: Nesmith
  • High School: Community
  • Junior High Dist: Community ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.123
  • Parcel Number: R959100B019B1
  • Lot Size Acres: 0.123
  • Lot Size Sq Ft: 5357.88

Building Info

  • Year Built: 2013
  • Units Total: 2

Multi Family

  • Insurance Expense: 1836.0
  • Annual Gross Income: 40680.0
  • Property Net Operating Income: 21553.0

Tax Info

  • TaxBlock: B
  • Tax Lot: 19AB
  • Tax Annual Amount: 4504.0

MLS Schools

  • MiddleOrJuniorSchool: Community Trails

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/20/2026 07/20/26 Pending -- -- --
06/05/2026 06/05/26 Price Changed $465,500 -3.0% $184 / Sq Ft
05/11/2026 05/11/26 For Sale $479,900 -- $189 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21266519

North Texas Real Estate Information Systems (NTREIS)
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