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    The Largest CRE Database in the US with Over 1 Million Listings

    2009/2011 N Prairie Ave Dallas, TX 75204

    Sponsored
    For Sale
    $1,799,992

    Duplex - Dallas, TX

    Type:Duplex
    Property size:
    6,296 SF
    Lot size:
    0.07 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 22 at 4:06 am

    Property Features for 2009/2011 N Prairie Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    8
    APN
    000653000D0340000
    Parking
    4
    Parking features
    Covered, Driveway, Garage, On Street, Open, Other, Oversized, Side by Side
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Cable Tv Available, Cathedral Ceiling(s), Chandelier, Decorative Lighting, Double Vanity, Eat-in Kitchen, Granite Counters, High Speed Internet Available, In-law Suite Floorplan, Kitchen Island, Natural Woodwork, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-in Closet(s), Second Primary Bedroom
    Exterior features
    Balcony, Courtyard, Covered Patio/Porch, Dog Run, Private Entrance, Private Yard, Other, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Range - Gas, Washer
    Size
    6,296 SF
    Lot size
    0.07 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Fireplace(s), Fireplace Insert, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2017
    Floors in Building
    2
    Flooring type
    Hardwood, Tile, Tile - Ceramic, Wood
    Building materials
    Brick
    Roof type
    Flat, Mixed
    Architectural style
    Other
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Lanae Humbles

    Twenty-Two Realty (817) 703-2012

    Listing agent Lanae Humbles (817) 703-2012 License #0610093

    Listing date Feb 19, 2026

    MLS# 21137395 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Producing Contemporary Dallas Duplex

    This contemporary-style duplex offers a blend of suburban tranquility and urban convenience in Dallas. The gated entry provides added security, leading to a bright, open-concept foyer with a sitting area, tall ceilings, hardwood flooring, and a modern aesthetic. The interior has been freshly painted. The kitchen features stainless steel appliances, a gas range with a pot filler, a large breakfast island, and a walk-in pantry with built-in storage. The combined dining and living area includes a fireplace. A mudroom is located off the garage. Upstairs, there is a game room and an oversized laundry room with built-in cabinets and counter space. The primary suite includes a soaking tub, double sinks, a separate shower with body sprays, and a custom closet. A second primary suite is suitable for multi-generational living. Multiple balconies offer private outdoor retreats, and a large covered patio downstairs is suitable for outdoor gatherings. A tall privacy fence and low-maintenance landscaping enhance relaxation. Located in Fakes Park Place, the property is near parks, recreational facilities, schools, shopping centers, restaurants, Deep Ellum, and the Baylor Medical District. The 0.07-acre lot contains a 6,296 square foot property currently used as an Airbnb. The property is being used as an Airbnb.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.780049
    Latitude
    32.807701

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    FAQs

    What type of property is this?
    Duplex - Contemporary duplex in Dallas, ideal for income generation.
    Where is this duplex located?
    The property is located at 2009/2011 N Prairie Ave Dallas, TX.
    What is the asking price?
    The asking price for this property is $1,799,992.
    What are key features of this property?
    This property features: - Income-producing duplex currently operating as a fully furnished Airbnb in a sought-after Dallas location.; - Two primary suites, ideal for multi-generational living or co-living arrangements.; - **Modern design with open floor plan, hardwood floors, and a gourmet kitchen featuring stainless steel appliances and a large pantry.**
    (817) 703-2012
    Request Owner's contact information
    2009/2011 N Prairie Ave Dallas, TX 75204
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    Dallas, TX 75204
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2009/2011 N Prairie Ave Dallas, TX 75204
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    We can help!
    Listing Contact
    Lanae Humbles
    Real Estate License ID: 0610093
    (817) 703-2012
    Learn more
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