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    3829 Northwest Pkwy Dallas, TX 75225

    Sponsored
    For Sale
    $1,299,000

    Duplex - University Park, TX

    Type:Duplex
    Property size:
    3,700 SF
    Lot size:
    0.26 Acres
    Days on Market:
    21
    Last Refresh:
    Feb 5 at 1:06 am

    Property Features for 3829 Northwest Pkwy

    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
    6
    Bathrooms
    5
    APN
    60218500740190000
    Parking
    3
    Parking features
    Driveway, Garage, Side by Side
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Double Vanity, Granite Counters, High Speed Internet Available, Loft, Natural Woodwork, Paneling, Pantry
    Exterior features
    Covered Patio/Porch, Rain Gutters, Private Yard, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Electric, Cooktop - Gas, Dishwasher, Garbage Disposer, Washer
    Size
    3,700 SF
    Lot size
    0.26 Acres

    Utilities

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

    Building Details

    Year built
    1960
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Brick, Fiber Cement
    Roof type
    Asphalt, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    John Prell
    John Prell

    Creekview Realty (214) 696-4663

    Listing agent John Prell (214) 696-4663 License #0493630

    Listing date Jan 16, 2026

    MLS# 21041706 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

    University Park Duplex Investment Opportunity

    This full duplex, located at 3829-3831 Northwest Parkway in University Park, Texas, is situated within the highly sought-after Highland Park Independent School District. The property is centrally located in the Preston and Hillcrest corridor, offering convenient access to Northwest Highway, the North Dallas Tollway, and 75 Central Expressway, facilitating easy commutes to downtown Dallas, Love Field, and other areas of North Dallas. Preston Center's restaurants, shopping center, business and medical offices are within a five-minute walk. The award-winning Hyer Elementary School is a three-minute drive away. Nearby parks and playgrounds are an added benefit. This 0.26-acre lot presents a great investment opportunity for an owner, occupant-landlord, or developer looking to construct a new duplex. Unit 3829, encompassing 2,300 square feet with 4 bedrooms, 3 bathrooms, and a 2-car garage (including the upstairs area), is currently vacant. Unit 3831, offering 1,400 square feet with 2 bedrooms, 2 bathrooms, and a 1-car garage, is currently occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store 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
    -96.797666
    Latitude
    32.865124

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    FAQs

    What type of property is this?
    Duplex - Duplex in Highland Park ISD, great location and investment potential.
    Where is this duplex located?
    The property is located at 3829 Northwest Pkwy Dallas, TX.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Located in highly sought-after Highland Park ISD.; - Prime location in the Preston and Hillcrest corridor with quick access to major highways.; - Walking distance to Preston Center's restaurants, shopping, and business offices.
    (512) 444-8778
    Request Owner's contact information
    3829 Northwest Pkwy Dallas, TX 75225
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    Dallas, TX 75225
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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
    3829 Northwest Pkwy Dallas, TX 75225
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    We can help!
    Listing Contact
    John Prell
    John Prell
    Real Estate License ID: 0493630
    (512) 444-8778
    Learn more
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