New Construction
For Sale
$720,000
4004 & 4006 S Denley Drive, Dallas, TX 75216
ResidentialIncome, Dallas, TX
Property Size3,442 SF
Lot Size0.28 Acres
Price / SF$209.18
Days on Market47
Property Features for 4004 & 4006 S Denley Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 8, Bathroom 7, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 5
Parking
4
Parking features
Open, Driveway, Garage
Interior features
BuiltInFeatures, Chandelier, DryBar, DecorativeDesignerLightingFixtures, DoubleVanity, HighSpeedInternet, KitchenIsland, OpenFloorplan, Pantry, VaultedCeilings, NaturalWoodwork, WalkInClosets, WiredForSound
Exterior features
PrivateYard, RainGutters
Fencing
Gate, Fenced
Fireplace
1
Appliances
Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, VentedExhaustFan
Subdivision
Bellevue
Lot features
Acreage
Elementary school
Bryan
Middle school
Storey
High school
Southoakcl
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
See GPS
Standard status
Active
APN
00000316873000000
Size
3,442 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
BELLEVUE BLK 27/4324 LOT 8
Legal Description
BELLEVUE BLK 27/4324 LOT 8
Utilities
Sewer type
Public Sewer
Heating system
Central, Fireplace(s), Electric (Heating)
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
BoardAndBattenSiding, Brick
Roof type
Shingle, Composition
Listing Agency:
Monument Realty
Listed By:
Malia Leslie · License #0812842
(214) 705-7827
Added: Aug 4
Changed: Sep 18
Last Checked: Sep 19 at 5:06PM
MLS# 21349751
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.
Investment Insights
Based on property information with market context.
This under-construction duplex contains 3,442 square feet across two residences, with 1,721 square feet per side. Each unit includes three private suites, with a full bathroom and walk-in closet serving every bedroom, along with a downstairs powder room. Interior details include quartz kitchen backsplashes, island seating, walk-in pantries, linear LED fireplaces, soaking tubs, rain showers, backlit mirrors, porcelain bathroom tile, LVP flooring, built-in stair storage, and ceiling fans throughout. Each side also has a covered patio, privacy-fenced yard, and a two-car garage. Stainless steel ovens, microwaves, and dishwashers are included.
The property is located at 4004 & 4006 S Denley Drive in Dallas, with two DART Blue Line stations within 0.6 mile, the Dallas VA Medical Center under a mile away, and Cedar Crest Golf Course approximately 1.6 miles away. Public water and public sewer serve the property, and the lot measures 0.2795 acres.
The property is located at 4004 & 4006 S Denley Drive in Dallas, with two DART Blue Line stations within 0.6 mile, the Dallas VA Medical Center under a mile away, and Cedar Crest Golf Course approximately 1.6 miles away. Public water and public sewer serve the property, and the lot measures 0.2795 acres.
Key Highlights
- 3,442‑square‑foot duplex with 1,721 square feet per side
- Three private suites per unit, each with a full bathroom and walk‑in closet
- Two‑car garage per side, providing four garage spaces total
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,522
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,210,440
$1.2M
Cap Rate 7%
$864,600
$864.6K
Cap Rate 9%
$672,467
$672.5K
Market Conditions
NOI Build-Up for 3,442 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.2K $27.96/SF
− Vacancy
−$9.8K −$2.84/SF
EGI
$86.5K $25.12/SF
− OpEx
−$25.9K −$7.54/SF
NOI
$60.5K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,210,440
Cap Rate 7%
$864,600
Cap Rate 9%
$672,467
Alternative Uses
Best Use
Multifamily LT 5
$864.6K
$756.5K – $1.01M
NOI $60,522 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$747.7K
$654.2K – $872.3K
NOI $52,339 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$4.13M
$3.61M – $4.82M
NOI $289,108 @ 7.0% cap · market cap 40.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 75216, TX
55,759
Population
20,612
Households
2.7
Avg Household Size
34
Median Age
9%
College-Educated
70%
High-School Grad
14.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$37,613
Median Household Income
$31,020
Median Earnings
$1,169
Median Rent
$138,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer private suites, upgraded finishes, fenced outdoor space, and separate two-car garages.
Where is this duplex located?
The property is located at 4004 & 4006 S Denley Drive Dallas, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 3,442‑square‑foot duplex with 1,721 square feet per side; Three private suites per unit, each with a full bathroom and walk‑in closet; Two‑car garage per side, providing four garage spaces total
