Updated Triplex with Detached
New
For Sale
$399,999
5341 Ash Lane, Dallas, TX 75223
ResidentialIncome, Dallas, TX
Property Size1,700 SF
Lot Size0.17 Acres
Price / SF$235.29
Days on Market2
Property Features for 5341 Ash Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
3
Parking features
Driveway
Interior features
EatInKitchen, HighSpeedInternet, CableTv
Appliances
Microwave
Subdivision
East We Go
Elementary school
Roberts
Middle school
Long
High school
Woodrow Wilson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
See GPS
Standard status
Active
APN
00000163357000000
Size
1,700 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
EAST WE GO BLK N/1611 LOT 3
Tax Annual Amount
7994
Legal Description
EAST WE GO BLK N/1611 LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1909
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Roof type
Composition
Listing Agency:
OmniKey Realty, LLC.
(972) 480-8280
Listed By:
Bernard Bell · License #0718117
(972) 480-8280
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:06PM
MLS# 21366189
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 triplex includes three occupied residences arranged as a duplex plus a separate detached building. Each unit provides two bedrooms and one bathroom within a combined 1,700-square-foot property. Interior improvements include neutral vinyl flooring throughout, white wall and trim finishes, marble-look bathroom tile, white vanities, tub-and-shower combinations, and kitchens with black appliances and contrasting countertops. Central heating and central air conditioning serve the units, while driveway parking is provided. Public water and public sewer support the property.
The property is located at 5341 Ash Lane in Dallas, near the Santa Fe Trail, White Rock Lake, Tenison Golf Course, Lakewood Golf Course, Greenville Avenue, Lakewood, and SMU. Downtown Dallas is also accessible from the property. The lot encompasses 0.172 acres, and the building dates to 1909.
The property is located at 5341 Ash Lane in Dallas, near the Santa Fe Trail, White Rock Lake, Tenison Golf Course, Lakewood Golf Course, Greenville Avenue, Lakewood, and SMU. Downtown Dallas is also accessible from the property. The lot encompasses 0.172 acres, and the building dates to 1909.
Key Highlights
- Three total units, including a duplex and separate detached building
- All units are occupied and configured with 2 bedrooms and 1 bath
- 1,700 square feet on a 0.172‑acre lot
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
$29,892
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
7.47%
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%
$597,840
$597.8K
Cap Rate 7%
$427,029
$427.0K
Cap Rate 9%
$332,133
$332.1K
Market Conditions
NOI Build-Up for 1,700 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
$47.5K $27.96/SF
− Vacancy
−$4.8K −$2.84/SF
EGI
$42.7K $25.12/SF
− OpEx
−$12.8K −$7.54/SF
NOI
$29.9K $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%
$597,840
Cap Rate 7%
$427,029
Cap Rate 9%
$332,133
Alternative Uses
Best Use
Multifamily LT 5
$427.0K
$373.7K – $498.2K
NOI $29,892 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$369.3K
$323.1K – $430.8K
NOI $25,850 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,790 @ 7.0% cap · market cap 35.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Explore this area
Business Placement
Demographics for 75223, TX
13,898
Population
4,872
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
65%
High-School Grad
3.1 sq mi
ZIP Area
4,483
Density / Sq Mi
$66,641
Median Household Income
$35,470
Median Earnings
$1,363
Median Rent
$244,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied two-bedroom units offer vinyl flooring, central HVAC, and updated kitchens and baths.
Where is this triplex located?
The property is located at 5341 Ash Lane Dallas, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Three total units, including a duplex and separate detached building; All units are occupied and configured with 2 bedrooms and 1 bath; 1,700 square feet on a 0.172‑acre lot
