Contemporary Duplex with Covered
For Sale
$1,048,000
1005-07 Mt Auburn Avenue, Dallas, TX 75223
Mirrored duplex units each offer open-concept kitchens, hardwood floors, and access to a covered deck and fenced yard.
Property Size4,030 SF
Price / SF$260.05
Days on Market184
Property Features for 1005-07 Mt Auburn Avenue
General Information
Standard status
Active
Size
4,030 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Full Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
Central Air
Central
Carpet, Ceramic Tile, Wood
Dishwasher, Disposal, Gas Range, Tankless Water Heater
Cable TV Available, Granite Counters, Kitchen Island, Loft, Open Floorplan, Pantry, Smart Home System, Walk-In Closet(s)
Yes
Composition
Two
Back Yard, Fenced
No
Covered Patio/Porch
2
Slab
Public Records
Siding
Covered, Deck, Rear Porch
Building Details
Year Built
2021
Buildings
1
Listing Agency:
Evolve Real Estate LLC
Listed By:
Carri Fung · License #0690933
(415) 299-7189
Source:
Compass
Added: Mar 8
Changed: Aug 8
Last Checked: Aug 7 at 7:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Evolve Real Estate LLC
Investment Insights
Based on property information with market context.
This contemporary duplex features mirrored floor plans on each side, offering a comfortable, functional layout for everyday living and entertaining. Each unit includes an open-concept kitchen with a large island, walk-in pantry, stainless steel appliances, and a gas range flowing into the main living space. Hardwood floors run throughout, and abundant natural light enhances the airy feel. Upstairs, all bedrooms are located along with a versatile loft space, while the generously sized primary suite includes an ensuite bathroom and dual closets. A conveniently located upstairs laundry room adds practicality. Outside, both sides offer a large covered deck overlooking a private, fenced backyard.
Both sides have been refreshed with interior paint, and the 1007 side features new flooring. There is no HOA. The property has been operating with short-, mid-, and long-term rental opportunities, with each side generating $3,800+ per month.
With easy access to Downtown Dallas and proximity to the Santa Fe Trail, White Rock Lake, and nearby golf courses, this duplex is positioned for lifestyle and convenience.
Both sides have been refreshed with interior paint, and the 1007 side features new flooring. There is no HOA. The property has been operating with short-, mid-, and long-term rental opportunities, with each side generating $3,800+ per month.
With easy access to Downtown Dallas and proximity to the Santa Fe Trail, White Rock Lake, and nearby golf courses, this duplex is positioned for lifestyle and convenience.
Key Highlights
- 2021‑built 2‑unit duplex with mirrored floor plans
- Each unit features an open‑concept kitchen with a large island, walk‑in pantry, and gas range plus stainless steel appliances
- Central air and central heating, with hardwood flooring throughout and carpet/ceramic tile/wood flooring in place
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
$70,861
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
6.76%
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%
$1,417,220
$1.4M
Cap Rate 7%
$1,012,300
$1.0M
Cap Rate 9%
$787,344
$787.3K
Market Conditions
NOI Build-Up for 4,030 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
$112.7K $27.96/SF
− Vacancy
−$11.4K −$2.84/SF
EGI
$101.2K $25.12/SF
− OpEx
−$30.4K −$7.54/SF
NOI
$70.9K $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%
$1,417,220
Cap Rate 7%
$1,012,300
Cap Rate 9%
$787,344
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.8K – $1.18M
NOI $70,861 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$875.4K
$766.0K – $1.02M
NOI $61,280 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$4.84M
$4.23M – $5.64M
NOI $338,497 @ 7.0% cap · market cap 32.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
526
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?
Duplex - Mirrored duplex units each offer open-concept kitchens, hardwood floors, and access to a covered deck and fenced yard.
Where is this duplex located?
The property is located at 1005-07 Mt Auburn Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $1,048,000.
What are key features of this property?
This property features: 2021‑built 2‑unit duplex with mirrored floor plans; Each unit features an open‑concept kitchen with a large island, walk‑in pantry, and gas range plus stainless steel appliances; Central air and central heating, with hardwood flooring throughout and carpet/ceramic tile/wood flooring in place
