Contemporary Duplex with Covered
For Sale
$1,048,000
1005 /07 Mount Auburn Ave, Dallas, TX 75223
Two mirrored residences feature open kitchens, lofts, fenced outdoor space, and flexible rental use.
Property Size4,030 SF
Price / SF$260.05
Days on Market75
Property Features for 1005 /07 Mount Auburn Ave
General Information
Standard status
Active
Size
4,030 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2021
Buildings
1
Construction
contemporary
Listing Agency:
Evolve Real Estate LLC
Listed By:
Carri Fung · License #0690933
(972) 806-1742
Source:
Thebryandavisgroup
Added: Aug 5
Changed: Oct 2
Last Checked: Oct 16 at 11:28AM
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
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Investment Insights
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Built in 2021, this 4,030-square-foot duplex contains two mirrored residences with open-concept kitchens, large islands, walk-in pantries, stainless steel appliances, and gas ranges. Hardwood flooring, abundant natural light, spacious bedrooms, primary suites with ensuite baths and dual closets, and upstairs laundry rooms serve both sides. Each residence also includes an upstairs loft suitable for office, recreation, or exercise use.
A large covered deck extends to a private fenced backyard. Interior paint has been refreshed throughout both units, and the 1007 side has new flooring. The property is at 1005/07 Mount Auburn Ave in Dallas, near the Santa Fe Trail, White Rock Lake, and nearby golf courses, with access to Downtown Dallas. There are no HOAs, and the duplex supports short-term, mid-term, and long-term rental opportunities.
A large covered deck extends to a private fenced backyard. Interior paint has been refreshed throughout both units, and the 1007 side has new flooring. The property is at 1005/07 Mount Auburn Ave in Dallas, near the Santa Fe Trail, White Rock Lake, and nearby golf courses, with access to Downtown Dallas. There are no HOAs, and the duplex supports short-term, mid-term, and long-term rental opportunities.
Key Highlights
- 4,030‑square‑foot duplex built in 2021
- Two mirrored units with open kitchens, large islands, walk‑in pantries, and gas ranges
- Upstairs bedrooms, loft spaces, primary suites, and laundry rooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,861
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences feature open kitchens, lofts, fenced outdoor space, and flexible rental use.
Where is this duplex located?
The property is located at 1005 /07 Mount Auburn Ave 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: 4,030‑square‑foot duplex built in 2021; Two mirrored units with open kitchens, large islands, walk‑in pantries, and gas ranges; Upstairs bedrooms, loft spaces, primary suites, and laundry rooms in each unit
