Updated Duplex with Covered
For Sale
$825,000
Pending
10524 Ravenscroft, Dallas, TX 75230
ResidentialIncome, Dallas, TX
Property Size3,680 SF
Lot Size0.24 Acres
Days on Market47
Property Features for 10524 Ravenscroft
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking
4
Parking features
Carport, Covered
Security features
Security
Interior features
Chandelier, GraniteCounters, HighSpeedInternet, CableTv, VaultedCeilings, WalkInClosets
Exterior features
PrivateYard
Fireplace
1
Appliances
Dishwasher, GasRange, GasWaterHeater, Microwave, Refrigerator
Subdivision
Crest Meadow Estates
Elementary school
Kramer
Middle school
Benjamin Franklin
High school
Hillcrest
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
Right on Walnut, Take Boedecker down to a left on Ravenscroft.
Standard status
Pending
APN
00000706426020000
Lot size
0.24 Acres
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Flooring type
Hardwood, Vinyl, Carpet
Building materials
Brick, Frame
Roof type
Shingle
Listing Agency:
Compass RE Texas, LLC
Listed By:
Sean Stuart · License #0847802
(214) 814-8100
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 14 at 12:06PM
MLS# 21343669
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.
Located at 10524 Ravenscroft in Dallas, this full duplex contains approximately 3,680 square feet with six bedrooms and four bathrooms across the two units. The property was built in 1969 and sits on 0.2374 acres. Interior features include vaulted ceilings, walk-in closets, granite counters, central heating and cooling, and a mix of vinyl, carpet, and hardwood flooring. Each unit includes covered carport parking, and the property also offers a private yard.
Major systems include a 2023 roof replacement, PVC plumbing throughout, updated water heaters in both units, and foundation work completed in 2018 with a transferable warranty. One unit has been refreshed with LVP flooring, updated fixtures, new paint, and new outlets and switches. Both units are vacant, providing flexibility for an owner-occupant or rental operation.
The property is within Dallas ISD and assigned to Kramer Elementary, Benjamin Franklin Middle, and Hillcrest High School. Its Crest Meadow Estates setting is near Preston Hollow and North Dallas, with access to major roads and nearby daily conveniences.
Major systems include a 2023 roof replacement, PVC plumbing throughout, updated water heaters in both units, and foundation work completed in 2018 with a transferable warranty. One unit has been refreshed with LVP flooring, updated fixtures, new paint, and new outlets and switches. Both units are vacant, providing flexibility for an owner-occupant or rental operation.
The property is within Dallas ISD and assigned to Kramer Elementary, Benjamin Franklin Middle, and Hillcrest High School. Its Crest Meadow Estates setting is near Preston Hollow and North Dallas, with access to major roads and nearby daily conveniences.
Key Highlights
- Full duplex at 10524 Ravenscroft, Dallas, TX 75230
- Approximately 3,680 square feet on 0.2374 acres
- Six bedrooms and four bathrooms across two units
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
$64,707
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
7.84%
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%
$1,294,140
$1.3M
Cap Rate 7%
$924,386
$924.4K
Cap Rate 9%
$718,967
$719.0K
Market Conditions
NOI Build-Up for 3,680 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
$102.9K $27.96/SF
− Vacancy
−$10.5K −$2.84/SF
EGI
$92.4K $25.12/SF
− OpEx
−$27.7K −$7.54/SF
NOI
$64.7K $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%
$1,294,140
Cap Rate 7%
$924,386
Cap Rate 9%
$718,967
Alternative Uses
Best Use
Multifamily LT 5
$924.4K
$808.8K – $1.08M
NOI $64,707 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$799.4K
$699.5K – $932.6K
NOI $55,958 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$4.42M
$3.86M – $5.15M
NOI $309,099 @ 7.0% cap · market cap 37.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 75230, TX
27,810
Population
14,981
Households
1.9
Avg Household Size
45
Median Age
66%
College-Educated
99%
High-School Grad
7.1 sq mi
ZIP Area
3,917
Density / Sq Mi
$109,864
Median Household Income
$70,313
Median Earnings
$1,365
Median Rent
$870,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units offer flexibility for rental or owner-occupied use.
Where is this duplex located?
The property is located at 10524 Ravenscroft Dallas, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Full duplex at 10524 Ravenscroft, Dallas, TX 75230; Approximately 3,680 square feet on 0.2374 acres; Six bedrooms and four bathrooms across two units
