Renovated
For Sale
$699,900
112 N Adams Avenue, Dallas, TX 75208
Renovated duplex with two units, each with private fenced yards and patio spaces.
Property Size2,088 SF
Days on Market92
Property Features for 112 N Adams Avenue
General Information
Standard status
Active
Size
2,088 SF
Property subtype
Duplex
Site & Location
Neighborhood
Bishop Arts District
Taxes and HOA fees
Annual Taxes
$5,720
Amenities
private fenced yards
patio spaces
Building Details
Building Size
2,088 SF
Year Built
1945
Buildings
1
Tenancy
Multi
Listing Agency:
Compass RE Texas, LLC.
Listed By:
John Weber · License #0505479
(214) 679-2427
Source:
Nilesrealtygroup
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 26 at 11:48PM
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 Compass RE Texas, LLC.
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Investment Insights
Based on property information with market context.
110-112 N Adams Ave is a renovated duplex built in 1945, offering two well-designed units with functional open layouts. One unit features 3 bedrooms and 1 bathroom, and the other offers 2 bedrooms and 1 bathroom. Updates throughout include quartz countertops, newer cabinetry, and updated appliances in the kitchens, along with luxury vinyl plank flooring, upgraded lighting fixtures, and fresh paint.
Both units include private fenced yards and patio spaces, creating an outdoor area for everyday living. The property is currently operating as a short-term rental, providing a proven operating setup with the opportunity to continue as an income property.
Located in the Bishop Arts District within Oak Cliff in Dallas, the duplex benefits from a neighborhood setting that is seeing active redevelopment.
Both units include private fenced yards and patio spaces, creating an outdoor area for everyday living. The property is currently operating as a short-term rental, providing a proven operating setup with the opportunity to continue as an income property.
Located in the Bishop Arts District within Oak Cliff in Dallas, the duplex benefits from a neighborhood setting that is seeing active redevelopment.
Key Highlights
- Renovated duplex at 110‑112 N Adams Ave built in 1945
- Two units: one with 3 bedrooms and 1 bathroom, one with 2 bedrooms and 1 bathroom
- Quartz countertops, newer cabinetry, and updated kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,714
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,280
$734.3K
Cap Rate 7%
$524,486
$524.5K
Cap Rate 9%
$407,933
$407.9K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$58.4K $27.96/SF
− Vacancy
−$5.9K −$2.84/SF
EGI
$52.4K $25.12/SF
− OpEx
−$15.7K −$7.54/SF
NOI
$36.7K $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 Rate 5%
$734,280
Cap Rate 7%
$524,486
Cap Rate 9%
$407,933
Alternative Uses
Best Use
Multifamily LT 5
$524.5K
$458.9K – $611.9K
NOI $36,714 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$453.6K
$396.9K – $529.2K
NOI $31,750 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,380 @ 7.0% cap · market cap 25.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,444
Businesses Nearby
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Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
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 - Renovated duplex with two units, each with private fenced yards and patio spaces.
Where is this duplex located?
The property is located at 112 N Adams Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Renovated duplex at 110‑112 N Adams Ave built in 1945; Two units: one with 3 bedrooms and 1 bathroom, one with 2 bedrooms and 1 bathroom; Quartz countertops, newer cabinetry, and updated kitchen appliances
