Duplex with Rooftop
For Sale
$1,299,900
1120 Muncie Avenue, Dallas, TX 75212
Two residences combine private garages, contemporary kitchens, and well-appointed primary suites.
Property Size4,118 SF
Days on Market11
Property Features for 1120 Muncie Avenue
General Information
Standard status
Active
Size
4,118 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$11,623
Building Details
Building Size
4,118 SF
Year Built
2023
Buildings
1
Listing Agency:
Competitive Edge Realty LLC
Listed By:
Siri Solange
(972) 231-4663
Source:
Baerealty
Added: Oct 9
Changed: Oct 17
Last Checked: Oct 19 at 3:14PM
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 Competitive Edge Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this Dallas duplex contains two three-bedroom residences, each with three full bathrooms and one half bath. Across the property, the layout totals six bedrooms, six full bathrooms, and two half bathrooms. Each residence has a two-car garage. Kitchen features include an oversized island, quartz countertops, a walk-in pantry, and stainless steel appliances. Primary suites include walk-in closets and en-suite bathrooms with soaking tubs and separate showers. Rooftop access offers city views.
The property is minutes from Downtown Dallas and Bishop Arts, with dining, shopping, and entertainment nearby.
The property is minutes from Downtown Dallas and Bishop Arts, with dining, shopping, and entertainment nearby.
Key Highlights
- Two residences, each with 3 bedrooms, 3 full bathrooms, and 1 half bathroom
- Six bedrooms, 6 full bathrooms, and 2 half bathrooms across the duplex
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,409
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,180
$1.4M
Cap Rate 7%
$1,034,414
$1.0M
Cap Rate 9%
$804,544
$804.5K
Market Conditions
NOI Build-Up for 4,118 SF
Gross rent
$115.1K $27.96/SF
− Vacancy
−$11.7K −$2.84/SF
EGI
$103.4K $25.12/SF
− OpEx
−$31.0K −$7.54/SF
NOI
$72.4K $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%
$1,448,180
Cap Rate 7%
$1,034,414
Cap Rate 9%
$804,544
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$905.1K – $1.21M
NOI $72,409 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$894.5K
$782.7K – $1.04M
NOI $62,618 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,888 @ 7.0% cap · market cap 26.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 75212, TX
27,329
Population
9,250
Households
3
Avg Household Size
31
Median Age
16%
College-Educated
62%
High-School Grad
10.0 sq mi
ZIP Area
2,733
Density / Sq Mi
$56,279
Median Household Income
$34,458
Median Earnings
$1,085
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences combine private garages, contemporary kitchens, and well-appointed primary suites.
Where is this duplex located?
The property is located at 1120 Muncie Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 3 full bathrooms, and 1 half bathroom; Six bedrooms, 6 full bathrooms, and 2 half bathrooms across the duplex; Built in 2023
