Full Duplex with Covered
11315-11317 Lochwood Boulevard Dallas, TX 75218
For Sale
$599,000
Well-maintained duplex offers two 2-bedroom, 1-bath units with updated flooring and covered rear parking.
Property Size1,139 SF
Price / SF$525.90
Days on Market131
Property Features for 11315-11317 Lochwood Boulevard
General Information
- Standard status
- Active
- Size
- 1,139 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1958
Listing Agency:
Briggs Freeman Sotheby's Int'l
(214) 697-1031
Listed By:
Gavin Smith · License #0724108
(214) 697-1031
Source:
Compass
Added: Mar 16
Changed: Jul 23
Last Checked: Jul 23 at 8:11AM
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 Briggs Freeman Sotheby's Int'l
Investment Insights
Based on property information with market context.
This full duplex includes two spacious 2-bedroom, 1-bath units, each designed with large rooms and an open living area. The property has been updated and restored, with clean finishes and fresh paint, along with new flooring and completed mechanical and cosmetic improvements in 2021. Each unit also features a covered rear parking space, and provides access to a large wooden deck overlooking a fenced backyard.
Located at 11315 and 11317 Lochwood Boulevard in the Lochwood subdivision, the property is described as a highly sought-after East Dallas area with convenient access to major destinations, including Downtown Dallas and nearby recreational options.
With two separate units configured similarly, the property presents a straightforward residential income setup featuring covered parking per unit, outdoor deck access, and fenced yard views.
Located at 11315 and 11317 Lochwood Boulevard in the Lochwood subdivision, the property is described as a highly sought-after East Dallas area with convenient access to major destinations, including Downtown Dallas and nearby recreational options.
With two separate units configured similarly, the property presents a straightforward residential income setup featuring covered parking per unit, outdoor deck access, and fenced yard views.
Key Highlights
- Full duplex with 2 total units, built in 1958, brick construction on pillar/post/pier foundation
- Two 2‑bedroom, 1‑bath units with open living areas and versatile floor plans
- 2021 improvements include updated/restored condition with new flooring and mechanical plus cosmetic upgrades
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $27.96 |
| − Vacancy | −$3.2k | −$2.84 |
| EGI | $28.6k | $25.12 |
| − OpEx | −$8.6k | −$7.54 |
| NOI | $20.0k | $17.58 |
1,139 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$247.4K
$216.5K – $288.7K
NOI $17,320 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,669 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two 2-bedroom, 1-bath units with updated flooring and covered rear parking.
Where is this duplex located?
The property is located at 11315-11317 Lochwood Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Full duplex with 2 total units, built in 1958, brick construction on pillar/post/pier foundation; Two 2‑bedroom, 1‑bath units with open living areas and versatile floor plans; 2021 improvements include updated/restored condition with new flooring and mechanical plus cosmetic upgrades
