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    Lochwood Duplex Investment Opportunity Title is generated by Realmo AI

    11315-11317 Lochwood Boulevard, Dallas, TX 75218

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    For Sale
    $559,000

    Duplex - Dallas, TX

    Type:Duplex
    Property size:
    2,322 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $240/SF
    Added:
    May 12, 2026
    Days on Market:
    4
    Last Refresh:
    May 15 at 8:06 pm

    Property Features for 11315-11317 Lochwood Boulevard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking
    2
    Parking features
    Garage
    Interior features
    Decorative Lighting
    Exterior features
    Private Yard, Fence
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Electric, Range
    Standard status
    Active
    APN
    00000380440000001
    Size
    2,322 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Nora Rogney

    Listing agent Nora Rogney License #0719319

    Listing office Better Homes & Gardens, Winans 6434 E. Mockingbird Lane #225, Dallas, TX

    Listing date May 12, 2026

    MLS# 21241918 Listing URL

    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.

    HighLights

    • Immediate income from two currently leased units.
    • Located in the highly desirable Lochwood subdivision of East Dallas.
    • Updated in 2021 with fresh paint, new flooring, and mechanical/cosmetic upgrades.
    • Each unit features 2 bedrooms, 1 bathroom, and open living areas.
    • Prime location: 15 minutes to Downtown Dallas and biking distance to White Rock Lake and the Dallas Arboretum.
    • Covered rear parking (carport and garage space) and a large wooden deck overlooking a fenced backyard for each unit.

    Overview

    Located in the Lochwood subdivision of East Dallas, this well-maintained duplex at 11315–11317 Lochwood Boulevard presents an investment opportunity. The property features two spacious 2-bedroom, 1-bath units with large rooms and flexible, open living areas. Updates and improvements, including fresh paint, new flooring, and mechanical and cosmetic upgrades, were completed in 2021. The property offers a total of 4 bedrooms, 2 bathrooms, and 2,322 square feet. Unit 11315 includes approximately 1,183 sq ft, while Unit 11317 offers approximately 1,139 sq ft. Each unit provides generous living space, open layouts, covered rear parking with one carport space and garage space per unit, and access to a large wooden deck overlooking a fenced backyard. Both units are currently leased, providing immediate income, with opportunity for future rent increases based on current market comps. The property is situated approximately 15 minutes from Downtown Dallas and within biking distance of White Rock Lake, the Dallas Arboretum, and nearby trails. The lot size is 0.198 acres.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $453.7K
    NOI $40,829 @ 9.00% cap · cautious / downside scenario
    Moderate
    $583.3K
    NOI $40,829 @ 7.00% cap · market / base-case scenario
    Aggressive
    $816.6K
    NOI $40,829 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $64.9k $27.96
    − Vacancy −$6.6k −$2.84
    EGI $58.3k $25.12
    − OpEx −$17.5k −$7.54
    NOI $40.8k $17.58
    2,322 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $583.3K
    $510.4K – $680.5K (±1% cap)
    NOI $40,829 @ 7.0% cap · market cap 7.30%
    Second Best
    Apartment 5plus
    $504.4K
    $441.4K – $588.5K (±1% cap)
    NOI $35,308 @ 7.0% cap · market cap 6.32%
    Theoretical Best
    Office A
    $2.79M
    $2.44M – $3.25M (±1% cap)
    NOI $195,035 @ 7.0% cap · market cap 34.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.688793
    Latitude
    32.849252

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in East Dallas with immediate income potential.
    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 $559,000.
    What are key features of this property?
    This property features: Immediate income from two currently leased units.; Located in the highly desirable Lochwood subdivision of East Dallas.; Updated in 2021 with fresh paint, new flooring, and mechanical/cosmetic upgrades.
    (972) 774-9888
    We can help!
    Listing Contact
    Nora Rogney
    Real Estate License ID: 0719319
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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