Leased 2-Unit
New
For Sale
$449,000
11416 Summertree Lane, Dallas, TX 75243
Both residences are leased, with a new roof and an HVAC replacement in one unit.
Property Size2,490 SF
Price / SF$180.32
Days on Market3
Property Features for 11416 Summertree Lane
General Information
Standard status
Active
Size
2,490 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,954
Building Details
Building Size
2,490 SF
Year Built
1982
Listing Agency:
Lardner Group
Listed By:
Colin Lardner
(214) 282-3144
Source:
Lardnergroup
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 Lardner Group
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Investment Insights
Based on property information with market context.
Built in 1982, this duplex contains two leased residences totaling 2,490 square feet. Each has 2 bedrooms and 2 bathrooms. The 11414 unit measures 1,300 square feet, and the 11416 unit measures 1,190 square feet. A new roof was installed in 2026, and the 11414 residence has a new HVAC system.
The property is within Richardson ISD and has access to North Central Expressway, nearby employment centers, shopping, and dining.
The property is within Richardson ISD and has access to North Central Expressway, nearby employment centers, shopping, and dining.
Key Highlights
- Two leased residences with 2 bedrooms and 2 bathrooms each
- 2,490 square feet total; units measure 1,300 and 1,190 square feet
- New roof installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,863
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,260
$757.3K
Cap Rate 7%
$540,900
$540.9K
Cap Rate 9%
$420,700
$420.7K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$77.1K $30.96/SF
− Vacancy
−$8.2K −$3.31/SF
EGI
$68.8K $27.65/SF
− OpEx
−$31.0K −$12.44/SF
NOI
$37.9K $15.21/SF
Area
ZIP 75243
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,260
Cap Rate 7%
$540,900
Cap Rate 9%
$420,700
Alternative Uses
Best Use
Multifamily LT 5
$625.5K
$547.3K – $729.7K
NOI $43,783 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$540.9K
$473.3K – $631.1K
NOI $37,863 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$2.73M
$2.38M – $3.18M
NOI $190,782 @ 7.0% cap · market cap 42.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 75243, TX
62,273
Population
31,577
Households
2
Avg Household Size
34
Median Age
34%
College-Educated
86%
High-School Grad
9.2 sq mi
ZIP Area
6,769
Density / Sq Mi
$50,357
Median Household Income
$33,760
Median Earnings
$1,226
Median Rent
$359,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with a new roof and an HVAC replacement in one unit.
Where is this duplex located?
The property is located at 11416 Summertree Lane Dallas, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two leased residences with 2 bedrooms and 2 bathrooms each; 2,490 square feet total; units measure 1,300 and 1,190 square feet; New roof installed in 2026
