Two-Unit Duplex with Leased
11416 Summertree Lane, Dallas, TX 75243
For Sale
$449,000
ResidentialIncome, Dallas, TX
Property Size2,490 SF
Lot Size0.13 Acres
Price / SF$180.32
Days on Market53
Property Features for 11416 Summertree Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Fireplace
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
West Residential Realty, LLC
(469) 759-5800
Listed By:
John West · License TX #0575270
(469) 759-5821
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 9 at 7:06PM
MLS# 21390542
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.
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Investment Insights
Based on property information with market context.
This 1982 brick duplex contains two residences totaling 2,490 square feet. Each unit offers two bedrooms and two bathrooms, with vinyl, tile, and carpet flooring, vaulted ceilings, decorative lighting, a fireplace, dishwasher, and electric range. Central heating and air conditioning are provided, with natural gas heating and electric cooling. Both units are leased, supporting immediate rental operations.
The property occupies a 0.13-acre lot at 11416 Summertree Lane in Dallas, with alley access, open parking, and garage parking. Public water and public sewer serve the property, and the composition roof was replaced in 2026. Unit 11414 also has a new HVAC system. The location provides access to North Central Expressway, employment centers, shopping, and dining, and the property is zoned to Richardson ISD schools.
The property occupies a 0.13-acre lot at 11416 Summertree Lane in Dallas, with alley access, open parking, and garage parking. Public water and public sewer serve the property, and the composition roof was replaced in 2026. Unit 11414 also has a new HVAC system. The location provides access to North Central Expressway, employment centers, shopping, and dining, and the property is zoned to Richardson ISD schools.
Key Highlights
- Two leased units with 2 bedrooms and 2 bathrooms each
- 2,490 total SF on a 0.13‑acre lot
- New composition 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
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
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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
$359,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Dallas, TX
Properties on Market for Duplexes in Dallas
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with two-bedroom, two-bath residences, separate HVAC service, and public utilities in Dallas.
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 units with 2 bedrooms and 2 bathrooms each; 2,490 total SF on a 0.13‑acre lot; New composition roof installed in 2026
