Two-Unit Duplex
For Sale
$499,900
11826 Garden Terrace Dr, Dallas, TX 75243
Single-story duplex with leased units, private outdoor areas, and individual garages in Richardson ISD.
Property Size2,558 SF
Price / SF$195.43
Days on Market95
Property Features for 11826 Garden Terrace Dr
General Information
Standard status
Active
Size
2,558 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$39,600
Highway Access
Yes
Building Details
Year Built
1982
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
JPAR - Plano
Listed By:
Casey Mayer · License #0838576
(972) 836-9295
Source:
Teamrobbins
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 3 at 9:42AM
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 JPAR - Plano
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1982-built duplex contains two 3-bedroom, 2-bath residences within 2,558 total square feet. Both units use single-story floor plans and include a one-car garage and private yard space. The residences are leased on a month-to-month basis, providing an existing income-producing configuration for an owner or investor. The property is located in the Woodbridge subdivision and is associated with Richardson ISD. Access to Central Expressway connects the duplex with North Dallas employment centers, shopping, and dining. Each side offers a separate residential layout suited to the property's two-unit design.
Key Highlights
- Two 3‑bedroom, 2‑bath units within 2,558 total SF
- Built in 1982
- Both residences are leased month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,979
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,580
$899.6K
Cap Rate 7%
$642,557
$642.6K
Cap Rate 9%
$499,767
$499.8K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$71.5K $27.96/SF
− Vacancy
−$7.3K −$2.84/SF
EGI
$64.3K $25.12/SF
− OpEx
−$19.3K −$7.54/SF
NOI
$45.0K $17.58/SF
Area
ZIP 75243
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%
$899,580
Cap Rate 7%
$642,557
Cap Rate 9%
$499,767
Alternative Uses
Best Use
Multifamily LT 5
$642.6K
$562.2K – $749.7K
NOI $44,979 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$555.7K
$486.2K – $648.3K
NOI $38,897 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $195,992 @ 7.0% cap · market cap 39.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,355
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 - Single-story duplex with leased units, private outdoor areas, and individual garages in Richardson ISD.
Where is this duplex located?
The property is located at 11826 Garden Terrace Dr Dallas, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units within 2,558 total SF; Built in 1982; Both residences are leased month‑to‑month
