Two-Unit Duplex
New
For Sale
$499,900
11826 Garden Terrace Drive, 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 Market3
Property Features for 11826 Garden Terrace Drive
General Information
Standard status
Active
Size
2,558 SF
Total Parking Spaces
2
Property subtype
Duplex
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
(972) 836-9295
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 5:33AM
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
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 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 | $71.5k | $27.96 |
| − Vacancy | −$7.3k | −$2.84 |
| EGI | $64.3k | $25.12 |
| − OpEx | −$19.3k | −$7.54 |
| NOI | $45.0k | $17.58 |
2,558 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,434
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Drive 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
