Updated Duplex With
For Sale
$519,500
11912 Garden Terrace Dr, Dallas, TX 75243
Two residential units offer matching bedroom and bathroom layouts with individual one-car garages.
Property Size2,558 SF
Price / SF$203.09
Days on Market94
Property Features for 11912 Garden Terrace Dr
General Information
Standard status
Active
Size
2,558 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1982
Tenancy
Multi
Listing Agency:
Fathom Realty
Listed By:
Mekebeb Solomon · License #0683660
(214) 554-2555
Source:
Tonyaharbin
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 6 at 12:28AM
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 Fathom Realty
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Investment Insights
Based on property information with market context.
This duplex at 11912 Garden Terrace Drive contains two residential units totaling 6 bedrooms and 4 full bathrooms. Each side is configured with 3 bedrooms, 2 full bathrooms, and a one-car garage, creating a consistent layout across the property. One unit has received updates to its flooring, bathrooms, and paint, while the other has been fully updated. The property was built in 1982 and includes a two-car garage overall.
A roof and gutter replacement was completed in 2022. The unit identified as 11910 is leased beginning 6-1-26, while 11912 has a renewed lease beginning 12-2025. The property is located in Dallas, Texas, within the 75243 ZIP code.
A roof and gutter replacement was completed in 2022. The unit identified as 11910 is leased beginning 6-1-26, while 11912 has a renewed lease beginning 12-2025. The property is located in Dallas, Texas, within the 75243 ZIP code.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 4 full bathrooms
- Each unit includes 3 bedrooms, 2 full bathrooms, and a 1‑car garage
- 11910 has been fully updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,979
Cap Rate
8.66%
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 8.66%
Second Best
Apartment 5plus
$555.7K
$486.2K – $648.3K
NOI $38,897 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $195,992 @ 7.0% cap · market cap 37.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,355
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching bedroom and bathroom layouts with individual one-car garages.
Where is this duplex located?
The property is located at 11912 Garden Terrace Dr Dallas, TX.
What is the asking price?
The asking price for this property is $519,500.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 4 full bathrooms; Each unit includes 3 bedrooms, 2 full bathrooms, and a 1‑car garage; 11910 has been fully updated
