Turnkey Leased
New
For Sale
$550,000
11826 Garden Terrace Drive, Dallas, TX 75243
Income-producing duplex with two leased 3-bedroom, 2-bath units, each with a one-car garage and in-unit laundry connections.
Days on Market3
Property Features for 11826 Garden Terrace Drive
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
2,558 SF
Year Built
1982
Tenancy
Multi
Listing Agency:
Silberman Realty
(713) 979-9810
Listed By:
Philip Silberman · License #0506783
Source:
Nilesrealtygroup
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 10:54AM
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 Silberman Realty
Investment Insights
Based on property information with market context.
This turnkey duplex offers two income-producing units, with both sides currently leased and tenant-occupied. Each unit features a spacious 3-bedroom, 2-bath layout, along with a one-car garage, laminate flooring, and stainless steel appliances. Full-size washer and dryer connections are included in each unit, and private side yards and backyards provide outdoor space.
The property is located near US-75 and I-635, with convenient access for commuting to Downtown Dallas and quick proximity to shopping, dining, and entertainment.
For buyers looking for immediate occupancy, the duplex is set up as two similarly configured residences with comparable interior finishes and each unit’s own outdoor area.
The property is located near US-75 and I-635, with convenient access for commuting to Downtown Dallas and quick proximity to shopping, dining, and entertainment.
For buyers looking for immediate occupancy, the duplex is set up as two similarly configured residences with comparable interior finishes and each unit’s own outdoor area.
Key Highlights
- Turnkey, income‑producing duplex built in 1982 with both units currently leased and tenant‑occupied
- Two identical layouts: each unit offers 3 bedrooms, 2 bathrooms, and a one‑car garage
- In‑unit laundry connections in both units with full‑size washer and dryer connections
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 8.18%
Second Best
Apartment 5plus
$555.7K
$486.2K – $648.3K
NOI $38,897 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $195,992 @ 7.0% cap · market cap 35.63%
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
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with two leased 3-bedroom, 2-bath units, each with a one-car garage and in-unit laundry connections.
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 $550,000.
What are key features of this property?
This property features: Turnkey, income‑producing duplex built in 1982 with both units currently leased and tenant‑occupied; Two identical layouts: each unit offers 3 bedrooms, 2 bathrooms, and a one‑car garage; In‑unit laundry connections in both units with full‑size washer and dryer connections
