Updated Two-Unit
New
For Sale
$519,000
11315-11317 Lochwood Boulevard, Dallas, TX 75218
Both units are leased through 2026 and 2027, providing established rental income with updated interiors and outdoor space.
Property Size2,322 SF
Price / SF$223.51
Days on Market4
Property Features for 11315-11317 Lochwood Boulevard
General Information
Standard status
Active
Size
2,322 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Amenities
large wooden deck
fenced backyard
Building Details
Building Size
2,322 SF
Year Built
1958
Year Renovated
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Better Homes & Gardens, Winans
(972) 774-9888
Listed By:
Nora Rogney · License #0719319
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 2 at 11:49AM
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 Better Homes & Gardens, Winans
Investment Insights
Based on property information with market context.
Located at 11315-11317 Lochwood Boulevard in Dallas, this full duplex includes two 2-bedroom, 1-bath units totaling 2,322 square feet. Unit 11315 contains approximately 1,183 square feet, while Unit 11317 offers approximately 1,139 square feet. Both units feature large rooms, flexible open living areas, fresh paint, new flooring, and mechanical and cosmetic upgrades completed in 2021.
Each unit includes covered rear parking with one carport space and garage space, along with access to a large wooden deck overlooking a fenced backyard. Unit 11315 is leased through August 2026, and Unit 11317 is leased through June 2027. The property was built in 1958 and is situated in the Lochwood subdivision, approximately 15 minutes from Downtown Dallas and within easy biking distance of White Rock Lake, the Dallas Arboretum, and nearby trails.
Each unit includes covered rear parking with one carport space and garage space, along with access to a large wooden deck overlooking a fenced backyard. Unit 11315 is leased through August 2026, and Unit 11317 is leased through June 2027. The property was built in 1958 and is situated in the Lochwood subdivision, approximately 15 minutes from Downtown Dallas and within easy biking distance of White Rock Lake, the Dallas Arboretum, and nearby trails.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 2,322 square feet
- Unit 11315: approximately 1,183 sq ft; leased through August 2026
- Unit 11317: approximately 1,139 sq ft; leased through June 2027
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 | $64.9k | $27.96 |
| − Vacancy | −$6.6k | −$2.84 |
| EGI | $58.3k | $25.12 |
| − OpEx | −$17.5k | −$7.54 |
| NOI | $40.8k | $17.58 |
2,322 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$583.3K
$510.4K – $680.5K
NOI $40,829 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$504.4K
$441.4K – $588.5K
NOI $35,308 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,035 @ 7.0% cap · market cap 37.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 75218, TX
23,136
Population
10,443
Households
2.2
Avg Household Size
41
Median Age
61%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
3,353
Density / Sq Mi
$109,677
Median Household Income
$66,216
Median Earnings
$1,651
Median Rent
$476,000
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 - Both units are leased through 2026 and 2027, providing established rental income with updated interiors and outdoor space.
Where is this duplex located?
The property is located at 11315-11317 Lochwood Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units totaling 2,322 square feet; Unit 11315: approximately 1,183 sq ft; leased through August 2026; Unit 11317: approximately 1,139 sq ft; leased through June 2027
