Renovated Duplex with Off-Street
For Sale
$550,000
810 W 10th Street, Dallas, TX 75208
Two-unit property with updated kitchens, bathrooms, flooring, cabinetry, lighting, and stainless steel appliances.
Property Size1,974 SF
Days on Market32
Property Features for 810 W 10th Street
General Information
Standard status
Active
Size
1,974 SF
Total Parking Spaces
7
Property subtype
Duplex
Additional Details
Highway Access
Yes
Amenities
low maintenance rock yard
generous backyard space
Building Details
Building Size
1,974 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
DHS Realty
(972) 979-8413
Listed By:
Bryan Lynch · License #0833297
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Aug 26
Last Checked: Aug 29 at 1:54PM
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 DHS Realty
Investment Insights
Based on property information with market context.
Built in 1930, this renovated duplex includes two units with updated interiors throughout. Improvements include luxury flooring, quartz countertops, shaker-style cabinetry, stainless steel appliances, updated lighting, and remodeled kitchens and bathrooms. The property also includes an attached carport, a fully fenced rear parking area with approximately six additional parking spaces, a generous backyard, and low-maintenance rock landscaping.
Unit 810 is tenant occupied with an existing lease in place, while Unit 808 is vacant and available for occupancy or lease. Located at 810 W 10th Street in Dallas, the property is minutes from Bishop Arts, Downtown Dallas, and major highways.
Unit 810 is tenant occupied with an existing lease in place, while Unit 808 is vacant and available for occupancy or lease. Located at 810 W 10th Street in Dallas, the property is minutes from Bishop Arts, Downtown Dallas, and major highways.
Key Highlights
- Completely renovated duplex at 810 W 10th Street in Dallas
- Two units with luxury flooring, quartz countertops, shaker‑style cabinetry, and stainless steel appliances
- Remodeled kitchens and bathrooms with updated lighting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,710
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,200
$694.2K
Cap Rate 7%
$495,857
$495.9K
Cap Rate 9%
$385,667
$385.7K
Market Conditions
NOI Build-Up for 1,974 SF
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.
Gross rent
$55.2K $27.96/SF
− Vacancy
−$5.6K −$2.84/SF
EGI
$49.6K $25.12/SF
− OpEx
−$14.9K −$7.54/SF
NOI
$34.7K $17.58/SF
Area
Dallas, TX
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,200
Cap Rate 7%
$495,857
Cap Rate 9%
$385,667
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.5K
NOI $34,710 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.3K
NOI $30,017 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,805 @ 7.0% cap · market cap 30.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,057
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
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 - Two-unit property with updated kitchens, bathrooms, flooring, cabinetry, lighting, and stainless steel appliances.
Where is this duplex located?
The property is located at 810 W 10th Street 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: Completely renovated duplex at 810 W 10th Street in Dallas; Two units with luxury flooring, quartz countertops, shaker‑style cabinetry, and stainless steel appliances; Remodeled kitchens and bathrooms with updated lighting
