Single-Story
For Sale
$425,000
921 Sunset Avenue, Dallas, TX 75208
Side-by-side units offer formal dining rooms, separate living areas, and detached garage parking.
Property Size1,574 SF
Price / SF$270.01
Days on Market11
Property Features for 921 Sunset Avenue
General Information
Standard status
Active
Size
1,574 SF
Total Parking Spaces
2
Property subtype
Duplex
Building Details
Year Built
1950
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Dave Perry Miller Real Estate
(214) 303-1133
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 2
Changed: Aug 11
Last Checked: Aug 12 at 6:42AM
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 Dave Perry Miller Real Estate
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 1,574 square feet across two single-story units, with each residence offering a living room, formal dining room, and practical floor plan. A detached two-car garage supplies one parking space per unit and includes an attached storage closet. The property was built in 1950.
Located at 921 Sunset Avenue in Dallas, the duplex sits one block north of Jefferson Boulevard’s dining, retail, and entertainment corridor. TYPO is 0.4 miles away, while the Bishop Arts District is 0.7 miles from the property. Public transportation is also accessible. Unit 923 has received luxury vinyl plank flooring throughout and is currently listed for lease; Unit 921 remains occupied and is largely in its original condition.
Located at 921 Sunset Avenue in Dallas, the duplex sits one block north of Jefferson Boulevard’s dining, retail, and entertainment corridor. TYPO is 0.4 miles away, while the Bishop Arts District is 0.7 miles from the property. Public transportation is also accessible. Unit 923 has received luxury vinyl plank flooring throughout and is currently listed for lease; Unit 921 remains occupied and is largely in its original condition.
Key Highlights
- 1,574‑square‑foot duplex with two side‑by‑side, single‑story units
- Detached two‑car garage with one parking space per unit
- Unit 923 updated with luxury vinyl plank flooring throughout
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
$27,676
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
6.51%
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%
$553,520
$553.5K
Cap Rate 7%
$395,371
$395.4K
Cap Rate 9%
$307,511
$307.5K
Market Conditions
NOI Build-Up for 1,574 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
$44.0K $27.96/SF
− Vacancy
−$4.5K −$2.84/SF
EGI
$39.5K $25.12/SF
− OpEx
−$11.9K −$7.54/SF
NOI
$27.7K $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%
$553,520
Cap Rate 7%
$395,371
Cap Rate 9%
$307,511
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$341.9K
$299.2K – $398.9K
NOI $23,934 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,207 @ 7.0% cap · market cap 31.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side units offer formal dining rooms, separate living areas, and detached garage parking.
Where is this duplex located?
The property is located at 921 Sunset Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,574‑square‑foot duplex with two side‑by‑side, single‑story units; Detached two‑car garage with one parking space per unit; Unit 923 updated with luxury vinyl plank flooring throughout
