Duplex with Two Living
For Sale
$449,000
3129 New Haven Street, Irving, TX 75062
Separate kitchens and flexible room arrangements support multigenerational living or rental use.
Property Size2,304 SF
Price / SF$194.88
Days on Market11
Property Features for 3129 New Haven Street
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Duplex
Building Details
Year Built
1953
Listing Agency:
Only 1 Realty Group Dallas
(214) 560-0422
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 2
Changed: Aug 11
Last Checked: Aug 12 at 6:37AM
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 Only 1 Realty Group Dallas
Investment Insights
Based on property information with market context.
Built in 1953, this 2,304-square-foot duplex property on an oversized corner lot offers a five-bedroom, 3.5-bath configuration arranged across two distinct living areas. The front portion includes two bedrooms, a kitchen, and a full bath. A separate two-story section adds three bedrooms, two and a half baths, another kitchen, two living rooms, and an exterior laundry room.
Outdoor improvements expand the property’s functionality. A detached game and family room provides additional gathering space, while the rear detached two-car garage offers storage and workspace. Covered parking is also available through a brand-new attached carport. Metal fencing and an electric gate enclose the property.
The property is located in Irving near MacArthur High School, which is within walking distance, and Thomas Jefferson Park, a short drive away. The layout supports extended-family use, guest accommodations, or rental potential as described in the property information.
Outdoor improvements expand the property’s functionality. A detached game and family room provides additional gathering space, while the rear detached two-car garage offers storage and workspace. Covered parking is also available through a brand-new attached carport. Metal fencing and an electric gate enclose the property.
The property is located in Irving near MacArthur High School, which is within walking distance, and Thomas Jefferson Park, a short drive away. The layout supports extended-family use, guest accommodations, or rental potential as described in the property information.
Key Highlights
- Two distinct living quarters with separate kitchens
- 5 bedrooms and 3.5 baths across 2,304 square feet
- Detached game and family room for additional gathering space
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
$40,512
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
9.02%
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%
$810,240
$810.2K
Cap Rate 7%
$578,743
$578.7K
Cap Rate 9%
$450,133
$450.1K
Market Conditions
NOI Build-Up for 2,304 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
$64.4K $27.96/SF
− Vacancy
−$6.5K −$2.84/SF
EGI
$57.9K $25.12/SF
− OpEx
−$17.4K −$7.54/SF
NOI
$40.5K $17.58/SF
Area
Irving, 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%
$810,240
Cap Rate 7%
$578,743
Cap Rate 9%
$450,133
Alternative Uses
Best Use
Multifamily LT 5
$578.7K
$506.4K – $675.2K
NOI $40,512 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$500.5K
$437.9K – $583.9K
NOI $35,035 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$590.9K
$517.0K – $689.4K
NOI $41,361 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 75062, TX
50,466
Population
18,718
Households
2.7
Avg Household Size
33
Median Age
35%
College-Educated
77%
High-School Grad
10.6 sq mi
ZIP Area
4,761
Density / Sq Mi
$70,792
Median Household Income
$36,817
Median Earnings
$1,419
Median Rent
$254,500
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 - Separate kitchens and flexible room arrangements support multigenerational living or rental use.
Where is this duplex located?
The property is located at 3129 New Haven Street Irving, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two distinct living quarters with separate kitchens; 5 bedrooms and 3.5 baths across 2,304 square feet; Detached game and family room for additional gathering space
