Two-Unit Duplex with
13203 Kit Lane, Dallas, TX 75240
For Sale
$550,000
ResidentialIncome, Dallas, TX
Property Size1,500 SF
Lot Size0.38 Acres
Price / SF$366.67
Days on Market53
Property Features for 13203 Kit Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Fencing
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
woodburning fireplace
long front porch
ceiling fans
designer light fixtures
washer/dryer area
open patio
large back yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Dallas Midtown · Keller Williams Realty
Listed By:
Diane Ledford · License TX #0238260
(214) 526-4663
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# 21389387
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick duplex contains two residences with different layouts and finishes. One has a living room with a wood-burning fireplace and wood flooring, a main-level bedroom with a walk-in closet and attached bath, plus two upstairs bedrooms and a shared bathroom. Its kitchen has stainless steel appliances and granite counters. The second residence features two bedrooms and two bathrooms, with Saltillo tile in the living and dining areas and an open kitchen centered on a large island. Both units have garage parking; one also includes a long front porch, while the other has an enclosed garage with storage and an open patio adjoining a large backyard.
The property occupies a 0.38-acre lot at 13203 Kit Lane in Dallas. Built in 1966, it has a reported building area of 1,500 square feet. Public water and sewer serve the property.
The property occupies a 0.38-acre lot at 13203 Kit Lane in Dallas. Built in 1966, it has a reported building area of 1,500 square feet. Public water and sewer serve the property.
Key Highlights
- Two residences on a 0.38‑acre lot
- Reported building area of 1,500 square feet; built in 1966
- One residence has a main‑level bedroom and two additional upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,375
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,500
$527.5K
Cap Rate 7%
$376,786
$376.8K
Cap Rate 9%
$293,056
$293.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$41.9K $27.96/SF
− Vacancy
−$4.3K −$2.84/SF
EGI
$37.7K $25.12/SF
− OpEx
−$11.3K −$7.54/SF
NOI
$26.4K $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 Rate 5%
$527,500
Cap Rate 7%
$376,786
Cap Rate 9%
$293,056
Alternative Uses
Best Use
Multifamily LT 5
$376.8K
$329.7K – $439.6K
NOI $26,375 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$325.8K
$285.1K – $380.2K
NOI $22,809 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,991 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
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Business Placement
Demographics for 75240, TX
25,839
Population
12,014
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
74%
High-School Grad
3.8 sq mi
ZIP Area
6,800
Density / Sq Mi
$56,056
Median Household Income
$32,171
Median Earnings
$1,333
Median Rent
$326,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Dallas, TX
Properties on Market for Duplexes in Dallas
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer distinct interior layouts, enclosed garage parking, and private outdoor areas.
Where is this duplex located?
The property is located at 13203 Kit Lane 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: Two residences on a 0.38‑acre lot; Reported building area of 1,500 square feet; built in 1966; One residence has a main‑level bedroom and two additional upstairs bedrooms
