Two-Unit Duplex with
For Sale
$550,000
13203 Kit Lane 13203-13205, Dallas, TX 75240
Two distinct floor plans pair varied bedroom layouts with updated kitchen finishes and outdoor areas.
Property Size1,500 SF
Price / SF$366.67
Days on Market8
Property Features for 13203 Kit Lane 13203-13205
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Duplex
Site & Location
Neighborhood
Telecom Corridor
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,500 SF
Year Built
1966
Tenancy
Multi
Listing Agency:
Keller Williams Dallas Midtown
Listed By:
Diane Ledford · License #0238260
(214) 801-8243
Source:
Jbregroup
Added: Oct 21
Changed: Oct 27
Last Checked: Oct 26 at 3:59PM
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 Keller Williams Dallas Midtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex, built in 1966, contains two distinct residences. The 13203 unit has a downstairs primary bedroom with a walk-in closet and connecting bath, two upstairs bedrooms, a second shared bath, and a living room with a wood-burning fireplace. Its kitchen has stainless steel appliances and granite counters; wood flooring was added in the living room. A long front porch and detached two-car garage serve this unit.
The 13205 residence offers two bedrooms and two baths, with an open kitchen and living-dining space separated by a counter-height island. Granite counters, a glass tile backsplash, tall cabinets, stainless steel appliances, ceiling fans, and designer light fixtures are included. A full-size washer and dryer area, enclosed garage with opener and storage, open patio, and large backyard complete the unit.
The 13205 residence offers two bedrooms and two baths, with an open kitchen and living-dining space separated by a counter-height island. Granite counters, a glass tile backsplash, tall cabinets, stainless steel appliances, ceiling fans, and designer light fixtures are included. A full-size washer and dryer area, enclosed garage with opener and storage, open patio, and large backyard complete the unit.
Key Highlights
- Two‑unit duplex totaling 1,500 square feet
- Built in 1966
- 13203 unit includes three bedrooms, two baths, a wood‑burning fireplace, and a detached two‑car garage
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct floor plans pair varied bedroom layouts with updated kitchen finishes and outdoor areas.
Where is this duplex located?
The property is located at 13203 Kit Lane 13203-13205 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‑unit duplex totaling 1,500 square feet; Built in 1966; 13203 unit includes three bedrooms, two baths, a wood‑burning fireplace, and a detached two‑car garage
