2-Acre Duplex
For Sale
$949,900
13740 Vida Ln, Dallas, TX 75253
Two separate residences offer individual driveways, electric meters, and privately fenced backyards.
Property Size4,418 SF
Lot Size2.00 Acres
Price / SF$215.01
Days on Market11
Property Features for 13740 Vida Ln
General Information
Standard status
Active
Size
4,418 SF
Lot size
2.00 Acres
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
covered patio
air-conditioned flex room
fenced backyard
ceiling fans
walk-in closets
laundry-mudroom
wood-burning fireplace
Building Details
Year Built
1989
Year Renovated
2025
Buildings
2
Listing Agency:
Coldwell Banker Apex, REALTORS
(903) 581-2584
Listed By:
Shannon Haury, Lester Haury · License #0630637
Source:
Teamrobbins
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 30 at 8:15PM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This duplex property at 13740 Vida Ln includes two separate residences totaling 4,418 measured square feet on a 2-acre parcel. Built in 1989, the primary home measures 1,992 square feet and was updated in 2025 with a modern kitchen, quartz countertops, stainless steel appliances, refreshed bathrooms, luxury vinyl plank bedroom flooring, and a vaulted living room with a brick wood-burning fireplace. It also includes a two-car garage, breezeway, covered patio areas, and a laundry-mudroom with pantry and utility closet.
The second residence measures 2,426 square feet and provides a full kitchen, dining area, multiple living spaces, bedrooms, bathrooms, laundry facilities, and a large air-conditioned converted garage-flex room. Both homes have separate driveway access, individual electric meters, gutters, covered outdoor areas, and privately fenced backyards. Pea gravel drives and full perimeter fencing serve the property.
The second residence measures 2,426 square feet and provides a full kitchen, dining area, multiple living spaces, bedrooms, bathrooms, laundry facilities, and a large air-conditioned converted garage-flex room. Both homes have separate driveway access, individual electric meters, gutters, covered outdoor areas, and privately fenced backyards. Pea gravel drives and full perimeter fencing serve the property.
Key Highlights
- Two residences totaling 4,418 measured square feet on 2 acres
- Primary residence measures 1,992 square feet and was updated in 2025
- Second residence measures 2,426 square feet with an air‑conditioned converted garage‑flex room
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
$77,684
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
8.18%
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%
$1,553,680
$1.6M
Cap Rate 7%
$1,109,771
$1.1M
Cap Rate 9%
$863,156
$863.2K
Market Conditions
NOI Build-Up for 4,418 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
$123.5K $27.96/SF
− Vacancy
−$12.6K −$2.84/SF
EGI
$111.0K $25.12/SF
− OpEx
−$33.3K −$7.54/SF
NOI
$77.7K $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%
$1,553,680
Cap Rate 7%
$1,109,771
Cap Rate 9%
$863,156
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.1K – $1.29M
NOI $77,684 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$959.7K
$839.8K – $1.12M
NOI $67,180 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$5.30M
$4.64M – $6.18M
NOI $371,087 @ 7.0% cap · market cap 39.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 75253, TX
25,867
Population
7,374
Households
3.5
Avg Household Size
28
Median Age
10%
College-Educated
64%
High-School Grad
14.9 sq mi
ZIP Area
1,736
Density / Sq Mi
$56,519
Median Household Income
$33,361
Median Earnings
$1,338
Median Rent
$121,400
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 separate residences offer individual driveways, electric meters, and privately fenced backyards.
Where is this duplex located?
The property is located at 13740 Vida Ln Dallas, TX.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Two residences totaling 4,418 measured square feet on 2 acres; Primary residence measures 1,992 square feet and was updated in 2025; Second residence measures 2,426 square feet with an air‑conditioned converted garage‑flex room
