Contemporary Two-Unit
For Sale
$549,900
13723 Biggs Street, Dallas, TX 75253
New construction pairs efficient building upgrades with open interiors, modern finishes, private outdoor space, and attached garages.
Property Size2,698 SF
Price / SF$203.82
Days on Market167
Property Features for 13723 Biggs Street
General Information
Standard status
Active
Size
2,698 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment
Electric
Luxury Vinyl Plank
Dishwasher, Disposal, Electric Oven, Microwave
Built-in Features, Cable TV Available, Decorative Lighting, High Speed Internet Available, Open Floorplan, Paneling, Pantry, Walk-In Closet(s)
No
Asphalt, Composition
Two
2
Slab
Builder
Brick, Vinyl Siding
Building Details
Year Built
2025
Buildings
1
Stories
2
Construction
modern contemporary
Listing Agency:
CENTURY 21 Judge Fite Company
Listed By:
Tanea Soto · License #0749486
(972) 672-7225
Source:
Compass
Added: Mar 21
Changed: Sep 2
Last Checked: Aug 30 at 8:55PM
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 CENTURY 21 Judge Fite Company
Investment Insights
Based on property information with market context.
Completed in 2025, this two-story duplex contains two open-concept residences totaling 2,698 square feet. Each unit offers three bedrooms, two-and-a-half baths, high ceilings, decorative lighting, luxury vinyl plank flooring, modern ceiling fans, and central air. Kitchens include quartz countertops, contemporary backsplash, stainless steel appliances, pantry storage, and L-shaped islands with pendant lighting.
Both primary suites provide balcony access, walk-in closets with custom organization systems, and bathrooms featuring oversized designer showers and double vanities. A front-entry one-car garage, private driveway, and large backyard serve each residence. The property also includes foam insulation in place of fiberglass insulation and ENERGY STAR Qualified Equipment.
Both primary suites provide balcony access, walk-in closets with custom organization systems, and bathrooms featuring oversized designer showers and double vanities. A front-entry one-car garage, private driveway, and large backyard serve each residence. The property also includes foam insulation in place of fiberglass insulation and ENERGY STAR Qualified Equipment.
Key Highlights
- Two‑story duplex completed in 2025 with 2,698 square feet
- Each unit includes 3 bedrooms and 2.5 baths
- Foam insulation replaced fiberglass insulation; ENERGY STAR Qualified Equipment
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
$47,440
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
8.63%
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%
$948,800
$948.8K
Cap Rate 7%
$677,714
$677.7K
Cap Rate 9%
$527,111
$527.1K
Market Conditions
NOI Build-Up for 2,698 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
$75.4K $27.96/SF
− Vacancy
−$7.7K −$2.84/SF
EGI
$67.8K $25.12/SF
− OpEx
−$20.3K −$7.54/SF
NOI
$47.4K $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 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%
$948,800
Cap Rate 7%
$677,714
Cap Rate 9%
$527,111
Alternative Uses
Best Use
Multifamily LT 5
$677.7K
$593.0K – $790.7K
NOI $47,440 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$586.1K
$512.8K – $683.8K
NOI $41,026 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,616 @ 7.0% cap · market cap 41.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
169
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 - New construction pairs efficient building upgrades with open interiors, modern finishes, private outdoor space, and attached garages.
Where is this duplex located?
The property is located at 13723 Biggs Street Dallas, TX.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑story duplex completed in 2025 with 2,698 square feet; Each unit includes 3 bedrooms and 2.5 baths; Foam insulation replaced fiberglass insulation; ENERGY STAR Qualified Equipment
