Triplex in Opportunity
For Sale
$1,195,000
1419 Beaumont Street, Dallas, TX 75215
Multifamily asset with central air, hardwood flooring, and built-in kitchen appliances.
Property Size2,921 SF
Price / SF$409.11
Days on Market189
Property Features for 1419 Beaumont Street
General Information
Standard status
Active
Size
2,921 SF
Total Parking Spaces
5
Property subtype
Multi-Family / Triplex
Additional Details
Opportunity Zone
Yes
Amenities
Ceiling Fan(s), Central Air
Central, Natural Gas
No
Hardwood
Built-in Gas Range, Dishwasher, Disposal, Dryer, Gas Oven, Gas Range, Gas Water Heater
1
Built-in Features, Cable TV Available, Double Vanity, Eat-in Kitchen, Kitchen Island, Multiple Staircases, Natural Woodwork
Masonry
Composition, Shingle
Multi/Split
Fenced, Partial
Pillar/Post/Pier
Public Records
5
Frame
Covered, Deck
Building Details
Year Built
1916
Buildings
2
Construction
Victorian
Listing Agency:
Compass
(214) 356-7221
Listed By:
Luke Cuthbert · License #0711596
(214) 356-7221
Source:
Compass
Added: Feb 23
Changed: Aug 30
Last Checked: Aug 30 at 11:32PM
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 Compass
Investment Insights
Based on property information with market context.
This 2,921-square-foot triplex at 1419 Beaumont Street includes central air, natural-gas service, hardwood flooring, and kitchens equipped with built-in gas ranges, ovens, dishwashers, disposals, and gas water heaters. Interior details include natural woodwork, built-in features, kitchen islands, eat-in kitchens, double vanities, multiple staircases, and ceiling fans. The building was constructed in 1916 and includes masonry construction, composition shingle roofing, partial fencing, covered outdoor space, and a deck.
The property is situated in a mixed-use corridor and federally designated Opportunity Zone in Dallas. Its location provides access to Downtown Dallas, Deep Ellum, and the Cedars entertainment district, with nearby employment, dining, nightlife, and cultural destinations identified in the property information. The asset is presented as an income-producing multifamily property with distinctive architectural character and residential functionality.
The property is situated in a mixed-use corridor and federally designated Opportunity Zone in Dallas. Its location provides access to Downtown Dallas, Deep Ellum, and the Cedars entertainment district, with nearby employment, dining, nightlife, and cultural destinations identified in the property information. The asset is presented as an income-producing multifamily property with distinctive architectural character and residential functionality.
Key Highlights
- 2,921‑square‑foot triplex at 1419 Beaumont Street, Dallas, TX 75215
- Federally designated Opportunity Zone within a mixed‑use corridor
- Constructed in 1916 with masonry construction and composition shingle roofing
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
$51,361
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
4.30%
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%
$1,027,220
$1.0M
Cap Rate 7%
$733,729
$733.7K
Cap Rate 9%
$570,678
$570.7K
Market Conditions
NOI Build-Up for 2,921 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
$81.7K $27.96/SF
− Vacancy
−$8.3K −$2.84/SF
EGI
$73.4K $25.12/SF
− OpEx
−$22.0K −$7.54/SF
NOI
$51.4K $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%
$1,027,220
Cap Rate 7%
$733,729
Cap Rate 9%
$570,678
Alternative Uses
Best Use
Multifamily LT 5
$733.7K
$642.0K – $856.0K
NOI $51,361 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$634.5K
$555.2K – $740.3K
NOI $44,417 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$3.50M
$3.07M – $4.09M
NOI $245,347 @ 7.0% cap · market cap 20.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 75215, TX
18,806
Population
8,481
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
73%
High-School Grad
7.7 sq mi
ZIP Area
2,442
Density / Sq Mi
$41,388
Median Household Income
$34,114
Median Earnings
$1,209
Median Rent
$137,700
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?
Triplex - Multifamily asset with central air, hardwood flooring, and built-in kitchen appliances.
Where is this triplex located?
The property is located at 1419 Beaumont Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 2,921‑square‑foot triplex at 1419 Beaumont Street, Dallas, TX 75215; Federally designated Opportunity Zone within a mixed‑use corridor; Constructed in 1916 with masonry construction and composition shingle roofing
