Modern
New
For Sale
$710,000
1509 / 1511 S Barry Avenue, Dallas, TX 75223
Two separate residences offer private garages, fenced yards, and covered patios.
Property Size3,370 SF
Price / SF$210.68
Days on Market3
Property Features for 1509 / 1511 S Barry Avenue
General Information
Standard status
Active
Size
3,370 SF
Property subtype
Duplex
Site & Location
Neighborhood
Hollywood Heights
Road Access
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,696
Amenities
luxury vinyl plank flooring
granite countertops
large islands with seating
gas ranges
stainless steel appliances
walk-in closets
double vanities
tiled showers
washer/dryer
private fenced backyard
covered patio
Building Details
Building Size
3,370 SF
Year Built
2024
Buildings
1
Construction
modern
Listing Agency:
Prime Capital Real Estate Grou
Listed By:
Hannah Allen
(254) 733-7103
Source:
Nilesrealtygroup
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 3:27PM
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 Prime Capital Real Estate Grou
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this Dallas duplex contains two residences with approximately 3,370 square feet combined. Each has three bedrooms, 2.5 bathrooms, an open living area, and a kitchen with granite counters, an island, gas range, and stainless steel appliances. Other features include walk-in closets, double-vanity primary bathrooms, in-unit laundry, a private driveway and garage, and a fenced backyard with a covered patio.
The property is at 1509 / 1511 S Barry Avenue. Downtown Dallas, Deep Ellum, Fair Park, Baylor University Medical Center, the Santa Fe Trail, and White Rock Lake are identified as nearby destinations. There is no HOA.
The property is at 1509 / 1511 S Barry Avenue. Downtown Dallas, Deep Ellum, Fair Park, Baylor University Medical Center, the Santa Fe Trail, and White Rock Lake are identified as nearby destinations. There is no HOA.
Key Highlights
- Built in 2024
- Approximately 3,370 square feet combined
- Two residences, each with 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,256
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,120
$1.2M
Cap Rate 7%
$846,514
$846.5K
Cap Rate 9%
$658,400
$658.4K
Market Conditions
NOI Build-Up for 3,370 SF
Gross rent
$94.2K $27.96/SF
− Vacancy
−$9.6K −$2.84/SF
EGI
$84.7K $25.12/SF
− OpEx
−$25.4K −$7.54/SF
NOI
$59.3K $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%
$1,185,120
Cap Rate 7%
$846,514
Cap Rate 9%
$658,400
Alternative Uses
Best Use
Multifamily LT 5
$846.5K
$740.7K – $987.6K
NOI $59,256 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$732.1K
$640.6K – $854.1K
NOI $51,244 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$4.04M
$3.54M – $4.72M
NOI $283,061 @ 7.0% cap · market cap 39.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 75223, TX
13,898
Population
4,872
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
65%
High-School Grad
3.1 sq mi
ZIP Area
4,483
Density / Sq Mi
$66,641
Median Household Income
$35,470
Median Earnings
$1,363
Median Rent
$244,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private garages, fenced yards, and covered patios.
Where is this duplex located?
The property is located at 1509 / 1511 S Barry Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Built in 2024; Approximately 3,370 square feet combined; Two residences, each with 3 bedrooms and 2.5 bathrooms
