Duplex with Private
For Sale
$710,000
1511 S Barry Ave 1509, Dallas, TX 75223
Each residence includes three bedrooms, two-and-a-half bathrooms, and a fenced backyard.
Property Size3,370 SF
Price / SF$210.68
Days on Market10
Property Features for 1511 S Barry Ave 1509
General Information
Standard status
Active
Size
3,370 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hollywood Heights
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
private fenced backyard
covered patio
washer/dryer
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Prime Capital Real Estate Grou
Listed By:
Hannah Allen
(254) 733-7103
Source:
Divinerealtygrp
Added: Oct 24
Changed: Nov 1
Last Checked: Nov 1 at 5:40AM
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 duplex contains two separate residences totaling approximately 3,370 square feet. Each unit has three bedrooms and two-and-a-half bathrooms, with open living areas, luxury vinyl plank floors, and a kitchen equipped with granite counters, a seating island, a gas range, and stainless steel appliances. Private driveways lead to front-facing garages; both units also include laundry appliances, a fenced yard, and a covered patio. Upstairs primary suites have walk-in closets and private baths with double vanities and tiled showers.
The property is in East Dallas, with access to Downtown Dallas, Deep Ellum, Fair Park, and Baylor University Medical Center. The Santa Fe Trail and White Rock Lake are among the nearby outdoor recreation options. There is no HOA.
The property is in East Dallas, with access to Downtown Dallas, Deep Ellum, Fair Park, and Baylor University Medical Center. The Santa Fe Trail and White Rock Lake are among the nearby outdoor recreation options. There is no HOA.
Key Highlights
- Two‑unit duplex with approximately 3,370 square feet combined
- Built in 2024
- Each unit has 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
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 - Each residence includes three bedrooms, two-and-a-half bathrooms, and a fenced backyard.
Where is this duplex located?
The property is located at 1511 S Barry Ave 1509 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: Two‑unit duplex with approximately 3,370 square feet combined; Built in 2024; Each unit has 3 bedrooms and 2.5 bathrooms
