Duplex with Updated
New
For Sale
$599,000
15515 El Estado Drive, Dallas, TX 75248
Each residence has its own entrance and utility service, with a three-bedroom, two-bathroom layout.
Property Size2,784 SF
Days on Market6
Property Features for 15515 El Estado Drive
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Duplex
Site & Location
Neighborhood
Prestonwood North
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$10,706
Building Details
Building Size
2,784 SF
Year Built
1967
Buildings
1
Listing Agency:
Keller Williams Dallas Midtown
Listed By:
Graham Pearce · License #0505854
(214) 228-0112
Source:
Nilesrealtygroup
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 28 at 5:07PM
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 Keller Williams Dallas Midtown
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Investment Insights
Based on property information with market context.
Built in 1967, this duplex contains two separate residences, each with three bedrooms and two bathrooms. Both have independent entrances and utility service. One unit is ready for occupancy and includes vinyl flooring, a refreshed kitchen with stainless steel appliances, and an open living and dining area. Its floor plan places one bedroom and a full bathroom on the lower level, with two bedrooms and another full bathroom upstairs. The other residence is tenant-occupied under a lease.
The property is within Richardson ISD and minutes from UT Dallas, major employers, shopping, dining, and commuter routes.
The property is within Richardson ISD and minutes from UT Dallas, major employers, shopping, dining, and commuter routes.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Separate entrances and individual utility service for each unit
- One unit features vinyl flooring, a refreshed kitchen, stainless steel appliances, and an open living‑dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,952
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,040
$979.0K
Cap Rate 7%
$699,314
$699.3K
Cap Rate 9%
$543,911
$543.9K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$77.8K $27.96/SF
− Vacancy
−$7.9K −$2.84/SF
EGI
$69.9K $25.12/SF
− OpEx
−$21.0K −$7.54/SF
NOI
$49.0K $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%
$979,040
Cap Rate 7%
$699,314
Cap Rate 9%
$543,911
Alternative Uses
Best Use
Multifamily LT 5
$699.3K
$611.9K – $815.9K
NOI $48,952 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$604.8K
$529.2K – $705.6K
NOI $42,334 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,840 @ 7.0% cap · market cap 39.04%
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
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 75248, TX
38,210
Population
18,531
Households
2.1
Avg Household Size
41
Median Age
65%
College-Educated
97%
High-School Grad
7.4 sq mi
ZIP Area
5,164
Density / Sq Mi
$103,063
Median Household Income
$61,677
Median Earnings
$1,602
Median Rent
$543,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance and utility service, with a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 15515 El Estado Drive Dallas, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Separate entrances and individual utility service for each unit; One unit features vinyl flooring, a refreshed kitchen, stainless steel appliances, and an open living‑dining area
