Updated
New
For Sale
$599,000
15515 El Estado Drive, Dallas, TX 75248
ResidentialIncome, Dallas, TX
Property Size2,784 SF
Lot Size0.23 Acres
Price / SF$215.16
Days on Market1
Property Features for 15515 El Estado Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 3
Parking
4
Parking features
Carport
Patio and Porch features
Patio
Interior features
Pantry, CableTv
Exterior features
Lighting, RainGutters
Appliances
Dishwasher, ElectricCooktop, ElectricOven, Disposal, Microwave
Subdivision
Richardson Heights Estates West Re
Lot features
Interior Lot
Elementary school
Spring Creek
Middle school
Westwood
High school
Richardson
Elementary school district
Richardson ISD
Middle school district
Richardson ISD
High school district
Richardson ISD
Directions
Use GPS.
Standard status
Active
APN
00000799315000000
Size
2,784 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
RICHARDSON HEIGHTS ESTS WEST REV BLK 36/8196
Tax Annual Amount
10706
Legal Description
RICHARDSON HEIGHTS ESTS WEST REV BLK 36/8196
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Dallas Midtown · Keller Williams Realty
Listed By:
Graham Pearce
(214) 526-4663
Added: Oct 22
Last Checked: Oct 22 at 7:06PM
MLS# 21383594
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,784-square-foot duplex, built in 1967, contains two residences with separate entrances and individual utilities. Each side has three bedrooms and two bathrooms. One residence features vinyl flooring, a renovated kitchen with stainless steel appliances, and an open living and dining area. Its layout places a bedroom and full bathroom downstairs, with two bedrooms and another full bathroom above. The second residence is occupied under a current lease.
The property occupies 0.229 acres in Dallas and is served by Richardson ISD. The University of Texas at Dallas, employment centers, retail and dining options, and commuter routes are nearby. Brick construction, carport parking, and a patio are among the additional property features.
The property occupies 0.229 acres in Dallas and is served by Richardson ISD. The University of Texas at Dallas, employment centers, retail and dining options, and commuter routes are nearby. Brick construction, carport parking, and a patio are among the additional property features.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,784 square feet on a 0.229‑acre lot
- Separate entrances and individual utilities for each residence
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other has refreshed finishes and stainless steel appliances.
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; 2,784 square feet on a 0.229‑acre lot; Separate entrances and individual utilities for each residence
