Well-Maintained Full
15529 El Estado Drive Dallas, TX 75248
New
For Sale
$599,000
Each side offers 3 bedrooms, 2 bathrooms, separate entrances, and individual utilities, with one unit move-in ready.
Property Size2,784 SF
Price / SF$215.16
Days on Market5
Property Features for 15529 El Estado Drive
General Information
- Standard status
- Active
- Size
- 2,784 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1967
Listing Agency:
Keller Williams Dallas Midtown
(214) 526-4663
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 23 at 5:18AM
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
Investment Insights
Based on property information with market context.
Well-maintained full duplex with two separate residences, each featuring 3 bedrooms and 2 bathrooms, along with separate entrances and individual utilities. The downstairs layout includes a bedroom and a full bath, while two additional bedrooms and a second full bath are located upstairs.
One unit is move-in ready and has been updated with vinyl flooring, a refreshed kitchen, stainless steel appliances, and an open-concept living and dining area. The second unit is currently tenant-occupied with a lease in place.
Located in a North Dallas area within Richardson ISD and just minutes from UT Dallas and major employers, with convenient access to shopping, dining, and commuter routes.
One unit is move-in ready and has been updated with vinyl flooring, a refreshed kitchen, stainless steel appliances, and an open-concept living and dining area. The second unit is currently tenant-occupied with a lease in place.
Located in a North Dallas area within Richardson ISD and just minutes from UT Dallas and major employers, with convenient access to shopping, dining, and commuter routes.
Key Highlights
- 1967‑built full duplex in North Dallas with two separate units, each offering 3 bedrooms and 2 bathrooms
- Each side has separate entrances and individual utilities, creating separate living and rental spaces
- One unit is move‑in ready with vinyl flooring, updated kitchen, stainless steel appliances, and an open‑concept living and dining area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $27.96 |
| − Vacancy | −$7.9k | −$2.84 |
| EGI | $69.9k | $25.12 |
| − OpEx | −$21.0k | −$7.54 |
| NOI | $49.0k | $17.58 |
2,784 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each side offers 3 bedrooms, 2 bathrooms, separate entrances, and individual utilities, with one unit move-in ready.
Where is this duplex located?
The property is located at 15529 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: 1967‑built full duplex in North Dallas with two separate units, each offering 3 bedrooms and 2 bathrooms; Each side has separate entrances and individual utilities, creating separate living and rental spaces; One unit is move‑in ready with vinyl flooring, updated kitchen, stainless steel appliances, and an open‑concept living and dining area
