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    Desirable North Dallas Duplex Title is generated by Realmo AI

    15543 El Estado Drive, Dallas, TX 75248

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    Claim this Listing
    For Sale
    $595,000

    Well-maintained duplex in North Dallas, ideal for investors/owner-occupants.

    Type:Multi-Family / Full Duplex
    Property size:
    3,008 SF
    Price / SF:
    $197/SF
    Added:
    Jan 22, 2026
    Days on Market:
    130
    Last Refresh:
    Mar 13 at 4:47 pm

    Property Features for 15543 El Estado Drive

    General Information

    Standard status
    Active
    Size
    3,008 SF
    Property subtype
    Multi-Family / Full Duplex

    Building Details

    Year Built
    1967

    We can help!

    Listing Contact
    Graham Pearce

    Listing agent Graham Pearce License #0505854

    Listing office Keller Williams Dallas Midtown

    Listing date Jan 22, 2026

    Source Compass

    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

    HighLights

    • Full duplex in a desirable North Dallas location, offering investment or owner‑occupant potential.
    • One unit is move‑in ready with modern finishes, stainless steel appliances, and an open layout.
    • Tenant‑occupied unit provides immediate rental income.
    • Zoned to highly sought‑after Richardson ISD.
    • Conveniently located near UT Dallas, shopping, dining, and major commuting routes.
    • Each unit features 3 bedrooms and 2 bathrooms with separate entrances and utilities.

    Overview

    This well-maintained full duplex presents an excellent investment or owner-occupant opportunity in a desirable North Dallas location. The property includes two spacious 3-bedroom, 2-bath residences, each with separate entrances, utilities, and private living spaces. One half of the duplex is move-in ready, featuring vinyl flooring, a refreshed kitchen with modern finishes, stainless steel appliances, and a functional open layout. A bedroom is located downstairs with access to an updated full bathroom, while upstairs includes two additional bedrooms and a second full bathroom. The second half is tenant-occupied with a lease in place, offering immediate rental income. Suited for various ownership strategies, the duplex allows the option to live in one unit and lease the other at market rent or maintain both as income-producing properties. The property is zoned to Richardson ISD and is conveniently located near UT Dallas, shopping, dining, and major commuting routes. This property is ideal for investors seeking steady cash flow or buyers looking to offset their mortgage with rental income. The property size is 3008 square feet.

    Local 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 $84.1k $27.96
    − Vacancy −$8.5k −$2.84
    EGI $75.6k $25.12
    − OpEx −$22.7k −$7.54
    NOI $52.9k $17.58
    3,008 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $755.6K
    $661.1K – $881.5K (±1% cap)
    NOI $52,891 @ 7.0% cap · market cap 8.89%
    Second Best
    Apartment 5plus
    $653.4K
    $571.8K – $762.3K (±1% cap)
    NOI $45,740 @ 7.0% cap · market cap 7.69%
    Theoretical Best
    Office A
    $3.61M
    $3.16M – $4.21M (±1% cap)
    NOI $252,655 @ 7.0% cap · market cap 42.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.7712622
    Latitude
    32.9602339

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in North Dallas, ideal for investors/owner-occupants.
    Where is this duplex located?
    The property is located at 15543 El Estado Drive Dallas, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Full duplex in a desirable North Dallas location, offering investment or owner‑occupant potential.; One unit is move‑in ready with modern finishes, stainless steel appliances, and an open layout.; Tenant‑occupied unit provides immediate rental income.
    (214) 228-0112
    We can help!
    Listing Contact
    Graham Pearce
    Real Estate License ID: 0505854
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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