Desirable North Dallas
15543 El Estado Drive Dallas, TX 75248
15543 El Estado Drive, Dallas, TX, 75248
$575,000
For Sale
$575,000
Well-maintained duplex in North Dallas, ideal for investors/owner-occupants.
Property Size3,008 SF
Price / SF$191.16
Days on Market180
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
Listing Agency
Keller Williams Dallas Midtown
(214) 228-0112
Listed by
Graham Pearce · License #0505854
(214) 228-0112
Source
Compass
Added: Jan 18 Checked: Jul 10 at 12:20 pm
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.
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.
Key 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.
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
NOI $52,891 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$653.4K
$571.8K – $762.3K
NOI $45,740 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,655 @ 7.0% cap · market cap 43.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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 $575,000.
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.
