Single-Story
New
For Sale
$625,000
15745 El Estado Drive, Dallas, TX 75248
The property includes a private patio, rear carport, updated kitchen, and luxury vinyl plank flooring in the main living areas.
Property Size3,145 SF
Days on Market3
Property Features for 15745 El Estado Drive
General Information
Standard status
Active
Size
3,145 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,301
Amenities
private patio
carport
Building Details
Building Size
3,145 SF
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Keller Williams Dallas Midtown
Listed By:
Graham Pearce · License #0505854
(214) 228-0112
Source:
Nilesrealtygroup
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:25AM
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.
This 1968 duplex is a single-story property with 3 bedrooms, 3 bathrooms, and two living areas. Luxury vinyl plank flooring covers the main living areas, and the updated kitchen has modern finishes and ample cabinet storage. The primary bedroom and one additional bedroom each have an ensuite bathroom.
Mature front-yard trees provide shade, while a private patio and rear carport add outdoor and covered parking space. The property is within Richardson ISD and is described as minutes from UT Dallas, shopping, dining, major employers, and commuter routes.
Mature front-yard trees provide shade, while a private patio and rear carport add outdoor and covered parking space. The property is within Richardson ISD and is described as minutes from UT Dallas, shopping, dining, major employers, and commuter routes.
Key Highlights
- Single‑story duplex built in 1968
- 3 bedrooms, 3 bathrooms, and two living areas
- Luxury vinyl plank flooring in the main living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,300
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,000
$1.1M
Cap Rate 7%
$790,000
$790.0K
Cap Rate 9%
$614,444
$614.4K
Market Conditions
NOI Build-Up for 3,145 SF
Gross rent
$87.9K $27.96/SF
− Vacancy
−$8.9K −$2.84/SF
EGI
$79.0K $25.12/SF
− OpEx
−$23.7K −$7.54/SF
NOI
$55.3K $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%
$1,106,000
Cap Rate 7%
$790,000
Cap Rate 9%
$614,444
Alternative Uses
Best Use
Multifamily LT 5
$790.0K
$691.3K – $921.7K
NOI $55,300 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$683.2K
$597.8K – $797.1K
NOI $47,823 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $264,162 @ 7.0% cap · market cap 42.27%
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
466
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 - The property includes a private patio, rear carport, updated kitchen, and luxury vinyl plank flooring in the main living areas.
Where is this duplex located?
The property is located at 15745 El Estado Drive Dallas, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Single‑story duplex built in 1968; 3 bedrooms, 3 bathrooms, and two living areas; Luxury vinyl plank flooring in the main living areas
