Single-Story Full Duplex
15755 El Estado Drive Dallas, TX 75248
15755 El Estado Drive, Dallas, TX, 75248
$595,000
For Sale
$595,000
Well-maintained single-story duplex with separate entrances, private utilities, and two 3-bed/2-bath residences.
Property Size2,782 SF
Price / SF$213.87
Days on Market163
Property Features for 15755 El Estado Drive
General Information
- Standard status
- Active
- Size
- 2,782 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1968
Listing agency
Keller Williams Dallas Midtown
(214) 228-0112
Listed by
Graham Pearce · License #0505854
(214) 228-0112
Source
Compass
Added: Feb 8 Updated: Jul 20 at 8:34PM Checked: Jul 20 at 8:34PM
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 single-story full duplex featuring two separate residences, each offering 3 bedrooms and 2 full bathrooms. Both sides include separate entrances and private utilities, with spacious single-level layouts.
One half is move-in ready, with a large living area anchored by a cozy fireplace with built-ins. That unit also features an updated kitchen with modern finishes and stainless steel appliances. The second half is tenant-occupied with a lease in place, providing immediate rental income.
The property is located in Dallas, TX 75248, and is zoned to Richardson ISD. It is conveniently positioned near UT Dallas, shopping, dining, and major commuting routes.
One half is move-in ready, with a large living area anchored by a cozy fireplace with built-ins. That unit also features an updated kitchen with modern finishes and stainless steel appliances. The second half is tenant-occupied with a lease in place, providing immediate rental income.
The property is located in Dallas, TX 75248, and is zoned to Richardson ISD. It is conveniently positioned near UT Dallas, shopping, dining, and major commuting routes.
Key Highlights
- Single‑story full duplex (2 units), built in 1968, with brick construction and a slab foundation
- Each side offers 3 bedrooms and 2 full bathrooms with separate entrances and private utilities
- One half is tenant‑occupied with a lease in place; the other half is move‑in ready
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 | $77.8k | $27.96 |
| − Vacancy | −$7.9k | −$2.84 |
| EGI | $69.9k | $25.12 |
| − OpEx | −$21.0k | −$7.54 |
| NOI | $48.9k | $17.58 |
2,782 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$698.8K
$611.5K – $815.3K
NOI $48,917 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$604.3K
$528.8K – $705.1K
NOI $42,303 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$3.34M
$2.92M – $3.89M
NOI $233,672 @ 7.0% cap · market cap 39.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained single-story duplex with separate entrances, private utilities, and two 3-bed/2-bath residences.
Where is this duplex located?
The property is located at 15755 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: Single‑story full duplex (2 units), built in 1968, with brick construction and a slab foundation; Each side offers 3 bedrooms and 2 full bathrooms with separate entrances and private utilities; One half is tenant‑occupied with a lease in place; the other half is move‑in ready
