Contemporary Duplex With Dual
For Sale
$730,000
1654-1656 Hudspeth Avenue, Dallas, TX 75216
Tenant-occupied multifamily property with open layouts, fenced yards, and updated residential finishes in both units.
Property Size2,148 SF
Price / SF$339.85
Days on Market112
Property Features for 1654-1656 Hudspeth Avenue
General Information
Standard status
Active
Size
2,148 SF
Total Parking Spaces
12
Property subtype
Multi-Family / Full Duplex
Occupancy
100%
Units
Unit Mix
2 x 5BR/3.5BA
Multifamily Units
2
Amenities
private backyards
electric fireplaces
Ceiling Fan(s), Central Air, Electric
Central, Electric, Fireplace Insert
No
Luxury Vinyl Plank
Dishwasher, Disposal, Electric Range
2148.0
1
Decorative Lighting, Eat-in Kitchen, In-Law Suite Floorplan, Kitchen Island, Walk-In Closet(s), Second Primary Bedroom
Electric
Composition
Two
Back Yard, Fenced, Front Yard, High Fence, Wood
Rain Gutters, Lighting
2
Slab
Builder
Board & Batten Siding, Fiber Cement, Rock/Stone, Siding
Building Details
Year Built
2024
Buildings
1
Tenancy
Multi
Listing Agency:
Suburban Real Estate
(817) 793-4134
Listed By:
Bryan Ohene · License #0716088
(817) 793-4134
Source:
Compass
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 1:26PM
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 Suburban Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two spacious residences, each offering 5 bedrooms and 3.5 bathrooms. The interiors use open-concept planning with generous living areas, contemporary finishes, luxury vinyl plank flooring, kitchen islands, walk-in closets, and eat-in kitchens equipped with dishwashers, disposals, and electric ranges. Each unit also includes two private ensuite bedrooms, an electric fireplace with built-in heat functionality, central electric air, and a fenced private backyard.
The property encompasses 2,148 SF and includes front and back yards, rain gutters, exterior lighting, and a slab foundation. Both units are currently leased, providing an occupied income-producing configuration. The address is near the VA Hospital in Dallas, Texas.
The property encompasses 2,148 SF and includes front and back yards, rain gutters, exterior lighting, and a slab foundation. Both units are currently leased, providing an occupied income-producing configuration. The address is near the VA Hospital in Dallas, Texas.
Key Highlights
- Two‑unit duplex totaling 2,148 SF
- Each residence includes 5 bedrooms and 3.5 bathrooms
- Two private ensuite bedrooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,380
$755.4K
Cap Rate 7%
$539,557
$539.6K
Cap Rate 9%
$419,656
$419.7K
Market Conditions
NOI Build-Up for 2,148 SF
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.
Gross rent
$60.1K $27.96/SF
− Vacancy
−$6.1K −$2.84/SF
EGI
$54.0K $25.12/SF
− OpEx
−$16.2K −$7.54/SF
NOI
$37.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,380
Cap Rate 7%
$539,557
Cap Rate 9%
$419,656
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.1K – $629.5K
NOI $37,769 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,662 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,420 @ 7.0% cap · market cap 24.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 75216, TX
55,759
Population
20,612
Households
2.7
Avg Household Size
34
Median Age
9%
College-Educated
70%
High-School Grad
14.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$37,613
Median Household Income
$31,020
Median Earnings
$1,169
Median Rent
$138,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied multifamily property with open layouts, fenced yards, and updated residential finishes in both units.
Where is this duplex located?
The property is located at 1654-1656 Hudspeth Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,148 SF; Each residence includes 5 bedrooms and 3.5 bathrooms; Two private ensuite bedrooms in each unit
