New Construction Three-Suite
New
For Sale
$720,000
1902 & 1904 Warren Avenue, Dallas, TX 75215
Each residence offers private full baths, walk-in closets, and a two-car garage.
Property Size3,442 SF
Days on Market4
Property Features for 1902 & 1904 Warren Avenue
General Information
Standard status
Active
Size
3,442 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
3,442 SF
Year Built
2026
Buildings
1
Listing Agency:
Monument Realty
(214) 705-7827
Listed By:
Malia Leslie
Source:
Nilesrealtygroup
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 6 at 3:47AM
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 Monument Realty
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences measuring 1,721 sq ft per side. Each unit is arranged with three private bedroom suites, giving every bedroom its own full bathroom and walk-in closet. Additional interior features include a powder room, fluted cabinetry, quartz slab backsplash, pot filler, linear LED fireplace, freestanding soaking tub, rain shower, under-stair built-ins, and a doggie den nook. Stainless steel oven, microwave, and dishwasher are included in each residence, along with a 2-car garage per side.
The property is located at 1902 & 1904 Warren Avenue in Dallas, TX 75215. Fair Park is under a mile away, while Deep Ellum, Downtown, and Baylor are each just under two miles from the duplex. The property has no HOA and no rental restrictions.
The property is located at 1902 & 1904 Warren Avenue in Dallas, TX 75215. Fair Park is under a mile away, while Deep Ellum, Downtown, and Baylor are each just under two miles from the duplex. The property has no HOA and no rental restrictions.
Key Highlights
- Two‑unit duplex with 1,721 sq ft per side
- Three private bedroom suites in each unit
- Every bedroom includes a full bath and walk‑in closet
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 | $96.2k | $27.96 |
| − Vacancy | −$9.8k | −$2.84 |
| EGI | $86.5k | $25.12 |
| − OpEx | −$25.9k | −$7.54 |
| NOI | $60.5k | $17.58 |
3,442 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$864.6K
$756.5K – $1.01M
NOI $60,522 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$747.7K
$654.2K – $872.3K
NOI $52,339 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$4.13M
$3.61M – $4.82M
NOI $289,108 @ 7.0% cap · market cap 40.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 75215, TX
18,806
Population
8,481
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
73%
High-School Grad
7.7 sq mi
ZIP Area
2,442
Density / Sq Mi
$41,388
Median Household Income
$34,114
Median Earnings
$1,209
Median Rent
$137,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers private full baths, walk-in closets, and a two-car garage.
Where is this duplex located?
The property is located at 1902 & 1904 Warren Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,721 sq ft per side; Three private bedroom suites in each unit; Every bedroom includes a full bath and walk‑in closet
