New Construction Three-Suite
For Sale
$720,000
1902 & 1904 Warren Ave, Dallas, TX 75215
Each residence offers private full baths, walk-in closets, and a two-car garage.
Property Size3,442 SF
Price / SF$209.18
Days on Market96
Property Features for 1902 & 1904 Warren Ave
General Information
Standard status
Active
Size
3,442 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
The Cedars
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Monument Realty
Listed By:
Malia Leslie, Jaymi Leslie · License #0812842
(214) 705-7827
Source:
Tonyaharbin
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 5 at 9:21PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$60,522
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,440
$1.2M
Cap Rate 7%
$864,600
$864.6K
Cap Rate 9%
$672,467
$672.5K
Market Conditions
NOI Build-Up for 3,442 SF
Gross rent
$96.2K $27.96/SF
− Vacancy
−$9.8K −$2.84/SF
EGI
$86.5K $25.12/SF
− OpEx
−$25.9K −$7.54/SF
NOI
$60.5K $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%
$1,210,440
Cap Rate 7%
$864,600
Cap Rate 9%
$672,467
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.
How Realmo checks its estimates
Property Analytics
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
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 Ave 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
