Duplex with Private
For Sale
$1,499,998
2009/2011 N Prairie Avenue # 2009/2011, Dallas, TX 75204
Both furnished residences are currently operated as Airbnb rentals.
Property Size6,296 SF
Days on Market14
Property Features for 2009/2011 N Prairie Avenue # 2009/2011
General Information
Standard status
Active
Size
6,296 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Fitzhugh-Capitol
Amenities
Ceramic Tile,Combination,Hardwood,Tile,Varies,Wood
2
8
Blue BT LE
100
Window Coverings
1
Built-in Features,Cable TV Available,Cathedral Ceiling(s),Chandelier,Decorative Lighting,Double Vanity,Eat-in Kitchen,Granite Counters,High Speed Internet Available,In-Law Suite Floorplan,Kitchen Isl
Electric,Glass Doors,Living Room,Ventless,Other
Back Yard,Fenced,Full,Gate,High Fence,Privacy,Security,Wood,Other
Less Than .5 Acre (not Zero)
Slab
Yes
19
Interior Lot,Landscaped,Level,No Backyard Grass,Other,Subdivision
21
0.0700
4
Acres
Assessor
Additional Parking,Covered,Direct Access,Driveway,Enclosed,Garage,Garage Door Opener,Garage Faces Front,Garage Single Door,Inside Entrance,Kitchen Level,Lighted,On Street,Open,Other,Outside,Oversized
Balcony,Courtyard,Covered Patio/Porch,Dog Run,Private Entrance,Private Yard,Other
6296.00
3049.2000
Front Porch,Patio,Rear Porch,Side Porch,Other
Building Details
Building Size
6,296 SF
Year Built
2017
Listing Agency:
Twenty-Two Realty
(817) 402-2342
Listed By:
Shannon Bullington
Source:
Focusonhomesrealty
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 31 at 2:28AM
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 Twenty-Two Realty
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Investment Insights
Based on property information with market context.
Built in 2017, this Dallas duplex has two furnished residences currently used as Airbnb rentals. The interior layout includes open living and dining areas, a kitchen with stainless steel appliances, a gas range and a large island, plus a fireplace. Upstairs are a game room, laundry room and two primary suites, including a second suite suited to multigenerational or shared living arrangements. Hardwood flooring, tall ceilings and fresh interior paint are among the finishes and features. The property also includes a gated entry, balconies and a covered patio.
The property is at 2009/2011 N Prairie Avenue in Dallas, with parks, shopping, restaurants, Deep Ellum and the Baylor Medical District described as nearby. The site measures 0.0700 acres and includes a privacy fence and landscaped grounds.
The property is at 2009/2011 N Prairie Avenue in Dallas, with parks, shopping, restaurants, Deep Ellum and the Baylor Medical District described as nearby. The site measures 0.0700 acres and includes a privacy fence and landscaped grounds.
Key Highlights
- Two furnished residences currently used as Airbnb rentals
- Built in 2017
- Two primary suites, including a second suite with an in‑law layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,706
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,214,120
$2.2M
Cap Rate 7%
$1,581,514
$1.6M
Cap Rate 9%
$1,230,067
$1.2M
Market Conditions
NOI Build-Up for 6,296 SF
Gross rent
$176.0K $27.96/SF
− Vacancy
−$17.9K −$2.84/SF
EGI
$158.2K $25.12/SF
− OpEx
−$47.4K −$7.54/SF
NOI
$110.7K $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%
$2,214,120
Cap Rate 7%
$1,581,514
Cap Rate 9%
$1,230,067
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.85M
NOI $110,706 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,737 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$7.55M
$6.61M – $8.81M
NOI $528,828 @ 7.0% cap · market cap 35.26%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
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Business Placement
Demographics for 75204, TX
34,012
Population
23,304
Households
1.5
Avg Household Size
31
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
13,082
Density / Sq Mi
$93,007
Median Household Income
$71,995
Median Earnings
$1,822
Median Rent
$451,900
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 - Both furnished residences are currently operated as Airbnb rentals.
Where is this duplex located?
The property is located at 2009/2011 N Prairie Avenue # 2009/2011 Dallas, TX.
What is the asking price?
The asking price for this property is $1,499,998.
What are key features of this property?
This property features: Two furnished residences currently used as Airbnb rentals; Built in 2017; Two primary suites, including a second suite with an in‑law layout
