Contemporary Two-Unit
For Sale
$1,499,999
2009/2011 N Prairie Avenue 2009/2011, Dallas, TX 75204
The furnished property is currently operated as a short-term rental and includes gated entry and private outdoor areas.
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
Duplex
Additional Details
Furnished
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,793
Amenities
gated entry
fireplace
balconies
covered patio
game room
laundry room
Building Details
Building Size
6,296 SF
Year Built
2017
Buildings
1
Construction
contemporary
Listing Agency:
Twenty-Two Realty
Listed By:
Lanae Humbles · License #0610093
(817) 703-2012
Source:
Baerealty
Added: Oct 2
Changed: Oct 14
Last Checked: Oct 13 at 12:34AM
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
Investment Insights
Based on property information with market context.
Built in 2017, this contemporary duplex comprises two furnished residential units currently used as Airbnb rentals. The property features gated entry, hardwood flooring, an open-plan living and dining area, and a kitchen with stainless appliances, a gas range, pot filler, island, and walk-in pantry. Additional interior features include a fireplace, game room, laundry room with built-in storage, and two primary suites. Multiple balconies and a covered patio provide outdoor space, while a privacy fence encloses the landscaped yard.
The property is in Dallas, with nearby access to Deep Ellum and the Baylor Medical District. The units are furnished and are presently operated as short-term rentals.
The property is in Dallas, with nearby access to Deep Ellum and the Baylor Medical District. The units are furnished and are presently operated as short-term rentals.
Key Highlights
- Two‑unit duplex built in 2017
- Both furnished units are currently used as Airbnb rentals
- Kitchen features stainless appliances, gas range, pot filler, island, and walk‑in pantry
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The furnished property is currently operated as a short-term rental and includes gated entry and private outdoor areas.
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 $1,499,999.
What are key features of this property?
This property features: Two‑unit duplex built in 2017; Both furnished units are currently used as Airbnb rentals; Kitchen features stainless appliances, gas range, pot filler, island, and walk‑in pantry
