Contemporary Furnished
New
For Sale
$1,499,998
2009/2011 N Prairie Avenue #2009/2011, Dallas, TX 75204
Two furnished residential units feature open living and dining areas, gas ranges, balconies, and a covered patio.
Property Size6,296 SF
Price / SF$238.25
Days on Market5
Property Features for 2009/2011 N Prairie Avenue #2009/2011
General Information
Standard status
Active
Size
6,296 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
Fitzhugh-Capitol
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
gated entry
balcony
covered patio
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 Island
Natural Woodwork
Open Floorplan
Other
Pantry
Vaulted Ceiling(S)
Walk-In Closet(S)
Second Primary Bedroom
Balcony
Courtyard
Covered Patio/Porch
Dog Run
Private Entrance
Private Yard
Building Details
Building Size
6,296 SF
Year Built
2017
Buildings
1
Stories
2
Units
2
Listing Agency:
Twenty-Two Realty
Listed By:
Lanae Humbles · License #0610093
(817) 703-2012
Source:
Bsare
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 2:23PM
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 6,296-square-foot duplex comprises two furnished residential units and is currently used as an Airbnb. Interior features include an open foyer, hardwood floors, a kitchen with stainless steel appliances, gas range and pantry, and a combined living and dining area with a fireplace. Additional spaces include a game room, an oversized laundry room, and two primary suites. Outdoor features include multiple balconies, a covered patio, a privacy fence, and landscaped grounds.
The property is in Dallas, with Deep Ellum and the Baylor Medical District among the nearby destinations identified. Local parks, shopping, restaurants, and entertainment options are also noted in the surrounding area.
The property is in Dallas, with Deep Ellum and the Baylor Medical District among the nearby destinations identified. Local parks, shopping, restaurants, and entertainment options are also noted in the surrounding area.
Key Highlights
- Two‑unit duplex with 6,296 square feet
- Built in 2017
- Currently operated as an Airbnb
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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Lease Details
2
Residential units
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 - Two furnished residential units feature open living and dining areas, gas ranges, balconies, and a covered patio.
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‑unit duplex with 6,296 square feet; Built in 2017; Currently operated as an Airbnb
