Two-Unit Duplex with
New
For Sale
$1,500,000
2009 N Prairie Avenue #2009/2011, Dallas, TX 75204
Both furnished residences are currently operated as Airbnb rentals in Dallas.
Property Size6,296 SF
Price / SF$238.25
Days on Market5
Property Features for 2009 N Prairie Avenue #2009/2011
General Information
Standard status
Active
Size
6,296 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
gated entry
hardwood flooring
stainless appliances
gas range
pot filler
breakfast island
walk-in pantry
fireplace
mudroom
game room
oversized laundry room
soaking tub
double sinks
separate shower
body sprays
custom closet
multiple balconies
covered patio
tall privacy fence
easy to maintain landscaping
Building Details
Year Built
2017
Construction
contemporary
Listing Agency:
Real Broker, LLC
(682) 597-8725
Listed By:
Cameron Johnson
(214) 886-3359
Source:
Mainstreethomeguide
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 6:16PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 6,296-square-foot duplex, built in 2017, contains two furnished residences and is currently used as an Airbnb. Interior features include hardwood floors, high ceilings, an open foyer, and combined living and dining space with a fireplace. The kitchen has stainless steel appliances, a gas range, pot filler, breakfast island, and walk-in pantry. A game room and laundry room with built-in cabinetry are upstairs. Each residence includes a primary suite; additional features include multiple balconies, a covered patio, a gated entry, and a privacy fence.
The property is at 2009 N Prairie Avenue in Dallas. The surrounding area includes parks, shopping, restaurants, and entertainment options, with Deep Ellum and the Baylor Medical District also identified nearby.
The property is at 2009 N Prairie Avenue in Dallas. The surrounding area includes parks, shopping, restaurants, and entertainment options, with Deep Ellum and the Baylor Medical District also identified nearby.
Key Highlights
- Two‑unit duplex with 6,296 square feet
- Built in 2017; both residences are furnished and currently used as Airbnb rentals
- Kitchen features stainless appliances, a 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.
Property 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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both furnished residences are currently operated as Airbnb rentals in Dallas.
Where is this duplex located?
The property is located at 2009 N Prairie Avenue #2009/2011 Dallas, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two‑unit duplex with 6,296 square feet; Built in 2017; both residences are furnished and currently used as Airbnb rentals; Kitchen features stainless appliances, a gas range, pot filler, island, and walk‑in pantry
