8-Bedroom Multifamily
For Sale
$450,000
2129 Province Ln, Dallas, TX 75228
Operating shared-housing layout with private bedrooms, common areas, and furnishings included in the transfer.
Property Size1,722 SF
Price / SF$261.32
Days on Market69
Property Features for 2129 Province Ln
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Multi-Family
Building Details
Year Built
1958
Listing Agency:
eXp Realty LLC
Listed By:
Erika Butler · License #0679989
(214) 673-9548
Source:
Cityupgroup
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 7 at 1:04PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This multifamily property is configured as an operating PadSplit shared-housing residence with 8 bedrooms and 3 bathrooms. The interior combines designated private sleeping rooms with shared common areas, supporting the existing co-living arrangement. Appliances, furniture, and other personal property are included in the transfer, excluding tenants’ personal items.
Built in 1958, the property contains 1,722 square feet and is located in Dallas, Texas. Its current configuration and included furnishings provide a defined physical setup for continued shared-housing use.
Built in 1958, the property contains 1,722 square feet and is located in Dallas, Texas. Its current configuration and included furnishings provide a defined physical setup for continued shared-housing use.
Key Highlights
- 8 bedrooms and 3 bathrooms in a shared‑housing configuration
- Operating PadSplit residence with private bedrooms and shared common areas
- 1,722 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,185
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,700
$523.7K
Cap Rate 7%
$374,071
$374.1K
Cap Rate 9%
$290,944
$290.9K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$53.3K $30.96/SF
− Vacancy
−$5.7K −$3.31/SF
EGI
$47.6K $27.65/SF
− OpEx
−$21.4K −$12.44/SF
NOI
$26.2K $15.21/SF
Area
ZIP 75228
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,700
Cap Rate 7%
$374,071
Cap Rate 9%
$290,944
Alternative Uses
Best Use
Apartment 5plus
$374.1K
$327.3K – $436.4K
NOI $26,185 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.65M – $2.20M
NOI $131,938 @ 7.0% cap · market cap 29.32%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
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Business Placement
Demographics for 75228, TX
68,219
Population
27,329
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
11.4 sq mi
ZIP Area
5,984
Density / Sq Mi
$59,617
Median Household Income
$36,862
Median Earnings
$1,196
Median Rent
$259,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Operating shared-housing layout with private bedrooms, common areas, and furnishings included in the transfer.
Where is this multifamily property located?
The property is located at 2129 Province Ln Dallas, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 8 bedrooms and 3 bathrooms in a shared‑housing configuration; Operating PadSplit residence with private bedrooms and shared common areas; 1,722 square feet of property size
