Triplex with Three Two-Bedroom
New
For Sale
$395,000
230 W Jerden Lane, Dallas, TX 75208
Three separate residences offer a consistent two-bedroom, one-bathroom layout in a Dallas multifamily property.
Property Size1,828 SF
Price / SF$216.08
Days on Market3
Property Features for 230 W Jerden Lane
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Triplex
Site & Location
Neighborhood
Oak Cliff
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,226
Building Details
Building Size
1,828 SF
Year Built
1945
Listing Agency:
Fathom Realty LLC
Listed By:
Christopher Vyers
(888) 455-6040
Source:
Theescalantegroup
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 2 at 1:54PM
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 Fathom Realty LLC
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Investment Insights
Based on property information with market context.
This triplex contains three units, each configured with two bedrooms and one bathroom. The property totals 1,828 square feet and was built in 1945; updates are noted throughout the units.
The Dallas address places the property less than 2 miles from the Bishop Arts District. Dining, shopping, entertainment, major employment centers, and downtown Dallas are also identified as nearby destinations.
The Dallas address places the property less than 2 miles from the Bishop Arts District. Dining, shopping, entertainment, major employment centers, and downtown Dallas are also identified as nearby destinations.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- 1,828 square feet
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,143
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,860
$642.9K
Cap Rate 7%
$459,186
$459.2K
Cap Rate 9%
$357,144
$357.1K
Market Conditions
NOI Build-Up for 1,828 SF
Gross rent
$51.1K $27.96/SF
− Vacancy
−$5.2K −$2.84/SF
EGI
$45.9K $25.12/SF
− OpEx
−$13.8K −$7.54/SF
NOI
$32.1K $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%
$642,860
Cap Rate 7%
$459,186
Cap Rate 9%
$357,144
Alternative Uses
Best Use
Multifamily LT 5
$459.2K
$401.8K – $535.7K
NOI $32,143 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$397.1K
$347.5K – $463.3K
NOI $27,797 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,541 @ 7.0% cap · market cap 38.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer a consistent two-bedroom, one-bathroom layout in a Dallas multifamily property.
Where is this triplex located?
The property is located at 230 W Jerden Lane Dallas, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; 1,828 square feet; Built in 1945
