Tenant-Occupied
For Sale
$375,000
237 West Brooklyn Avenue, Dallas, TX 75208
Two separate residences offer private entry and flexible owner-occupant or leasing use.
Property Size1,600 SF
Price / SF$234.38
Days on Market180
Property Features for 237 West Brooklyn Avenue
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Amenities
Ceiling Fan(s), Window Unit(s)
Wall Furnace
No
Laminate
Electric Range
Cable TV Available
Composition
One
1
Pillar/Post/Pier
Public Records
2
Frame, Wood
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Only 1 Realty Group Dallas
(214) 476-7559
Listed By:
Merith Sepulveda · License #0831864
(214) 476-7559
Source:
Compass
Added: Mar 3
Changed: Aug 30
Last Checked: Aug 30 at 11:53AM
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 Only 1 Realty Group Dallas
Investment Insights
Based on property information with market context.
This full duplex contains 1,600 square feet and was built in 1915. Each residence has its own entrance, living areas, and functional floor plan. Interior features include laminate flooring, electric ranges, ceiling fans, window units, wall furnaces, and cable TV availability. The wood-frame property has a composition exterior and pier-and-post foundation.
The duplex is currently tenant occupied. It is positioned near Bishop Arts, with access to shops, dining, and entertainment, and is approximately a 10-minute drive from Downtown Dallas. The configuration supports an owner-occupant arrangement with one residence occupied by the owner and the other leased, subject to applicable requirements.
The duplex is currently tenant occupied. It is positioned near Bishop Arts, with access to shops, dining, and entertainment, and is approximately a 10-minute drive from Downtown Dallas. The configuration supports an owner-occupant arrangement with one residence occupied by the owner and the other leased, subject to applicable requirements.
Key Highlights
- Full duplex totaling 1,600 square feet
- Two residences, each with a private entrance
- Tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,134
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$562,680
$562.7K
Cap Rate 7%
$401,914
$401.9K
Cap Rate 9%
$312,600
$312.6K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.7K $27.96/SF
− Vacancy
−$4.5K −$2.84/SF
EGI
$40.2K $25.12/SF
− OpEx
−$12.1K −$7.54/SF
NOI
$28.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$562,680
Cap Rate 7%
$401,914
Cap Rate 9%
$312,600
Alternative Uses
Best Use
Multifamily LT 5
$401.9K
$351.7K – $468.9K
NOI $28,134 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,391 @ 7.0% cap · market cap 35.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,699
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
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 - Two separate residences offer private entry and flexible owner-occupant or leasing use.
Where is this duplex located?
The property is located at 237 West Brooklyn Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Full duplex totaling 1,600 square feet; Two residences, each with a private entrance; Tenant occupied
