Quadplex with Rooftop Outdoor
New
For Sale
$1,900,000
2376 Longhorn Street A B C D, Dallas, TX 75228
Quartz countertops, a dedicated butler pantry, and separate ownership capability support flexible residential use.
Property Size10,712 SF
Days on Market2
Property Features for 2376 Longhorn Street A B C D
General Information
Standard status
Active
Size
10,712 SF
Property subtype
Quadruplex
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,453
Amenities
rooftop
Building Details
Building Size
10,712 SF
Year Built
2026
Construction
Contemporary
Listing Agency:
Suburban Real Estate
Listed By:
Bryan Ohene · License #0716088
(817) 793-4134
Source:
Nilesrealtygroup
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 13 at 1:16PM
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 Suburban Real Estate
Investment Insights
Based on property information with market context.
Built in 2026, this four-unit quadplex offers a separate ownership structure for each residence. The property includes quartz kitchen countertops, a 17 x 6 feet butler pantry with its own sink and an additional pantry-in-pantry arrangement. A full-house fire sprinkler system is installed in every unit.
The fourth level is configured as a rooftop outdoor area with space for enjoying the sunrise, sunset, night sky, and cityscape. Located at 2376 Longhorn Street in Dallas, the property combines four residential units with an elevated outdoor amenity and individually owned unit configuration.
The fourth level is configured as a rooftop outdoor area with space for enjoying the sunrise, sunset, night sky, and cityscape. Located at 2376 Longhorn Street in Dallas, the property combines four residential units with an elevated outdoor amenity and individually owned unit configuration.
Key Highlights
- Four‑unit quadplex built in 2026
- Each unit can be individually owned
- Full‑house fire sprinkler system in every unit
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
$162,887
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
8.57%
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%
$3,257,740
$3.3M
Cap Rate 7%
$2,326,957
$2.3M
Cap Rate 9%
$1,809,856
$1.8M
Market Conditions
NOI Build-Up for 10,712 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
$331.6K $30.96/SF
− Vacancy
−$35.5K −$3.31/SF
EGI
$296.2K $27.65/SF
− OpEx
−$133.3K −$12.44/SF
NOI
$162.9K $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 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%
$3,257,740
Cap Rate 7%
$2,326,957
Cap Rate 9%
$1,809,856
Alternative Uses
Best Use
Multifamily LT 5
$2.69M
$2.35M – $3.14M
NOI $188,354 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$2.33M
$2.04M – $2.71M
NOI $162,887 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$11.72M
$10.26M – $13.68M
NOI $820,744 @ 7.0% cap · market cap 43.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quartz countertops, a dedicated butler pantry, and separate ownership capability support flexible residential use.
Where is this quadplex located?
The property is located at 2376 Longhorn Street A B C D Dallas, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 2026; Each unit can be individually owned; Full‑house fire sprinkler system in every unit
