2404-2406 Colony Court, Dallas, TX 75235
A Dallas duplex with two identical 2/1 units, separate entrances, and central air installed in 2025.
- Added:
- Apr 27, 2026
- Days on Market:
- 44
- Last Refresh:
- Jun 6 at 1:52 am
Property Features for 2404-2406 Colony Court
General Information
- Standard status
- Active
- Size
- 1,552 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1947
Listing agent Kayode Adegoke License #0761174 (312) 835-0524
Listing office eXp Realty LLC (312) 835-0524
Listing date Apr 27, 2026
Source Compass
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
HighLights
- Duplex with 2 total units, each a 2‑bedroom, 1‑bath with identical floorplans
- Central air installed in all units in 2025
- Each unit includes updated appliances, hardwood flooring, and separate entrances
- Eat‑in kitchen with granite counters and walk‑in closet(s) in each unit
- One unit currently vacant and the other is tenant occupied
- 1947 build with slab foundation, shingle roof, and vinyl siding
Overview
Located in Dallas near Love Field and the Dallas Medical District, the property is positioned for convenient access to downtown and surrounding employment and activity centers. The area also offers practical proximity to major hospitals, airports, dining, and entertainment.
With two fully self-contained residences, the duplex can work well for owner-occupants seeking rental income from the second unit, as well as investors looking for a straightforward two-door rental setup. The identical unit design can also simplify leasing and turnover planning, while the separate entrances support day-to-day privacy for occupants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $27.96 |
| − Vacancy | −$4.4k | −$2.84 |
| EGI | $39.0k | $25.12 |
| − OpEx | −$11.7k | −$7.54 |
| NOI | $27.3k | $17.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.85545
- Latitude
- 32.835716
