Two-Unit Duplex with Separate
2404-2406 Colony Court Dallas, TX 75235
For Sale
$340,000
A Dallas duplex with two identical 2/1 units, separate entrances, and central air installed in 2025.
Property Size1,552 SF
Price / SF$219.07
Days on Market93
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 Agency:
eXp Realty LLC
(312) 835-0524
Listed By:
Kayode Adegoke · License #0761174
(312) 835-0524
Source:
Compass
Added: Apr 27
Changed: Jul 10
Last Checked: Jul 27 at 1:34PM
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
Investment Insights
Based on property information with market context.
This charming duplex offers two spacious, identical floorplans: each unit features two bedrooms and one bathroom. Both units include functional layouts with updated appliances and beautiful hardwood floors, and each has its own separate entrance for added privacy. Central air was installed in all units in 2025, and the property benefits from a mix of occupancy, with one unit currently vacant and the other tenant occupied.
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.
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.
Key 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
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 |
1,552 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.1K – $454.8K
NOI $27,290 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,600 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,359 @ 7.0% cap · market cap 38.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - A Dallas duplex with two identical 2/1 units, separate entrances, and central air installed in 2025.
Where is this duplex located?
The property is located at 2404-2406 Colony Court Dallas, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 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
