Duplex with Central
For Sale
$325,000
2404-2406 Colony Ct, Dallas, TX 75235
Two matching units feature hardwood floors, separate entrances, and central air installed in 2025.
Property Size1,552 SF
Price / SF$209.41
Days on Market87
Property Features for 2404-2406 Colony Ct
General Information
Standard status
Active
Size
1,552 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1947
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
Kayode Adegoke · License #0761174
(888) 519-7431
Source:
Teamrobbins
Added: Jul 21
Changed: Sep 30
Last Checked: Oct 12 at 11:21PM
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 1,552-square-foot duplex, built in 1947, contains two matching units with two bedrooms and one bathroom each. Both residences include functional layouts, updated appliances, hardwood flooring, and separate entrances. Central air conditioning was installed throughout the property in 2025.
The property is located at 2404-2406 Colony Ct in Dallas, near Dallas Love Field and the Dallas Medical District. Downtown Dallas, major hospitals, airports, dining, and entertainment are accessible from the property. One unit is vacant, while the other is tenant occupied, providing a two-unit configuration with differing occupancy statuses.
The property is located at 2404-2406 Colony Ct in Dallas, near Dallas Love Field and the Dallas Medical District. Downtown Dallas, major hospitals, airports, dining, and entertainment are accessible from the property. One unit is vacant, while the other is tenant occupied, providing a two-unit configuration with differing occupancy statuses.
Key Highlights
- Two‑unit duplex with identical 2‑bedroom, 1‑bath floorplans
- 1,552 SF building constructed in 1947
- Central air installed in all units in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,290
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,800
$545.8K
Cap Rate 7%
$389,857
$389.9K
Cap Rate 9%
$303,222
$303.2K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$43.4K $27.96/SF
− Vacancy
−$4.4K −$2.84/SF
EGI
$39.0K $25.12/SF
− OpEx
−$11.7K −$7.54/SF
NOI
$27.3K $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%
$545,800
Cap Rate 7%
$389,857
Cap Rate 9%
$303,222
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.1K – $454.8K
NOI $27,290 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,600 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,359 @ 7.0% cap · market cap 40.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 75235, TX
19,153
Population
9,983
Households
1.9
Avg Household Size
33
Median Age
45%
College-Educated
77%
High-School Grad
6.7 sq mi
ZIP Area
2,859
Density / Sq Mi
$60,817
Median Household Income
$43,700
Median Earnings
$1,631
Median Rent
$283,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units feature hardwood floors, separate entrances, and central air installed in 2025.
Where is this duplex located?
The property is located at 2404-2406 Colony Ct Dallas, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑unit duplex with identical 2‑bedroom, 1‑bath floorplans; 1,552 SF building constructed in 1947; Central air installed in all units in 2025
