Duplex Property with
For Sale
$364,900
2542 Gladstone Drive, Dallas, TX 75211
Includes gas appliances, window units, space heating, and a carport.
Property Size1,749 SF
Days on Market72
Property Features for 2542 Gladstone Drive
General Information
Standard status
Active
Size
1,749 SF
Total Parking Spaces
2
Property subtype
Residential Income
Lease Term
Month To Month
Net Operating Income
$28,800
Taxes and HOA fees
Annual Taxes
$7,237
Amenities
Window Unit(s)
Space Heater
Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Gas Log
Carport
Building Details
Building Size
1,749 SF
Year Built
1920
Buildings
1
Listed By:
Chris Gonzales
(214) 520-4105
Source:
Evrealestate
Added: Aug 5
Changed: Oct 7
Last Checked: Oct 14 at 10:41PM
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 Chris Gonzales
Investment Insights
Based on property information with market context.
This duplex property at 2542 Gladstone Drive includes window units, space heaters, a gas oven, gas range, gas water heater, refrigerator, and gas log feature. A carport provides covered vehicle parking, and the property was built in 1920.
The property is located in Dallas County, west of Hampton between Davis and Clarendon. The address is 2542 Gladstone Drive, Dallas, TX 75211.
The property is located in Dallas County, west of Hampton between Davis and Clarendon. The address is 2542 Gladstone Drive, Dallas, TX 75211.
Key Highlights
- Duplex property at 2542 Gladstone Drive, Dallas, TX 75211
- Built in 1920
- Carport included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,622
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,440
$612.4K
Cap Rate 7%
$437,457
$437.5K
Cap Rate 9%
$340,244
$340.2K
Market Conditions
NOI Build-Up for 1,749 SF
Gross rent
$48.7K $27.84/SF
− Vacancy
−$4.9K −$2.83/SF
EGI
$43.7K $25.01/SF
− OpEx
−$13.1K −$7.50/SF
NOI
$30.6K $17.51/SF
Area
ZIP 75211
Vacancy
10.16%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,440
Cap Rate 7%
$437,457
Cap Rate 9%
$340,244
Alternative Uses
Best Use
Multifamily LT 5
$437.5K
$382.8K – $510.4K
NOI $30,622 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$379.9K
$332.4K – $443.3K
NOI $26,595 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$525.2K
$459.5K – $612.7K
NOI $36,761 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 75211, TX
70,695
Population
24,103
Households
2.9
Avg Household Size
32
Median Age
14%
College-Educated
61%
High-School Grad
17.2 sq mi
ZIP Area
4,110
Density / Sq Mi
$56,377
Median Household Income
$33,845
Median Earnings
$1,251
Median Rent
$198,500
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 - Includes gas appliances, window units, space heating, and a carport.
Where is this duplex located?
The property is located at 2542 Gladstone Drive Dallas, TX.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: Duplex property at 2542 Gladstone Drive, Dallas, TX 75211; Built in 1920; Carport included
