Remodeled Duplex with Two
For Sale
$340,000
320 Dawson Circle, Grand Prairie, TX 75051
Updated duplex with one leased residence and a second unit available for occupancy or leasing.
Property Size1,719 SF
Price / SF$197.79
Days on Market194
Property Features for 320 Dawson Circle
General Information
Standard status
Active
Size
1,719 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Amenities
Ceiling Fan(s), Central Air, Electric
Central, Electric, Natural Gas
Carpet, Luxury Vinyl Plank
Electric Range, Gas Range, Refrigerator
1719.0
Other, Pantry
No
Composition
One
1
Slab
Public Records
2
Frame
Building Details
Year Built
1953
Buildings
1
Listing Agency:
Kimberly Adams Realty
Listed By:
Tiffany Turincio · License #0722031
(817) 983-5475
Source:
Compass
Added: Feb 23
Changed: Sep 2
Last Checked: Aug 30 at 7:08PM
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 Kimberly Adams Realty
Investment Insights
Based on property information with market context.
This duplex contains two separate residences: a three-bedroom, one-bath unit and a two-bedroom, one-bath unit. The property was remodeled within the last three years and has 1,719 square feet. Interior finishes include luxury vinyl plank and carpet, along with updated lighting, ceiling fans, central air, and kitchen appliances, countertops, fixtures, and pantry space. Both units include washer and dryer connections.
The three-bedroom residence is leased, while the two-bedroom residence is vacant after owner occupancy. The property is in central Grand Prairie with access to Hwy 161, I-30, and I-20. Nearby employment and shopping destinations identified for the property include Epic, General Motors, Top Golf, IKEA, and AT&T Stadium.
The three-bedroom residence is leased, while the two-bedroom residence is vacant after owner occupancy. The property is in central Grand Prairie with access to Hwy 161, I-30, and I-20. Nearby employment and shopping destinations identified for the property include Epic, General Motors, Top Golf, IKEA, and AT&T Stadium.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 2‑bedroom residences
- 1,719 square feet with remodeling completed within the last 3 years
- 3‑bedroom, 1‑bath unit is leased
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
$17,057
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
5.02%
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%
$341,140
$341.1K
Cap Rate 7%
$243,671
$243.7K
Cap Rate 9%
$189,522
$189.5K
Market Conditions
NOI Build-Up for 1,719 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
$25.8K $15.00/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$24.4K $14.17/SF
− OpEx
−$7.3K −$4.25/SF
NOI
$17.1K $9.92/SF
Area
Grand Prairie, TX
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$341,140
Cap Rate 7%
$243,671
Cap Rate 9%
$189,522
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,057 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$226.8K
$198.5K – $264.6K
NOI $15,877 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$483.3K
$422.9K – $563.8K
NOI $33,830 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
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 - Updated duplex with one leased residence and a second unit available for occupancy or leasing.
Where is this duplex located?
The property is located at 320 Dawson Circle Grand Prairie, 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: Two‑unit duplex with 3‑bedroom and 2‑bedroom residences; 1,719 square feet with remodeling completed within the last 3 years; 3‑bedroom, 1‑bath unit is leased
