Two-Unit Duplex with
For Sale
$515,000
3609 Stables, Dallas, TX 75229
ResidentialIncome, Dallas, TX
Property Size2,808 SF
Lot Size0.19 Acres
Price / SF$183.40
Days on Market91
Property Features for 3609 Stables
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking
4
Parking features
Carport
Interior features
DecorativeDesignerLightingFixtures, GraniteCounters, MultipleMasterSuites, OpenFloorplan, CableTv
Appliances
Dishwasher, ElectricRange, Disposal, GasWaterHeater
Subdivision
Walnut Gardens Rev
Elementary school
Degolyer
Middle school
Marsh
High school
White
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
Head south from 635 on Marsh lane. Head west on Walnut Lane. Head north on Stables lane. Arrive at 3609 Stables Lane
Standard status
Active
APN
00000586225000000
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Amenities
fireplace
covered parking
private outdoor space
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Real Property Management Legen
(214) 227-2404
Listed By:
Kent Lindloff · License #0712967
(214) 802-4445
Added: Jul 17
Changed: Oct 3
Last Checked: Oct 15 at 1:06AM
MLS# 21329883
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1970 brick duplex contains two residential units, each arranged with two bedrooms, two full bathrooms, an open living area with fireplace, a galley-style kitchen, and a private primary suite with en-suite bath. Interior finishes include granite counters, vinyl and carpet flooring, central air, ceiling fans, and natural-gas heating. Each residence also has private outdoor space and covered parking.
One unit is scheduled to be vacant at the end of July, allowing an owner-occupant to live on-site while the second unit generates rental income. The property sits on 0.1924 acres and is served by public sewer. Access to I-635 and I-35E connects the duplex with Love Field Airport, Downtown Dallas, the Medical District, and major employment centers.
One unit is scheduled to be vacant at the end of July, allowing an owner-occupant to live on-site while the second unit generates rental income. The property sits on 0.1924 acres and is served by public sewer. Access to I-635 and I-35E connects the duplex with Love Field Airport, Downtown Dallas, the Medical District, and major employment centers.
Key Highlights
- Two‑unit duplex with two bedrooms and two full bathrooms in each residence
- One unit scheduled to be vacant at the end of July
- Each unit includes a fireplace, galley kitchen, private primary suite, and outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,698
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,960
$854.0K
Cap Rate 7%
$609,971
$610.0K
Cap Rate 9%
$474,422
$474.4K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$86.9K $30.96/SF
− Vacancy
−$9.3K −$3.31/SF
EGI
$77.6K $27.65/SF
− OpEx
−$34.9K −$12.44/SF
NOI
$42.7K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,960
Cap Rate 7%
$609,971
Cap Rate 9%
$474,422
Alternative Uses
Best Use
Multifamily LT 5
$705.3K
$617.2K – $822.9K
NOI $49,374 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$610.0K
$533.7K – $711.6K
NOI $42,698 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,856 @ 7.0% cap · market cap 45.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 75229, TX
33,168
Population
12,542
Households
2.6
Avg Household Size
37
Median Age
50%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
2,675
Density / Sq Mi
$121,381
Median Household Income
$52,169
Median Earnings
$1,522
Median Rent
$598,500
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 - Brick duplex with matching two-bedroom residences, private outdoor areas, fireplaces, and covered parking.
Where is this duplex located?
The property is located at 3609 Stables Dallas, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and two full bathrooms in each residence; One unit scheduled to be vacant at the end of July; Each unit includes a fireplace, galley kitchen, private primary suite, and outdoor space
