Turnkey Duplex
3649-51 Stables Lane Unit 2 Dallas, TX 75229
3649-51 Stables Lane Unit 2, Dallas, TX, 75229
$799,999
For Sale
$799,999
Fully renovated duplex with two fully leased units and no HOA, featuring a 3-bedroom and a 2-bedroom layout.
Property Size2,878 SF
Price / SF$277.97
Days on Market74
Property Features for 3649-51 Stables Lane Unit 2
General Information
- Standard status
- Active
- Size
- 2,878 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1968
Listing agency
Keller Williams Realty DPR
(214) 497-0673
Listed by
Mida Derguti · License #0741491
(214) 497-0673
Source
Compass
Added: May 9 Updated: Jul 21 at 3:55AM Checked: Jul 21 at 3:55AM
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 Keller Williams Realty DPR
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two income-producing, fully leased units. Unit mix includes a spacious 3-bedroom, 2-bath home and a 2-bedroom, 2-bath home, each updated with modern finishes. The property is positioned as a turnkey, immediately income-producing asset.
Located at 3649-51 Stables Lane in Dallas, the duplex is described as being conveniently near major highways, shopping, dining, and employment centers. The property also has no HOA, providing ownership flexibility.
With both units currently leased and the duplex fully renovated, this configuration is designed to support stable rental income under a simple ownership structure without an HOA.
Located at 3649-51 Stables Lane in Dallas, the duplex is described as being conveniently near major highways, shopping, dining, and employment centers. The property also has no HOA, providing ownership flexibility.
With both units currently leased and the duplex fully renovated, this configuration is designed to support stable rental income under a simple ownership structure without an HOA.
Key Highlights
- Fully renovated 2‑unit duplex with both units currently fully leased
- Unit mix: spacious 3‑bedroom, 2‑bath unit plus 2‑bedroom, 2‑bath unit
- No HOA
Local 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 | $80.5k | $27.96 |
| − Vacancy | −$8.2k | −$2.84 |
| EGI | $72.3k | $25.12 |
| − OpEx | −$21.7k | −$7.54 |
| NOI | $50.6k | $17.58 |
2,878 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$722.9K
$632.6K – $843.4K
NOI $50,605 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$625.2K
$547.0K – $729.4K
NOI $43,763 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,735 @ 7.0% cap · market cap 30.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully renovated duplex with two fully leased units and no HOA, featuring a 3-bedroom and a 2-bedroom layout.
Where is this duplex located?
The property is located at 3649-51 Stables Lane Unit 2 Dallas, TX.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Fully renovated 2‑unit duplex with both units currently fully leased; Unit mix: spacious 3‑bedroom, 2‑bath unit plus 2‑bedroom, 2‑bath unit; No HOA
