Two-Unit Duplex with
For Sale
$359,000
3709 Mount Royal Street, Dallas, TX 75211
Both residences are leased, with detached garage space and driveway parking serving the property.
Property Size1,424 SF
Price / SF$252.11
Days on Market8
Property Features for 3709 Mount Royal Street
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Duplex
Occupancy
100%
Financials
Asking Price
$370,000
Gross Income
$32,100
Site & Location
Neighborhood
Turnpike Distribution Center
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,773
Building Details
Building Size
1,424 SF
Year Built
1942
Tenancy
Multi
Listing Agency:
Lardner Group
Listed By:
Colin Lardner
(214) 282-3144
Source:
Lardnergroup
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 11:43AM
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 Lardner Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1942, this duplex contains two 2-bedroom, 1-bathroom units, each measuring 712 square feet, for a combined 1,424 square feet. Interior and building updates completed in 2018 included refinished wood floors, stone countertops, refreshed bathrooms, windows, a composition roof, exterior paint, water heaters and HVAC units.
The residences are leased through late 2026 and early 2027. The property also includes two detached garages: one with space for two cars and another with a one-car bay and storage area. The larger garage has been identified as a possible ADU conversion. Driveway parking provides additional vehicle space.
The residences are leased through late 2026 and early 2027. The property also includes two detached garages: one with space for two cars and another with a one-car bay and storage area. The larger garage has been identified as a possible ADU conversion. Driveway parking provides additional vehicle space.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units; 712 square feet per unit and 1,424 square feet total
- Leased through late 2026 and early 2027
- 2018 updates include windows, composition roof, water heaters and HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,931
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
$498.6K
Cap Rate 7%
$356,157
$356.2K
Cap Rate 9%
$277,011
$277.0K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$39.6K $27.84/SF
− Vacancy
−$4.0K −$2.83/SF
EGI
$35.6K $25.01/SF
− OpEx
−$10.7K −$7.50/SF
NOI
$24.9K $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%
$498,620
Cap Rate 7%
$356,157
Cap Rate 9%
$277,011
Alternative Uses
Best Use
Multifamily LT 5
$356.2K
$311.6K – $415.5K
NOI $24,931 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$309.3K
$270.7K – $360.9K
NOI $21,653 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$427.6K
$374.1K – $498.8K
NOI $29,930 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with detached garage space and driveway parking serving the property.
Where is this duplex located?
The property is located at 3709 Mount Royal Street Dallas, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 712 square feet per unit and 1,424 square feet total; Leased through late 2026 and early 2027; 2018 updates include windows, composition roof, water heaters and HVAC units
