3709 Mount Royal Street, Dallas, TX 75211
MULTI_FAMILY - Dallas, TX
Property Features for 3709 Mount Royal Street
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The two units are leased with terms through late 2026 and early 2027. The home was built in 1942 and sits on a 0.163-acre lot with public water and public sewer. Parking includes driveway parking, a spacious two-car detached garage structure that could be converted to an accessory dwelling unit (ADU), and an additional one-car detached garage with storage.
With a combined layout of four bedrooms and two bathrooms, this property offers a practical setup for tenants who want independent living space while retaining additional outbuilding and storage options.
Key Highlights
- Two leased duplex units with terms through late 2026 and early 2027
- Each unit has two bedrooms and one bathroom (712 SF each; 1,424 SF total)
- Updated in 2018: windows, exterior paint, composition roof, water heaters, and HVAC units
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 | $39.6k | $27.84 |
| − Vacancy | −$4.0k | −$2.83 |
| EGI | $35.6k | $25.01 |
| − OpEx | −$10.7k | −$7.50 |
| NOI | $24.9k | $17.51 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Demographics for 75211, TX
Market
Vacancy Rate% for Multifamily in South region