Occupied Two-Unit
For Sale
$849,000
3749 High Vista Dr, Dallas, TX 75244
Both residences are leased to established long-term tenants.
Property Size3,380 SF
Lot Size0.28 Acres
Price / SF$251.18
Days on Market9
Property Features for 3749 High Vista Dr
General Information
Standard status
Active
Size
3,380 SF
Lot size
0.28 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1967
Listing Agency:
Mersaes Real Estate, Inc.
(972) 919-9700
Listed By:
Juan Hernandez · License #0650481
Source:
Cityupgroup
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 29 at 10:43AM
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 Mersaes Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex contains two side-by-side residences with a combined 3,380 square feet, six bedrooms, and four baths. Both units are occupied by established, long-term tenants, providing an income-producing configuration without a current lease-up requirement. Built in 1967, the property offers a straightforward two-unit residential layout on a 0.28-acre lot.
The property is located at 3749 High Vista Dr in Dallas, Texas 75244, within the North Dallas area. The surrounding context includes access to major highways, shopping, dining, and major employment centers. Lease and rent-roll details are available to qualified buyers through the listing agent.
The property is located at 3749 High Vista Dr in Dallas, Texas 75244, within the North Dallas area. The surrounding context includes access to major highways, shopping, dining, and major employment centers. Lease and rent-roll details are available to qualified buyers through the listing agent.
Key Highlights
- Two side‑by‑side duplex units
- Both units occupied by established, long‑term tenants
- 3,380 square feet with six bedrooms and four baths
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
$59,432
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
7.00%
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%
$1,188,640
$1.2M
Cap Rate 7%
$849,029
$849.0K
Cap Rate 9%
$660,356
$660.4K
Market Conditions
NOI Build-Up for 3,380 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
$94.5K $27.96/SF
− Vacancy
−$9.6K −$2.84/SF
EGI
$84.9K $25.12/SF
− OpEx
−$25.5K −$7.54/SF
NOI
$59.4K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /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%
$1,188,640
Cap Rate 7%
$849,029
Cap Rate 9%
$660,356
Alternative Uses
Best Use
Multifamily LT 5
$849.0K
$742.9K – $990.5K
NOI $59,432 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$734.2K
$642.5K – $856.6K
NOI $51,396 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,901 @ 7.0% cap · market cap 33.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 75244, TX
12,576
Population
6,346
Households
2
Avg Household Size
39
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
2,734
Density / Sq Mi
$112,800
Median Household Income
$69,219
Median Earnings
$1,918
Median Rent
$578,200
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 - Both residences are leased to established long-term tenants.
Where is this duplex located?
The property is located at 3749 High Vista Dr Dallas, TX.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two side‑by‑side duplex units; Both units occupied by established, long‑term tenants; 3,380 square feet with six bedrooms and four baths
