Renovated
For Sale
$189,900
3812 Hancock St, Dallas, TX 75210
Two one-bedroom, one-bath units offer a straightforward residential income configuration.
Property Size1,144 SF
Price / SF$165
Days on Market75
Property Features for 3812 Hancock St
General Information
Standard status
Active
Size
1,144 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1936
Year Renovated
2025
Tenancy
Multi
Listing Agency:
DTX Realty, LLC
Listed By:
Rod Hanks · License #0558062
(214) 769-5091
Source:
Tonyaharbin
Added: Aug 2
Changed: Oct 2
Last Checked: Oct 5 at 10:01PM
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 DTX Realty, LLC
Investment Insights
Based on property information with market context.
This duplex at 3812 Hancock St in Dallas contains 1,144 square feet and was built in 1936. The property includes two residential units, each arranged with 1 bedroom and 1 bath. Renovation work is identified for 2022 and 2025, providing an updated configuration within an established building.
The two units have separate lease arrangements. The residence at 3812 Hancock is occupied through September 2026 under a Section 8 lease, while 3814 Hancock is leased on a month-to-month basis. The property is positioned as a manageable two-unit rental asset at the Hancock Street address.
The two units have separate lease arrangements. The residence at 3812 Hancock is occupied through September 2026 under a Section 8 lease, while 3814 Hancock is leased on a month-to-month basis. The property is positioned as a manageable two-unit rental asset at the Hancock Street address.
Key Highlights
- Two‑unit duplex at 3812 Hancock St, Dallas, TX 75210
- 1,144‑square‑foot property built in 1936
- Each unit includes 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,396
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,920
$347.9K
Cap Rate 7%
$248,514
$248.5K
Cap Rate 9%
$193,289
$193.3K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$35.4K $30.96/SF
− Vacancy
−$3.8K −$3.31/SF
EGI
$31.6K $27.65/SF
− OpEx
−$14.2K −$12.44/SF
NOI
$17.4K $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%
$347,920
Cap Rate 7%
$248,514
Cap Rate 9%
$193,289
Alternative Uses
Best Use
Multifamily LT 5
$287.4K
$251.5K – $335.3K
NOI $20,116 @ 7.0% cap · market cap 10.59%
Second Best
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,089 @ 7.0% cap · market cap 50.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 75210, TX
8,736
Population
2,824
Households
3.1
Avg Household Size
33
Median Age
9%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
3,798
Density / Sq Mi
$28,739
Median Household Income
$24,850
Median Earnings
$952
Median Rent
$110,800
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 - Two one-bedroom, one-bath units offer a straightforward residential income configuration.
Where is this duplex located?
The property is located at 3812 Hancock St Dallas, TX.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑unit duplex at 3812 Hancock St, Dallas, TX 75210; 1,144‑square‑foot property built in 1936; Each unit includes 1 bedroom and 1 bath
