Renovated Turnkey
3812 Hancock Street Dallas, TX 75210
3812 Hancock Street, Dallas, TX, 75210
$195,000
For Sale
$195,000
Turnkey duplex with two renovated 1-bed, 1-bath units, including an existing Section 8 lease.
Property Size1,144 SF
Price / SF$170.45
Days on Market90
Property Features for 3812 Hancock Street
General Information
- Standard status
- Active
- Size
- 1,144 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1936
Listing agency
DTX Realty, LLC
(214) 769-5091
Listed by
Rod Hanks · License #0558062
(214) 769-5091
Source
Compass
Added: Apr 24 Updated: Jul 22 at 2:35AM Checked: Jul 22 at 2:35AM
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.
Turnkey duplex fully renovated in 2022 and 2025. The property consists of two separate 1-bedroom, 1-bath units.
3812 Hancock is rented on Section 8 for $891, with a lease in place through September 2026. 3814 Hancock is leased for $1050 on a month-to-month basis.
This is a single duplex ownership opportunity configured as two independent residential income units with existing rental income.
3812 Hancock is rented on Section 8 for $891, with a lease in place through September 2026. 3814 Hancock is leased for $1050 on a month-to-month basis.
This is a single duplex ownership opportunity configured as two independent residential income units with existing rental income.
Key Highlights
- 2‑unit duplex built in 1936 with frame wood construction and one‑story layout
- Both units renovated in 2022 and 2025; each unit is 1 bed and 1 bath
- 3812 Hancock unit is rented on Section 8 for $891, leased through Sept 2026
Local Financial Insights For Apartment 5plus
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 | $35.4k | $30.96 |
| − Vacancy | −$3.8k | −$3.31 |
| EGI | $31.6k | $27.65 |
| − OpEx | −$14.2k | −$12.44 |
| NOI | $17.4k | $15.21 |
1,144 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.4K
$251.5K – $335.3K
NOI $20,116 @ 7.0% cap · market cap 10.32%
Second Best
Apartment 5plus
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,089 @ 7.0% cap · market cap 49.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with two renovated 1-bed, 1-bath units, including an existing Section 8 lease.
Where is this duplex located?
The property is located at 3812 Hancock Street Dallas, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2‑unit duplex built in 1936 with frame wood construction and one‑story layout; Both units renovated in 2022 and 2025; each unit is 1 bed and 1 bath; 3812 Hancock unit is rented on Section 8 for $891, leased through Sept 2026
