Two-Unit
400 Lansing Street, Dallas, TX 75203
For Sale
$369,600
ResidentialIncome, Dallas, TX
Property Size2,184 SF
Lot Size0.13 Acres
Price / SF$169.23
Days on Market53
Property Features for 400 Lansing Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Keller Williams Lonestar DFW · Keller Williams Realty
Listed By:
David Rayburn · License TX #0581861
(817) 795-2500
Added: Sep 19
Changed: Nov 10
Last Checked: Nov 10 at 7:06AM
MLS# 21390944
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1945 duplex contains 2,184 square feet on a 0.126-acre lot and is being offered in as-is condition. Each two-story residence has two bedrooms and two full bathrooms, with bedrooms on separate levels. Interior features include granite counters, a kitchen island, an open floor plan, and a porch. Central heating and air conditioning serve the property, with driveway and street parking listed.
The property is within walking distance of the Bishop Arts District and offers views of the downtown Dallas skyline. Kiest Park and Lake Cliff Park are nearby, while DART light rail stations and I-35 provide additional transportation access.
The property is within walking distance of the Bishop Arts District and offers views of the downtown Dallas skyline. Kiest Park and Lake Cliff Park are nearby, while DART light rail stations and I-35 provide additional transportation access.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- 2,184 square feet of building area on a 0.126‑acre lot
- Built in 1945; offered in as‑is condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,210
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,200
$664.2K
Cap Rate 7%
$474,429
$474.4K
Cap Rate 9%
$369,000
$369.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$67.6K $30.96/SF
− Vacancy
−$7.2K −$3.31/SF
EGI
$60.4K $27.65/SF
− OpEx
−$27.2K −$12.44/SF
NOI
$33.2K $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%
$664,200
Cap Rate 7%
$474,429
Cap Rate 9%
$369,000
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.0K – $640.0K
NOI $38,402 @ 7.0% cap · market cap 10.39%
Second Best
Apartment 5plus
$474.4K
$415.1K – $553.5K
NOI $33,210 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,443 @ 7.0% cap
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 75203, TX
14,710
Population
6,862
Households
2.1
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
4.8 sq mi
ZIP Area
3,065
Density / Sq Mi
$46,358
Median Household Income
$32,690
Median Earnings
$1,110
Median Rent
$125,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Dallas, TX
Properties on Market for Duplexes in Dallas
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms and two full bathrooms across two floors.
Where is this duplex located?
The property is located at 400 Lansing Street Dallas, TX.
What is the asking price?
The asking price for this property is $369,600.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 full bathrooms; 2,184 square feet of building area on a 0.126‑acre lot; Built in 1945; offered in as‑is condition
