New Construction Duplex with Private
For Sale
$3,700,000
4037 Hawthorne Avenue, Dallas, TX 75219
Two attached residences feature luxury finishes, generous living areas, and individual outdoor spaces.
Property Size7,182 SF
Price / SF$515.18
Days on Market102
Property Features for 4037 Hawthorne Avenue
General Information
Standard status
Active
Size
7,182 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
(214) 908-6990
Listed By:
Adam Zoblotsky
(214) 908-6990
Source:
Briggsfreeman
Added: May 21
Changed: Aug 29
Last Checked: Aug 29 at 11:26PM
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 Adam Zoblotsky
Investment Insights
Based on property information with market context.
This 7,182 SF duplex consists of two attached residences completed in 2026. Each side offers 4 bedrooms, 4 baths, spacious living areas, an oversized primary closet, luxury finish out, and a private backyard. Together, the residences provide a full-duplex configuration with separate outdoor areas and lock-and-leave convenience.
The property is located at 4037 Hawthorne Avenue, with the companion residence addressed as 4035 Hawthorne. Positioned one street south of Highland Park in the SoHip area, the property is near Oak Lawn, Turtle Creek, Uptown, the Dallas North Tollway, dining, shopping, and major employment centers. The attached residential format and individual layouts create a clear two-residence configuration within an urban-adjacent Dallas setting.
The property is located at 4037 Hawthorne Avenue, with the companion residence addressed as 4035 Hawthorne. Positioned one street south of Highland Park in the SoHip area, the property is near Oak Lawn, Turtle Creek, Uptown, the Dallas North Tollway, dining, shopping, and major employment centers. The attached residential format and individual layouts create a clear two-residence configuration within an urban-adjacent Dallas setting.
Key Highlights
- Two attached residences configured as one full duplex
- Each residence includes 4 bedrooms and 4 baths
- 7,182 SF property completed in 2026
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
$126,285
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
3.41%
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%
$2,525,700
$2.5M
Cap Rate 7%
$1,804,071
$1.8M
Cap Rate 9%
$1,403,167
$1.4M
Market Conditions
NOI Build-Up for 7,182 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
$200.8K $27.96/SF
− Vacancy
−$20.4K −$2.84/SF
EGI
$180.4K $25.12/SF
− OpEx
−$54.1K −$7.54/SF
NOI
$126.3K $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%
$2,525,700
Cap Rate 7%
$1,804,071
Cap Rate 9%
$1,403,167
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,285 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,210 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$8.62M
$7.54M – $10.05M
NOI $603,247 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 75219, TX
27,885
Population
19,190
Households
1.5
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
2.3 sq mi
ZIP Area
12,124
Density / Sq Mi
$92,541
Median Household Income
$70,549
Median Earnings
$1,751
Median Rent
$377,900
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 - Two attached residences feature luxury finishes, generous living areas, and individual outdoor spaces.
Where is this duplex located?
The property is located at 4037 Hawthorne Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Two attached residences configured as one full duplex; Each residence includes 4 bedrooms and 4 baths; 7,182 SF property completed in 2026
