New Construction
New
For Sale
$1,000,000
412 & 414 Avenue L, Dallas, TX 75203
Two residential units feature hardwood floors, custom cabinetry, commercial ranges, counters, and fixtures.
Property Size4,590 SF
Price / SF$217.86
Days on Market4
Property Features for 412 & 414 Avenue L
General Information
Standard status
Active
Size
4,590 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
Lake Cliff
Additional Details
Multifamily Units
2
Amenities
Built-In Features
Cable TV Available
Chandelier
Decorative Lighting
Eat-In Kitchen
Flat Screen Wiring
Granite Counters
High Speed Internet Available
Kitchen Island
Open Floorplan
Vaulted Ceiling(S)
Walk-In Closet(S)
Wet Bar
Balcony
Private Entrance
Private Yard
Building Details
Building Size
4,590 SF
Year Built
2026
Buildings
1
Stories
2
Units
2
Listing Agency:
Compass RE Texas, LLC.
(214) 814-8100
Listed By:
Albany Shaw
(214) 631-9473
Source:
Beallandcompanyrealtors
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
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 Compass RE Texas, LLC.
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Investment Insights
Based on property information with market context.
Built in 2026, this 4,590-square-foot duplex contains two residential units with a combined six bedrooms and 6.5 bathrooms. Interior features include hardwood flooring, custom cabinetry, commercial ranges, and counters and fixtures described as high-end. The property is located at 412 & 414 Avenue L in Dallas.
Downtown, Deep Ellum, Bishop Arts, Halperin Deck Park, Knox Henderson, the Medical District, and the Dallas Trail System are each listed within a 5-to-15-minute drive. The duplex may be acquired as one property or as separate units.
Downtown, Deep Ellum, Bishop Arts, Halperin Deck Park, Knox Henderson, the Medical District, and the Dallas Trail System are each listed within a 5-to-15-minute drive. The duplex may be acquired as one property or as separate units.
Key Highlights
- 4,590 SF duplex built in 2026
- Two residential units with 6 bedrooms and 6.5 bathrooms
- Hardwood floors, custom cabinetry, and commercial ranges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,708
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,614,160
$1.6M
Cap Rate 7%
$1,152,971
$1.2M
Cap Rate 9%
$896,756
$896.8K
Market Conditions
NOI Build-Up for 4,590 SF
Gross rent
$128.3K $27.96/SF
− Vacancy
−$13.0K −$2.84/SF
EGI
$115.3K $25.12/SF
− OpEx
−$34.6K −$7.54/SF
NOI
$80.7K $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 Rate 5%
$1,614,160
Cap Rate 7%
$1,152,971
Cap Rate 9%
$896,756
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,708 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$997.1K
$872.5K – $1.16M
NOI $69,796 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$5.51M
$4.82M – $6.43M
NOI $385,534 @ 7.0% cap · market cap 38.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, custom cabinetry, commercial ranges, counters, and fixtures.
Where is this duplex located?
The property is located at 412 & 414 Avenue L Dallas, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,590 SF duplex built in 2026; Two residential units with 6 bedrooms and 6.5 bathrooms; Hardwood floors, custom cabinetry, and commercial ranges
