Renovated Craftsman
For Sale
$835,000
413 W 9th Street, Dallas, TX 75208
Two separate residences with flexible owner-occupant and rental arrangements in the Bishop Arts area.
Property Size2,960 SF
Days on Market50
Property Features for 413 W 9th Street
General Information
Standard status
Active
Size
2,960 SF
Property subtype
Duplex
Site & Location
Neighborhood
Bishop Arts District
Units
Unit Mix
1 x 2BR+study, 1 x 2BR
Multifamily Units
2
Additional Details
Furnished
Yes
Building Details
Building Size
2,960 SF
Year Built
1945
Buildings
1
Stories
2
Construction
Craftsman
Listing Agency:
Dave Perry Miller Real Estate
Listed By:
Daniel Quintana · License #0640397
(214) 406-2676
Source:
Nilesrealtygroup
Added: Sep 13
Changed: Oct 31
Last Checked: Nov 1 at 12:55PM
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 Dave Perry Miller Real Estate
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Investment Insights
Based on property information with market context.
Built in 1945, this Craftsman-style duplex contains two separate residences with distinct layouts. The first-floor unit includes two bedrooms and a study that can serve as a third bedroom, while the second-floor unit has two bedrooms. Both residences feature large closets and substantial storage, and the property conveys fully furnished.
Renovations include foundation work, new windows, updated HVAC and electrical systems, refinished floors, a restored porch, exterior paint, refreshed landscaping, and a reconfigured interior layout. The property is located at 413 W 9th Street in Dallas, near Bishop Avenue and within the Bishop Arts area. It is currently operated as a short-term rental, with the layout also supporting an owner-occupant arrangement in one unit and rental use in the other.
Renovations include foundation work, new windows, updated HVAC and electrical systems, refinished floors, a restored porch, exterior paint, refreshed landscaping, and a reconfigured interior layout. The property is located at 413 W 9th Street in Dallas, near Bishop Avenue and within the Bishop Arts area. It is currently operated as a short-term rental, with the layout also supporting an owner-occupant arrangement in one unit and rental use in the other.
Key Highlights
- Two‑unit duplex with separate first‑floor and second‑floor residences
- First floor offers 2 bedrooms plus a study; second floor includes 2 bedrooms
- Renovated with foundation work, new windows, HVAC, electrical, and refinished floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,047
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,940
$1.0M
Cap Rate 7%
$743,529
$743.5K
Cap Rate 9%
$578,300
$578.3K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$82.8K $27.96/SF
− Vacancy
−$8.4K −$2.84/SF
EGI
$74.4K $25.12/SF
− OpEx
−$22.3K −$7.54/SF
NOI
$52.0K $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%
$1,040,940
Cap Rate 7%
$743,529
Cap Rate 9%
$578,300
Alternative Uses
Best Use
Multifamily LT 5
$743.5K
$650.6K – $867.5K
NOI $52,047 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$643.0K
$562.6K – $750.2K
NOI $45,010 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,623 @ 7.0% cap · market cap 29.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,347
Businesses Nearby
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Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences with flexible owner-occupant and rental arrangements in the Bishop Arts area.
Where is this duplex located?
The property is located at 413 W 9th Street Dallas, TX.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Two‑unit duplex with separate first‑floor and second‑floor residences; First floor offers 2 bedrooms plus a study; second floor includes 2 bedrooms; Renovated with foundation work, new windows, HVAC, electrical, and refinished floors
