Renovated Duplex with Separate
For Sale
$379,900
Pending
418 Dawson Circle, Grand Prairie, TX 75051
Each residence has three bedrooms, two bathrooms, and its own utility meters; both are vacant.
Property Size2,153 SF
Days on Market18
Property Features for 418 Dawson Circle
General Information
Standard status
Pending
Size
2,153 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,219
Building Details
Building Size
2,153 SF
Year Built
1954
Buildings
1
Listing Agency:
Rendon Realty, LLC
Listed By:
Suha Al-Nazer · License #0676843
(214) 606-8256
Source:
Nilesrealtygroup
Added: Sep 28
Changed: Oct 13
Last Checked: Oct 13 at 3:42AM
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 Rendon Realty, LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1954, contains two residences, each with three bedrooms, two bathrooms, a full kitchen, and separate utility meters. Both units are currently vacant. Recent work includes remodeled interiors, new kitchen cabinets, tile flooring, sheetrock, insulation, and paint and texture. The property also has updated electrical wiring and panels, PVC plumbing throughout, replacement windows and doors, and a new HVAC unit for each residence.
Foundation work is backed by a transferable warranty, and the roof is newer. The two-unit configuration and separate utility service are existing features of the property.
Foundation work is backed by a transferable warranty, and the roof is newer. The two-unit configuration and separate utility service are existing features of the property.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Separate utility meters for each residence
- New HVAC unit in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,363
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,260
$427.3K
Cap Rate 7%
$305,186
$305.2K
Cap Rate 9%
$237,367
$237.4K
Market Conditions
NOI Build-Up for 2,153 SF
Gross rent
$32.3K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.5K $14.17/SF
− OpEx
−$9.2K −$4.25/SF
NOI
$21.4K $9.92/SF
Area
Grand Prairie, TX
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,260
Cap Rate 7%
$305,186
Cap Rate 9%
$237,367
Alternative Uses
Best Use
Multifamily LT 5
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$284.1K
$248.6K – $331.4K
NOI $19,886 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$605.3K
$529.6K – $706.2K
NOI $42,371 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, and its own utility meters; both are vacant.
Where is this duplex located?
The property is located at 418 Dawson Circle Grand Prairie, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Separate utility meters for each residence; New HVAC unit in both units
