Renovated Craftsman
New
For Sale
$845,000
4619 Worth Street 4617, Dallas, TX 75246
Fully renovated two-unit residence with park-facing outdoor space and flexible rental or owner-occupancy potential.
Property Size2,352 SF
Days on Market4
Property Features for 4619 Worth Street 4617
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,845
Building Details
Building Size
2,352 SF
Year Built
1923
Listing Agency:
Coldwell Banker Realty
Listed By:
Geyden Sage · License #0555291
(214) 828-4300
Source:
Nilesrealtygroup
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 2 at 9:15PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1923, this renovated Craftsman duplex contains two separate living units with open-concept interiors and period architectural character. The property offers 4 beds, 2.5 baths, and 2,352 square feet. The ground-level unit includes a stocked kitchen, dual-vanity bath, private laundry, and keyless entry, while the upper unit features two king-bedroom suites and an elevated deck oriented toward Buckner Park.
The property is located at 4619 Worth Street in Dallas, within the Peaks Suburban Addition. Both units are currently operated as distinct Airbnb properties, providing an established short-term rental configuration. The layout also supports separate occupancy, multigenerational use, or a combination of personal residence and leasing. Downtown museums and major medical networks are less than 10 minutes away, with Baylor Medical Center, Deep Ellum, Uptown, and Lower Greenville also identified as nearby destinations.
The property is located at 4619 Worth Street in Dallas, within the Peaks Suburban Addition. Both units are currently operated as distinct Airbnb properties, providing an established short-term rental configuration. The layout also supports separate occupancy, multigenerational use, or a combination of personal residence and leasing. Downtown museums and major medical networks are less than 10 minutes away, with Baylor Medical Center, Deep Ellum, Uptown, and Lower Greenville also identified as nearby destinations.
Key Highlights
- Renovated 1923 Craftsman duplex with 4 beds, 2.5 baths, and 2,352 square feet
- Two separate units currently operated as Airbnb properties
- Ground‑level unit includes stocked kitchen, dual‑vanity bath, private laundry, and keyless entry
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
$41,356
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
4.89%
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%
$827,120
$827.1K
Cap Rate 7%
$590,800
$590.8K
Cap Rate 9%
$459,511
$459.5K
Market Conditions
NOI Build-Up for 2,352 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
$65.8K $27.96/SF
− Vacancy
−$6.7K −$2.84/SF
EGI
$59.1K $25.12/SF
− OpEx
−$17.7K −$7.54/SF
NOI
$41.4K $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%
$827,120
Cap Rate 7%
$590,800
Cap Rate 9%
$459,511
Alternative Uses
Best Use
Multifamily LT 5
$590.8K
$517.0K – $689.3K
NOI $41,356 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$510.9K
$447.1K – $596.1K
NOI $35,765 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,554 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,311
Businesses Nearby
Explore this area
Business Placement
Demographics for 75246, TX
2,458
Population
1,545
Households
1.6
Avg Household Size
38
Median Age
23%
College-Educated
79%
High-School Grad
0.5 sq mi
ZIP Area
4,916
Density / Sq Mi
$49,665
Median Household Income
$38,088
Median Earnings
$1,045
Median Rent
$449,600
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 - Fully renovated two-unit residence with park-facing outdoor space and flexible rental or owner-occupancy potential.
Where is this duplex located?
The property is located at 4619 Worth Street 4617 Dallas, TX.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Renovated 1923 Craftsman duplex with 4 beds, 2.5 baths, and 2,352 square feet; Two separate units currently operated as Airbnb properties; Ground‑level unit includes stocked kitchen, dual‑vanity bath, private laundry, and keyless entry
