Renovated Craftsman
New
For Sale
$845,000
4619 Worth St Unit 4617, Dallas, TX 75246
Two separate units provide flexible occupancy, private laundry, keyless entry, and an elevated deck facing neighborhood park greenery.
Property Size2,352 SF
Price / SF$359.27
Days on Market3
Property Features for 4619 Worth St Unit 4617
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Building Details
Year Built
1923
Listing Agency:
Coldwell Banker Realty
Listed By:
Geyden Sage · License #0555291
(214) 828-4300
Source:
Thebryandavisgroup
Added: Sep 1
Last Checked: Sep 2 at 7:22PM
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 distinct living units with a combined 2,352 square feet, 4 bedrooms, and 2.5 baths. The property retains historic architectural details while incorporating updated interiors and open-concept layouts. The ground-level unit includes a stocked kitchen, dual-vanity bath, private laundry, and keyless entry. The upper residence offers two king-bedroom suites, contemporary finishes, and an elevated deck.
Located at 4619 Worth St Unit 4617, the duplex overlooks Buckner Park and sits within the Peaks Suburban Addition. The property is currently operated as two separate Airbnb accommodations and is positioned less than 10 minutes from Downtown museums and major medical networks. Baylor Medical Center, Deep Ellum, Uptown, and Lower Greenville are also identified as nearby destinations.
The layout supports continued short-term rental operation, conversion to long-term leasing, or occupancy of one unit while using the other independently.
Located at 4619 Worth St Unit 4617, the duplex overlooks Buckner Park and sits within the Peaks Suburban Addition. The property is currently operated as two separate Airbnb accommodations and is positioned less than 10 minutes from Downtown museums and major medical networks. Baylor Medical Center, Deep Ellum, Uptown, and Lower Greenville are also identified as nearby destinations.
The layout supports continued short-term rental operation, conversion to long-term leasing, or occupancy of one unit while using the other independently.
Key Highlights
- Renovated 1923 Craftsman duplex with 2,352 Sq. Ft.
- Two distinct units with 4 Beds and 2.5 Baths
- Overlooks Buckner Park from 4619 Worth St Unit 4617
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 - Two separate units provide flexible occupancy, private laundry, keyless entry, and an elevated deck facing neighborhood park greenery.
Where is this duplex located?
The property is located at 4619 Worth St Unit 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 2,352 Sq. Ft.; Two distinct units with 4 Beds and 2.5 Baths; Overlooks Buckner Park from 4619 Worth St Unit 4617
