Renovated Park-Front
For Sale
$845,000
4619 Worth St Unit 4617, Dallas, TX 75246
Renovated two-unit property with separate living spaces and an elevated outdoor deck overlooking park greenery.
Property Size2,352 SF
Price / SF$359.27
Days on Market50
Property Features for 4619 Worth St Unit 4617
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mill Creek
Building Details
Year Built
1923
Listing Agency:
Coldwell Banker Realty
Listed By:
Geyden Sage · License #0555291
(214) 828-4300
Source:
Teamrobbins
Added: Sep 5
Changed: Oct 3
Last Checked: Oct 23 at 10:45AM
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
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Investment Insights
Based on property information with market context.
This renovated 1923 Craftsman duplex contains two distinct living units within 2,352 square feet, offering four bedrooms and 2.5 baths overall. The property combines updated open-concept interiors with retained historic architectural character. 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.
The duplex directly fronts Buckner Park in the Peaks Suburban Addition and is positioned on Worth St in East Dallas. Both units are currently operated as separate Airbnb properties, providing an existing short-term rental configuration. The layout also supports other arrangements described for the property, including leasing the units separately or occupying one side while using the other for rental purposes.
The duplex directly fronts Buckner Park in the Peaks Suburban Addition and is positioned on Worth St in East Dallas. Both units are currently operated as separate Airbnb properties, providing an existing short-term rental configuration. The layout also supports other arrangements described for the property, including leasing the units separately or occupying one side while using the other for rental purposes.
Key Highlights
- Renovated 1923 Craftsman duplex with 2,352 SF
- 4 Beds and 2.5 Baths across two distinct units
- Directly fronts Buckner Park in the Peaks Suburban Addition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,356
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
2,311
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit property with separate living spaces and an elevated outdoor deck overlooking 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 SF; 4 Beds and 2.5 Baths across two distinct units; Directly fronts Buckner Park in the Peaks Suburban Addition
