Triplex with Garage
For Sale
$539,900
4922 Reiger Ave, Dallas, TX 75214
The offering includes two-bedroom units, a garage apartment, and tenants in place.
Property Size2,826 SF
Price / SF$191.05
Days on Market61
Property Features for 4922 Reiger Ave
General Information
Standard status
Active
Size
2,826 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x garage apartment
Multifamily Units
3
Building Details
Year Built
1922
Listing Agency:
Berkshire HathawayHS PenFed TX
Listed By:
Jeremy Larsen · License #0601091
(214) 402-8894
Source:
Teamrobbins
Added: Aug 16
Changed: Oct 12
Last Checked: Oct 15 at 2:28AM
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 Berkshire HathawayHS PenFed TX
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Investment Insights
Based on property information with market context.
This 2,826-square-foot triplex at 4922 Reiger Ave in Dallas includes three residential units. The main structure contains two 2-bedroom, 1-bath residences, while a separate garage apartment completes the configuration. Significant work has been completed within the units, and tenants are currently in place.
Built in 1922, the property is located in East Dallas. Its existing layout combines two matching duplex units with an additional apartment, preserving the current three-unit arrangement.
Built in 1922, the property is located in East Dallas. Its existing layout combines two matching duplex units with an additional apartment, preserving the current three-unit arrangement.
Key Highlights
- 2,826‑square‑foot triplex with three residential units
- Two 2‑bedroom, 1‑bath units comprise the duplex portion
- Separate garage apartment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,691
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,820
$993.8K
Cap Rate 7%
$709,871
$709.9K
Cap Rate 9%
$552,122
$552.1K
Market Conditions
NOI Build-Up for 2,826 SF
Gross rent
$79.0K $27.96/SF
− Vacancy
−$8.0K −$2.84/SF
EGI
$71.0K $25.12/SF
− OpEx
−$21.3K −$7.54/SF
NOI
$49.7K $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%
$993,820
Cap Rate 7%
$709,871
Cap Rate 9%
$552,122
Alternative Uses
Best Use
Multifamily LT 5
$709.9K
$621.1K – $828.2K
NOI $49,691 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$613.9K
$537.2K – $716.2K
NOI $42,972 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,368 @ 7.0% cap · market cap 43.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 75214, TX
35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The offering includes two-bedroom units, a garage apartment, and tenants in place.
Where is this triplex located?
The property is located at 4922 Reiger Ave Dallas, TX.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 2,826‑square‑foot triplex with three residential units; Two 2‑bedroom, 1‑bath units comprise the duplex portion; Separate garage apartment included
