Duplex with Fenced
For Sale
$595,000
5025 Homer Street, Dallas, TX 75206
Two residences offer flexible living near restaurants, coffee shops, fitness facilities, bars, and retail.
Property Size1,638 SF
Price / SF$363.25
Days on Market112
Property Features for 5025 Homer Street
General Information
Standard status
Active
Size
1,638 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
backyard
Ceiling Fan(s), Central Air, Electric
Central, Electric
No
Carpet, Laminate, Wood Under Carpet
Gas Cooktop, Gas Water Heater, Refrigerator
Cable TV Available, Decorative Lighting, High Speed Internet Available
Composition
One
Back Yard, Fenced, Wood
1
Pillar/Post/Pier, Slab
Public Records
2
Brick, Siding, Stucco
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Coldwell Banker Apex, REALTORS
(214) 755-8201
Listed By:
Scott Hogg · License #0623858
(214) 755-8201
Source:
Compass
Added: May 11
Changed: Aug 29
Last Checked: Aug 29 at 6:52PM
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 Apex, REALTORS
Investment Insights
Based on property information with market context.
This 1638 SF duplex, built in 1940, contains two distinct residences: one with 2 bedrooms and 1 bath, and the other with 3 bedrooms and 1 bath. Interior finishes include carpet and laminate flooring, with wood beneath carpet in some areas. Both units benefit from central air, and the property includes a gas cooktop, gas water heater, and refrigerator. A large, fenced backyard provides outdoor space, while parking is available for both residences.
The property is located at 5025 Homer Street in Dallas, between Knox and Fitzhugh. Restaurants, coffee shops, gyms, bars, and retail are within the surrounding walkable area. One unit is currently operating as an Airbnb, adding an established short-term rental component to the duplex configuration.
The property is located at 5025 Homer Street in Dallas, between Knox and Fitzhugh. Restaurants, coffee shops, gyms, bars, and retail are within the surrounding walkable area. One unit is currently operating as an Airbnb, adding an established short-term rental component to the duplex configuration.
Key Highlights
- 1638 SF duplex with 2‑bedroom and 3‑bedroom units
- One unit includes 2 bedrooms and 1 bath; the other has 3 bedrooms and 1 bath
- Built in 1940
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
$28,802
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
4.84%
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%
$576,040
$576.0K
Cap Rate 7%
$411,457
$411.5K
Cap Rate 9%
$320,022
$320.0K
Market Conditions
NOI Build-Up for 1,638 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
$45.8K $27.96/SF
− Vacancy
−$4.7K −$2.84/SF
EGI
$41.1K $25.12/SF
− OpEx
−$12.3K −$7.54/SF
NOI
$28.8K $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%
$576,040
Cap Rate 7%
$411,457
Cap Rate 9%
$320,022
Alternative Uses
Best Use
Multifamily LT 5
$411.5K
$360.0K – $480.0K
NOI $28,802 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$355.8K
$311.3K – $415.1K
NOI $24,907 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,583 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,932
Businesses Nearby
Explore this area
Business Placement
Demographics for 75206, TX
40,386
Population
25,844
Households
1.6
Avg Household Size
32
Median Age
77%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
9,616
Density / Sq Mi
$88,464
Median Household Income
$69,953
Median Earnings
$1,715
Median Rent
$557,500
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 residences offer flexible living near restaurants, coffee shops, fitness facilities, bars, and retail.
Where is this duplex located?
The property is located at 5025 Homer Street Dallas, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1638 SF duplex with 2‑bedroom and 3‑bedroom units; One unit includes 2 bedrooms and 1 bath; the other has 3 bedrooms and 1 bath; Built in 1940
