503 East 6th Street Dallas, TX 75203
Triplex in prime location near Bishop Arts and downtown Dallas.
- Added:
- May 6, 2026
- Days on Market:
- 70
- Last Refresh:
- Jul 4 at 1:24 pm
Property Features for 503 East 6th Street
General Information
- Standard status
- Active
- Size
- 2,785 SF
- Property subtype
- Multi-Family / Triplex
Building Details
- Year Built
- 1921
Listing office Monument Realty (214) 682-9800
Listing date May 6, 2026
Source Compass
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 Monument Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Triplex in prime Lake Cliff location, near downtown Dallas and Bishop Arts.
- Excellent investment opportunity with income potential from three separate units.
- Flexible layouts suitable for renting, multigenerational living, or owner‑occupancy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.9k | $27.96 |
| − Vacancy | −$7.9k | −$2.84 |
| EGI | $70.0k | $25.12 |
| − OpEx | −$21.0k | −$7.54 |
| NOI | $49.0k | $17.58 |