New-Construction
For Sale
$799,000
5102 & 5104 Philip Avenue, Dallas, TX 75223
ResidentialIncome, Dallas, TX
Property Size3,790 SF
Lot Size0.20 Acres
Price / SF$210.82
Days on Market56
Property Features for 5102 & 5104 Philip Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 3
Parking
4
Parking features
Driveway, Garage
Interior features
KitchenIsland, OpenFloorplan, Pantry, VaultedCeilings, NaturalWoodwork, WalkInClosets
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator
Subdivision
Caldwells R D
Elementary school
Roberts
Middle school
Long
High school
Woodrow Wilson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
GPS is best
Standard status
Active
APN
00000146347000000
Size
3,790 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
R D CALDWELL BLK 16/1258 LT 18 VOL92231/2641
Tax Annual Amount
4280
Legal Description
R D CALDWELL BLK 16/1258 LT 18 VOL92231/2641
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Composition
Buildings
1
Listing Agency:
Allie Beth Allman & Assoc. · Berkshire Hathaway HomeServices
(214) 521-7355
Listed By:
Kelly Aldridge
(214) 528-2500
Added: Sep 8
Changed: Oct 29
Last Checked: Nov 2 at 5:06PM
MLS# 21371852
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This under-construction brick duplex contains 3,790 square feet across two residences, with 1,895 square feet per side. Each home has three bedrooms, 2.5 bathrooms, and a two-car garage. Interior details include 10-foot ceilings, 8-foot doors, wood accents, and an open layout. The kitchens feature custom cabinetry, quartz counters, stainless steel appliances, and an architectural arch; each living area also has a fireplace. Walk-in closets and fenced backyards add to the residential features.
The property occupies 0.201 acres in Dallas, with access to Interstate 30 and proximity to downtown Dallas. Central heating and air conditioning, public water and sewer, and driveway parking are also included.
The property occupies 0.201 acres in Dallas, with access to Interstate 30 and proximity to downtown Dallas. Central heating and air conditioning, public water and sewer, and driveway parking are also included.
Key Highlights
- Two‑unit duplex totaling 3,790 square feet; each side measures 1,895 square feet
- Each residence has 3 bedrooms, 2.5 bathrooms, and a 2‑car garage
- Under construction; year built listed as 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,641
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,332,820
$1.3M
Cap Rate 7%
$952,014
$952.0K
Cap Rate 9%
$740,456
$740.5K
Market Conditions
NOI Build-Up for 3,790 SF
Gross rent
$106.0K $27.96/SF
− Vacancy
−$10.8K −$2.84/SF
EGI
$95.2K $25.12/SF
− OpEx
−$28.6K −$7.54/SF
NOI
$66.6K $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%
$1,332,820
Cap Rate 7%
$952,014
Cap Rate 9%
$740,456
Alternative Uses
Best Use
Multifamily LT 5
$952.0K
$833.0K – $1.11M
NOI $66,641 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$823.3K
$720.4K – $960.5K
NOI $57,631 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,338 @ 7.0% cap · market cap 39.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 75223, TX
13,898
Population
4,872
Households
2.9
Avg Household Size
35
Median Age
24%
College-Educated
65%
High-School Grad
3.1 sq mi
ZIP Area
4,483
Density / Sq Mi
$66,641
Median Household Income
$35,470
Median Earnings
$1,363
Median Rent
$244,000
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?
Duplex - Each residence includes a private garage, fenced backyard, and open-concept interior.
Where is this duplex located?
The property is located at 5102 & 5104 Philip Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,790 square feet; each side measures 1,895 square feet; Each residence has 3 bedrooms, 2.5 bathrooms, and a 2‑car garage; Under construction; year built listed as 2026
