New Construction
For Sale
$799,000
5102 & 5104 Philip Avenue, Dallas, TX 75223
Two residential units offer open living areas, private yards, and direct access to Interstate 30.
Property Size4,852 SF
Price / SF$421.64
Days on Market49
Property Features for 5102 & 5104 Philip Avenue
General Information
Standard status
Active
Size
4,852 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Hollywood Heights
Highway Access
Yes
Additional Details
Average Monthly Rent
$3,200
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,280
Amenities
fireplace
Building Details
Building Size
4,852 SF
Year Built
2026
Buildings
1
Construction
new construction
Listing Agency:
Allie Beth Allman & Assoc.
Listed By:
Kelly Aldridge · License #0801909
(214) 521-7355
Source:
Nilesrealtygroup
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 6:10PM
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 Allie Beth Allman & Assoc.
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Investment Insights
Based on property information with market context.
Completed in 2026, this new-construction duplex features two residential units with open-concept interiors, abundant natural light, 10-foot ceilings, and 8-foot doors. Wood beam accents, custom cabinetry, quartz countertops, stainless steel appliances, an architectural kitchen arch, and an organic modern fireplace define the shared living spaces. Each side includes a primary suite with a walk-in closet and floor-to-ceiling designer tile, along with a 2-car garage.
The property sits within a residential neighborhood setting at 5102 & 5104 Philip Avenue in Dallas, with the homes positioned away from the roadway. Interstate 30 is immediately accessible, and downtown Dallas is a short drive away. Exterior improvements include fully sodded yards and oversized backyards enclosed by 8-foot privacy fencing.
The property sits within a residential neighborhood setting at 5102 & 5104 Philip Avenue in Dallas, with the homes positioned away from the roadway. Interstate 30 is immediately accessible, and downtown Dallas is a short drive away. Exterior improvements include fully sodded yards and oversized backyards enclosed by 8-foot privacy fencing.
Key Highlights
- New construction completed in 2026
- 2‑car garage per side
- 10‑foot ceilings and 8‑foot doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,321
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,420
$666.4K
Cap Rate 7%
$476,014
$476.0K
Cap Rate 9%
$370,233
$370.2K
Market Conditions
NOI Build-Up for 1,895 SF
Gross rent
$53.0K $27.96/SF
− Vacancy
−$5.4K −$2.84/SF
EGI
$47.6K $25.12/SF
− OpEx
−$14.3K −$7.54/SF
NOI
$33.3K $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%
$666,420
Cap Rate 7%
$476,014
Cap Rate 9%
$370,233
Alternative Uses
Best Use
Multifamily LT 5
$476.0K
$416.5K – $555.4K
NOI $33,321 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$411.6K
$360.2K – $480.3K
NOI $28,815 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,169 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
826
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer open living areas, private yards, and direct access to Interstate 30.
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: New construction completed in 2026; 2‑car garage per side; 10‑foot ceilings and 8‑foot doors
