4-Unit Multifamily
For Sale
$785,000
Pending
5108 Manett Street, Dallas, TX 75206
Two separate duplexes provide a mix of one-bedroom units and flexible two-room flats.
Property Size3,102 SF
Lot Size0.23 Acres
Days on Market16
Property Features for 5108 Manett Street
General Information
Standard status
Pending
Size
3,102 SF
Lot size
0.23 Acres
Property subtype
Quadruplex
Zoning
MF-2(A)
Units
Unit Mix
2 x 1BR/1BA - 831 SF, 2 x 2BR/1BA - 720 SF
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,097
Building Details
Building Size
3,102 SF
Year Built
1950
Buildings
2
Listing Agency:
Allie Beth Allman & Assoc.
Listed By:
Miguel Ramirez · License #0765685
(214) 521-7355
Source:
Nilesrealtygroup
Added: Oct 4
Changed: Oct 14
Last Checked: Oct 19 at 4:29PM
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.
Built in 1950, the 3,102 SF property consists of two detached duplexes. The front, single-story building contains two 831 SF units, each with one bedroom and one bathroom. A two-story rear building has two 720 SF flats, each with a flexible two-room layout and one bathroom. Three units are vacant, while the remaining unit is occupied on a month-to-month basis. The property is offered as-is.
The site measures 50 x 200 feet, or 10,000 SF, and is zoned MF-2(A). It is in Vickery Place, near Lower Greenville and Henderson Avenue. Preliminary design studies indicate a potential seven-unit townhome layout.
The site measures 50 x 200 feet, or 10,000 SF, and is zoned MF-2(A). It is in Vickery Place, near Lower Greenville and Henderson Avenue. Preliminary design studies indicate a potential seven-unit townhome layout.
Key Highlights
- Two detached duplexes contain four units totaling 3,102 SF
- 50 x 200‑foot lot totaling 10,000 SF; zoned MF‑2(A)
- Front duplex: two 831 SF, one‑bedroom, one‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,169
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,380
$943.4K
Cap Rate 7%
$673,843
$673.8K
Cap Rate 9%
$524,100
$524.1K
Market Conditions
NOI Build-Up for 3,102 SF
Gross rent
$96.0K $30.96/SF
− Vacancy
−$10.3K −$3.31/SF
EGI
$85.8K $27.65/SF
− OpEx
−$38.6K −$12.44/SF
NOI
$47.2K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,380
Cap Rate 7%
$673,843
Cap Rate 9%
$524,100
Alternative Uses
Best Use
Apartment 5plus
$673.8K
$589.6K – $786.2K
NOI $47,169 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.72M
$3.26M – $4.34M
NOI $260,550 @ 7.0% cap · market cap 33.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,896
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate duplexes provide a mix of one-bedroom units and flexible two-room flats.
Where is this multifamily property located?
The property is located at 5108 Manett Street Dallas, TX.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two detached duplexes contain four units totaling 3,102 SF; 50 x 200‑foot lot totaling 10,000 SF; zoned MF‑2(A); Front duplex: two 831 SF, one‑bedroom, one‑bath units
