4-Unit Multifamily
New
For Sale
$785,000
5108 Manett Street, Dallas, TX 75206
ResidentialIncome, Dallas, TX
Property Size3,102 SF
Lot Size0.23 Acres
Price / SF$253.06
Days on Market2
Property Features for 5108 Manett Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1
Parking
4
Parking features
Tandem, Garage, Driveway, Off Street
Patio and Porch features
Porch, Deck
Interior features
MultipleStaircases, CableTv
Exterior features
Balcony
Appliances
Refrigerator
Subdivision
Bon View Place
Lot features
Interior Lot, Many Trees, Subdivision
Elementary school
Geneva Heights
Middle school
Long
High school
Woodrow Wilson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
rom US-75 (Central Expressway), exit Monticello Ave or Henderson Ave, head east to Greenville Ave, then turn east onto Manett St. The property is located on the south side of Manett St between Greenville Ave and Matilda St.
Standard status
Active
APN
00000192241000000
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
BON VIEW PLACE SW50FT LOT 2 MANETT CO-DALLAS
Tax Annual Amount
15097
Legal Description
BON VIEW PLACE SW50FT LOT 2 MANETT CO-DALLAS
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Space Heater
Cooling system
Electric, Window Unit(s)
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
4
Flooring type
Wood, Tile
Building materials
Brick, Frame, Concrete, WoodSiding
Roof type
Composition
Listing Agency:
Allie Beth Allman & Assoc. · Berkshire Hathaway HomeServices
(214) 521-7355
Listed By:
Miguel Ramirez
(214) 528-2500
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 21401696
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.
Investment Insights
Based on property information with market context.
The Dallas property comprises two detached duplexes with four units totaling 3,102 SF. The single-story front building contains two 831 SF, one-bedroom, one-bathroom units. At the rear, a two-story structure has two 720 SF flats, each arranged with two rooms and one bathroom. Built in 1950, the property sits on a 50-by-200-foot lot zoned MF-2(A). Three units are vacant, while one rear lower-level unit is occupied month-to-month. The property is offered as-is.
Located in Vickery Place, the property is described as steps from Lower Greenville and Henderson Avenue. Public water and sewer serve the site. Architectural floor plans, site plans, and a survey are available upon request.
Located in Vickery Place, the property is described as steps from Lower Greenville and Henderson Avenue. Public water and sewer serve the site. Architectural floor plans, site plans, and a survey are available upon request.
Key Highlights
- Four units across two detached duplex buildings; 3,102 SF total
- 50‑by‑200‑foot lot with MF‑2(A) zoning
- Three units vacant; one rear lower unit occupied month‑to‑month
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
$47,169
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
6.01%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two detached duplexes offer a mix of one-bedroom units and two-room flats in Dallas.
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: Four units across two detached duplex buildings; 3,102 SF total; 50‑by‑200‑foot lot with MF‑2(A) zoning; Three units vacant; one rear lower unit occupied month‑to‑month
