New Construction Luxury
For Sale
$818,800
520 & 522 Woodbine Avenue, Dallas, TX 75203
ResidentialIncome, Dallas, TX
Property Size3,870 SF
Lot Size0.24 Acres
Price / SF$211.58
Days on Market43
Property Features for 520 & 522 Woodbine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 2, Bathroom 7, Bedroom 4, Bathroom 5, Bedroom 3, Bathroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 8, Bedroom 6, Bedroom 1
Parking
8
Interior features
Chandelier, DecorativeDesignerLightingFixtures, KitchenIsland, MultipleMasterSuites, OpenFloorplan, Pantry, TileCounters, WalkInClosets
Fireplace
1
Appliances
Dryer, Dishwasher, GasCooktop, GasOven, Microwave, Refrigerator
Subdivision
Cedar Cliff
Elementary school
Cedar Crest
Middle school
Oliver Wendell Holmes
High school
Roosevelt
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
Use GPS
Standard status
Active
APN
00000294118000000
Size
3,870 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
CEDAR CLIFF BLK 8/3874 LT 14
Tax Annual Amount
2004
Legal Description
CEDAR CLIFF BLK 8/3874 LT 14
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Fireplace(s)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Amenities
private balcony
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
FiberCement, Frame
Roof type
Shingle
Listing Agency:
Keller Williams Frisco Stars · Keller Williams Realty
(972) 712-9898
Listed By:
Vivian Anyanka
(972) 712-9898
Added: Jul 18
Changed: Aug 29
Last Checked: Aug 29 at 8:06PM
MLS# 21297927
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.
This duplex is under construction and comprises two nearly identical residences totaling approximately 3,870 square feet. Each unit measures approximately 1,935 square feet and includes three bedrooms, three private ensuite baths, an open floor plan, a kitchen island, pantry, walk-in closets, tile counters, and designer lighting. Two upstairs bedrooms include walk-in closets, while a main-level bedroom adds flexibility within each residence. Cabinet finishes vary between the units, with matte black shaker cabinetry in one and espresso brown cabinetry in the other. Each side also includes a private 2-car garage, an extended driveway, and a balcony with Dallas skyline views.
The property is located at 520 & 522 Woodbine Avenue in Dallas, with Morrell DART Station approximately a 6-minute walk or 1-minute drive away. The 0.235-acre site has public water and public sewer service. Additional features include central electric heating and cooling, fireplaces, ceiling fans, refrigerators, dishwashers, gas cooktops, gas ovens, microwaves, and dryers.
The property is located at 520 & 522 Woodbine Avenue in Dallas, with Morrell DART Station approximately a 6-minute walk or 1-minute drive away. The 0.235-acre site has public water and public sewer service. Additional features include central electric heating and cooling, fireplaces, ceiling fans, refrigerators, dishwashers, gas cooktops, gas ovens, microwaves, and dryers.
Key Highlights
- Two‑unit duplex totaling approximately 3,870 square feet on a 0.235‑acre site
- Each residence is approximately 1,935 square feet with 3 bedrooms and private ensuite baths
- Private 2‑car garage and extended driveway provided for each unit
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
$68,048
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
8.31%
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%
$1,360,960
$1.4M
Cap Rate 7%
$972,114
$972.1K
Cap Rate 9%
$756,089
$756.1K
Market Conditions
NOI Build-Up for 3,870 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
$108.2K $27.96/SF
− Vacancy
−$11.0K −$2.84/SF
EGI
$97.2K $25.12/SF
− OpEx
−$29.2K −$7.54/SF
NOI
$68.0K $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 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%
$1,360,960
Cap Rate 7%
$972,114
Cap Rate 9%
$756,089
Alternative Uses
Best Use
Multifamily LT 5
$972.1K
$850.6K – $1.13M
NOI $68,048 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$840.7K
$735.6K – $980.8K
NOI $58,847 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,058 @ 7.0% cap · market cap 39.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 75203, TX
14,710
Population
6,862
Households
2.1
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
4.8 sq mi
ZIP Area
3,065
Density / Sq Mi
$46,358
Median Household Income
$32,690
Median Earnings
$1,110
Median Rent
$125,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with ensuite bedrooms, private garages, balconies, and no HOA.
Where is this duplex located?
The property is located at 520 & 522 Woodbine Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $818,800.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 3,870 square feet on a 0.235‑acre site; Each residence is approximately 1,935 square feet with 3 bedrooms and private ensuite baths; Private 2‑car garage and extended driveway provided for each unit
