Two-Unit Short-Term Rental
For Sale
$375,000
5346 Ash Lane, Dallas, TX 75223
Separate one- and two-bedroom units support flexible occupancy and short-term stays.
Property Size1,554 SF
Price / SF$241.31
Days on Market183
Property Features for 5346 Ash Lane
General Information
Standard status
Active
Size
1,554 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
Ceiling Fan(s), Central Air, Wall Unit(s)
Central, Natural Gas
Hardwood, Laminate, Tile
Dishwasher, Electric Cooktop, Electric Oven
Cable TV Available
No
Composition
One
1
Pillar/Post/Pier
Assessor
2
Wood
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Compass
(214) 718-7550
Listed By:
Valerie Bracchi · License #0694820
(214) 718-7550
Source:
Compass
Added: Feb 28
Changed: Aug 30
Last Checked: Aug 30 at 6:07AM
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 Compass
Investment Insights
Based on property information with market context.
This Dallas duplex contains 1,554 square feet and dates to 1920. The configuration includes one one-bedroom, one-bath unit and a separate two-bedroom, one-bath unit, offering distinct layouts within the same property. The interiors include hardwood, laminate, and tile flooring, along with functional kitchens equipped with dishwashers, electric cooktops, and electric ovens. Central air, wall unit(s), ceiling fans, and cable TV availability are also listed. The property is currently operating as an Airbnb.
Located in the East We Go neighborhood, the duplex is positioned minutes from Downtown Dallas, Deep Ellum, the Baylor Medical District, and Fair Park. Its Dallas location and two-unit arrangement support both short-term rental operations and owner-operator use, as stated in the property information.
Located in the East We Go neighborhood, the duplex is positioned minutes from Downtown Dallas, Deep Ellum, the Baylor Medical District, and Fair Park. Its Dallas location and two-unit arrangement support both short-term rental operations and owner-operator use, as stated in the property information.
Key Highlights
- Two‑unit duplex with one 1‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- 1,554 square feet on a property built in 1920
- Currently operating as an Airbnb
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
$27,325
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
7.29%
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%
$546,500
$546.5K
Cap Rate 7%
$390,357
$390.4K
Cap Rate 9%
$303,611
$303.6K
Market Conditions
NOI Build-Up for 1,554 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
$43.4K $27.96/SF
− Vacancy
−$4.4K −$2.84/SF
EGI
$39.0K $25.12/SF
− OpEx
−$11.7K −$7.54/SF
NOI
$27.3K $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 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%
$546,500
Cap Rate 7%
$390,357
Cap Rate 9%
$303,611
Alternative Uses
Best Use
Multifamily LT 5
$390.4K
$341.6K – $455.4K
NOI $27,325 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$337.6K
$295.4K – $393.8K
NOI $23,630 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,527 @ 7.0% cap · market cap 34.81%
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
868
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
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 - Separate one- and two-bedroom units support flexible occupancy and short-term stays.
Where is this duplex located?
The property is located at 5346 Ash Lane Dallas, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; 1,554 square feet on a property built in 1920; Currently operating as an Airbnb
