Leased Duplex Pair with Updated
For Sale
Under Contract
$825,000
5460 Anita Street, Dallas, TX 75206
ResidentialIncome, Dallas, TX
Property Size2,928 SF
Lot Size0.20 Acres
Price / SF$281.76
Days on Market45
Property Features for 5460 Anita Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 3
Parking
3
Parking features
Garage
Interior features
DecorativeDesignerLightingFixtures, EatInKitchen
Fencing
Fenced
Appliances
Dishwasher, ElectricRange, Disposal, Microwave, Refrigerator
Subdivision
Interurban Hills 02
Elementary school
Mockingbird
Middle school
Long
High school
Woodrow Wilson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
East on Mockingbird from 75, South on McMillian, west on Anita
Standard status
Active Under Contract
APN
00000238563200000
Size
2,928 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
INTERURBAN HILLS 2 BLK S/2905 LT A2
Tax Annual Amount
14883
Legal Description
INTERURBAN HILLS 2 BLK S/2905 LT A2
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
private backyard
washer and dryer
Building Details
Year built
1956
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Compass RE Texas, LLC
(214) 814-8100
Listed By:
Courtney Haylock · License #0839475
(214) 814-8100
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 11:06PM
MLS# 21205085
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 2,928-square-foot duplex property comprises two half-duplex residences on 0.201 acres. The units provide distinct layouts: one includes three bedrooms, two full baths, a half bath, hardwood flooring, and a remodeled kitchen with shaker cabinetry and designer tile; the other offers two bedrooms, two baths, abundant natural light, hardwood floors, and a kitchen equipped with Carrara quartz, stainless steel appliances, and a modern backsplash. Updated bathroom finishes include quartz surfaces, revised fixtures, tile surrounds, and marble flooring in the larger residence. One unit includes a private fenced backyard and a laundry closet with washer and dryer. Both residences are leased through July 2027 and December 2027, respectively.
The property is located at 5458 and 5460 Anita in Dallas's M-Street area, within walking distance of Greenville Avenue and Mockingbird-area dining, shopping, and entertainment. Brick construction, garage parking, central heating and cooling, public water, and public sewer support the existing residential configuration. Built in 1956, the property also includes a composition roof and wood, tile, and carpet flooring.
The property is located at 5458 and 5460 Anita in Dallas's M-Street area, within walking distance of Greenville Avenue and Mockingbird-area dining, shopping, and entertainment. Brick construction, garage parking, central heating and cooling, public water, and public sewer support the existing residential configuration. Built in 1956, the property also includes a composition roof and wood, tile, and carpet flooring.
Key Highlights
- Two half‑duplex residences totaling 2,928 square feet on 0.201 acres
- Unit mix includes one 3‑bedroom, 2.1‑bath residence and one 2‑bedroom, 2‑bath residence
- Both units are leased through July 2027 and December 2027, respectively
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
$51,484
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
6.24%
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%
$1,029,680
$1.0M
Cap Rate 7%
$735,486
$735.5K
Cap Rate 9%
$572,044
$572.0K
Market Conditions
NOI Build-Up for 2,928 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
$81.9K $27.96/SF
− Vacancy
−$8.3K −$2.84/SF
EGI
$73.5K $25.12/SF
− OpEx
−$22.1K −$7.54/SF
NOI
$51.5K $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%
$1,029,680
Cap Rate 7%
$735,486
Cap Rate 9%
$572,044
Alternative Uses
Best Use
Multifamily LT 5
$735.5K
$643.6K – $858.1K
NOI $51,484 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$636.0K
$556.5K – $742.1K
NOI $44,523 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,935 @ 7.0% cap · market cap 29.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,210
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
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 leased half-duplex residences offer refreshed kitchens, updated baths, hardwood flooring, and distinct two- and three-bedroom layouts.
Where is this duplex located?
The property is located at 5460 Anita Street Dallas, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two half‑duplex residences totaling 2,928 square feet on 0.201 acres; Unit mix includes one 3‑bedroom, 2.1‑bath residence and one 2‑bedroom, 2‑bath residence; Both units are leased through July 2027 and December 2027, respectively
