Newly Built Duplex with Private
For Sale
$2,295,000
5514 /5516 Matalee Ave, Dallas, TX 75206
Two residences offer dedicated offices, covered patios, fenced yards, and contemporary kitchen finishes.
Property Size5,966 SF
Price / SF$384.68
Days on Market29
Property Features for 5514 /5516 Matalee Ave
General Information
Standard status
Active
Size
5,966 SF
Property subtype
Multi-Family
Building Details
Year Built
2025
Listing Agency:
Dave Perry Miller Real Estate
(469) 939-9391
Listed By:
Scott Jackson · License #0386078
Source:
Christenberrygroup
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 25 at 4:18AM
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 Dave Perry Miller Real Estate
Investment Insights
Based on property information with market context.
Completed in 2025, this 5,966-square-foot duplex contains two matching residences with open living areas, dedicated home offices, and three bedrooms plus 3.1 baths per unit. Each home includes a fireplace with built-ins and a contemporary kitchen equipped with custom cabinetry, a waterfall island, stainless steel appliances, and substantial storage. Primary suites feature freestanding tubs, oversized walk-in showers, and organized closets, while the additional bedrooms have private en-suite baths.
Both residences extend to covered patios and individually fenced backyards. The property is located at 5514/5516 Matalee Ave in Dallas, near Lower Greenville, Knox-Henderson, White Rock Lake, Downtown Dallas, and area dining, shopping, and entertainment destinations.
The paired layout supports separate residential occupancy, with each unit offering comparable finishes and amenities. Designer lighting and premium fixtures are incorporated throughout the two homes.
Both residences extend to covered patios and individually fenced backyards. The property is located at 5514/5516 Matalee Ave in Dallas, near Lower Greenville, Knox-Henderson, White Rock Lake, Downtown Dallas, and area dining, shopping, and entertainment destinations.
The paired layout supports separate residential occupancy, with each unit offering comparable finishes and amenities. Designer lighting and premium fixtures are incorporated throughout the two homes.
Key Highlights
- 2025‑built duplex totaling 5,966 SF
- Two matching residences, each with 3 bedrooms and 3.1 baths
- Dedicated home office in 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
$104,903
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
4.57%
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%
$2,098,060
$2.1M
Cap Rate 7%
$1,498,614
$1.5M
Cap Rate 9%
$1,165,589
$1.2M
Market Conditions
NOI Build-Up for 5,966 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
$166.8K $27.96/SF
− Vacancy
−$16.9K −$2.84/SF
EGI
$149.9K $25.12/SF
− OpEx
−$45.0K −$7.54/SF
NOI
$104.9K $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%
$2,098,060
Cap Rate 7%
$1,498,614
Cap Rate 9%
$1,165,589
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $104,903 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,719 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $501,110 @ 7.0% cap · market cap 21.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,720
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 residences offer dedicated offices, covered patios, fenced yards, and contemporary kitchen finishes.
Where is this duplex located?
The property is located at 5514 /5516 Matalee Ave Dallas, TX.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 2025‑built duplex totaling 5,966 SF; Two matching residences, each with 3 bedrooms and 3.1 baths; Dedicated home office in each unit
