Updated Two-Unit
For Sale
$399,000
5524 Junius St, Dallas, TX 75214
Fully leased residential property with refreshed interiors and appliance packages in both one-bedroom units.
Property Size1,120 SF
Price / SF$356.25
Days on Market23
Property Features for 5524 Junius St
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1921
Listing Agency:
Ready Real Estate LLC
(817) 569-8200
Listed By:
Afsheen Muddasar · License #0791937
Source:
Cityupgroup
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 30 at 8:36PM
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 Ready Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,120 square feet, with each unit configured as one bedroom and one full bathroom. Interior updates include granite countertops, ceramic bathroom tile, and laminate flooring. Both units are equipped with a stove, refrigerator, and microwave. Constructed in 1921, the property is currently leased and occupied.
The property is located at 5524 Junius St in Dallas, within the Junior Heights neighborhood and minutes from downtown. The surrounding area includes new construction and renovation activity. Showings are available by appointment with advance notice because both units are occupied.
The property is located at 5524 Junius St in Dallas, within the Junior Heights neighborhood and minutes from downtown. The surrounding area includes new construction and renovation activity. Showings are available by appointment with advance notice because both units are occupied.
Key Highlights
- Two‑unit duplex with 1,120 square feet
- Each unit includes 1 bedroom and 1 full bathroom
- Granite countertops, ceramic bathroom tile, and laminate flooring
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
$19,694
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
4.94%
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%
$393,880
$393.9K
Cap Rate 7%
$281,343
$281.3K
Cap Rate 9%
$218,822
$218.8K
Market Conditions
NOI Build-Up for 1,120 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
$31.3K $27.96/SF
− Vacancy
−$3.2K −$2.84/SF
EGI
$28.1K $25.12/SF
− OpEx
−$8.4K −$7.54/SF
NOI
$19.7K $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%
$393,880
Cap Rate 7%
$281,343
Cap Rate 9%
$218,822
Alternative Uses
Best Use
Multifamily LT 5
$281.3K
$246.2K – $328.2K
NOI $19,694 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$243.3K
$212.9K – $283.9K
NOI $17,031 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,074 @ 7.0% cap · market cap 23.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 75214, TX
35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
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 - Fully leased residential property with refreshed interiors and appliance packages in both one-bedroom units.
Where is this duplex located?
The property is located at 5524 Junius St Dallas, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,120 square feet; Each unit includes 1 bedroom and 1 full bathroom; Granite countertops, ceramic bathroom tile, and laminate flooring
