Nearly Completed Duplex
For Sale
$650,000
5535 Mesa Circle, Dallas, TX 75235
Nearly completed full duplex features two units with open layouts and is ready for final interior finishes.
Property Size2,000 SF
Price / SF$325
Days on Market124
Property Features for 5535 Mesa Circle
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family / Full Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Bray Real Estate Group- Dallas
(347) 397-8016
Listed By:
Leston Eustache · License #0651807
(347) 397-8016
Source:
Compass
Added: Mar 29
Changed: Jul 23
Last Checked: Jul 30 at 12:03PM
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 Bray Real Estate Group- Dallas
Investment Insights
Based on property information with market context.
This nearly completed full duplex is being presented as a two-unit residential income property. Each unit is designed with an open-concept layout and includes 3 bedrooms and 3.5 baths, with construction currently advanced through sheetrock and paint. The interior is in a finish-ready stage, giving the next owner the ability to select final finishes and complete the space based on their preferences.
The property is located at 5535 Mesa Circle in a Dallas area corridor described as rapidly developing, with stated easy access to major highways and to nearby shopping and dining.
As configured, the duplex provides two separate residential units within a single property, each laid out for modern living and entertaining with kitchens flowing into the main living spaces.
The property is located at 5535 Mesa Circle in a Dallas area corridor described as rapidly developing, with stated easy access to major highways and to nearby shopping and dining.
As configured, the duplex provides two separate residential units within a single property, each laid out for modern living and entertaining with kitchens flowing into the main living spaces.
Key Highlights
- Nearly completed full duplex at 5535 Mesa Circle, ready for final interior finishes.
- 2‑story duplex with 2 total units, each unit offers 3 bedrooms and 3.5 baths.
- Each unit is approximately 2,000 SF and features an open floorplan with vaulted ceilings.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $27.96 |
| − Vacancy | −$5.7k | −$2.84 |
| EGI | $50.2k | $25.12 |
| − OpEx | −$15.1k | −$7.54 |
| NOI | $35.2k | $17.58 |
2,000 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$502.4K
$439.6K – $586.1K
NOI $35,167 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,412 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,988 @ 7.0% cap · market cap 25.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 75235, TX
19,153
Population
9,983
Households
1.9
Avg Household Size
33
Median Age
45%
College-Educated
77%
High-School Grad
6.7 sq mi
ZIP Area
2,859
Density / Sq Mi
$60,817
Median Household Income
$43,700
Median Earnings
$1,631
Median Rent
$283,000
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 - Nearly completed full duplex features two units with open layouts and is ready for final interior finishes.
Where is this duplex located?
The property is located at 5535 Mesa Circle Dallas, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Nearly completed full duplex at 5535 Mesa Circle, ready for final interior finishes.; 2‑story duplex with 2 total units, each unit offers 3 bedrooms and 3.5 baths.; Each unit is approximately 2,000 SF and features an open floorplan with vaulted ceilings.
