New Construction Duplex
For Sale
$2,349,000
5600 Ellsworth Avenue, Dallas, TX 75206
Newly built duplex offers two attached single-family homes, each with three bedrooms, en-suite baths, and private outdoor patio.
Property Size6,323 SF
Price / SF$371.50
Days on Market231
Property Features for 5600 Ellsworth Avenue
General Information
Standard status
Active
Size
6,323 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Amenities
Central Air, Electric
Central, Fireplace(s), Natural Gas
No
Tile, Wood
Built-in Gas Range
6323.0
2
Eat-in Kitchen, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Living Room
Composition
Two
Pillar/Post/Pier, Slab
Appraiser
Brick
Front Porch, Rear Porch, Side Porch
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Dave Perry Miller Real Estate
(469) 939-9391
Listed By:
Scott Jackson · License #0386078
(469) 939-9391
Source:
Compass
Added: Jan 11
Changed: Aug 8
Last Checked: Jul 20 at 11:02PM
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.
This new construction duplex features two attached single-family homes, each designed with three bedrooms and private en-suite bathrooms. Interiors include an open-concept downstairs layout connecting living, dining, and kitchen areas, along with a private study and a dedicated laundry room with built-in storage. The homes also offer oversized two-car garages with additional storage space, plus private patios for outdoor use.
The property is located at 5600 Ellsworth Avenue in Dallas, TX 75206.
Configured as a duplex, the layout provides a separate attached home experience on each side while combining the practicality of attached construction with attached garages and private patio space.
The property is located at 5600 Ellsworth Avenue in Dallas, TX 75206.
Configured as a duplex, the layout provides a separate attached home experience on each side while combining the practicality of attached construction with attached garages and private patio space.
Key Highlights
- Newly built 2024 duplex in 2 stories with brick construction and composition roof
- 2 attached single‑family units, each with 3 bedrooms and private en‑suite bathrooms
- Open‑concept downstairs layout with eat‑in kitchen, kitchen island, pantry, and vaulted ceilings
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
$111,180
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
4.73%
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%
$2,223,600
$2.2M
Cap Rate 7%
$1,588,286
$1.6M
Cap Rate 9%
$1,235,333
$1.2M
Market Conditions
NOI Build-Up for 6,323 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
$176.8K $27.96/SF
− Vacancy
−$18.0K −$2.84/SF
EGI
$158.8K $25.12/SF
− OpEx
−$47.6K −$7.54/SF
NOI
$111.2K $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%
$2,223,600
Cap Rate 7%
$1,588,286
Cap Rate 9%
$1,235,333
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.85M
NOI $111,180 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,148 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $531,096 @ 7.0% cap · market cap 22.61%
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
1,845
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built duplex offers two attached single-family homes, each with three bedrooms, en-suite baths, and private outdoor patio.
Where is this duplex located?
The property is located at 5600 Ellsworth Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: Newly built 2024 duplex in 2 stories with brick construction and composition roof; 2 attached single‑family units, each with 3 bedrooms and private en‑suite bathrooms; Open‑concept downstairs layout with eat‑in kitchen, kitchen island, pantry, and vaulted ceilings
