Remodeled Duplex with Updated
New
For Sale
$430,000
5617 Victor Street, Dallas, TX 75214
Two distinct floor plans include one- and two-bedroom units with renovated kitchens and bathrooms.
Property Size1,473 SF
Days on Market2
Property Features for 5617 Victor Street
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Building Details
Building Size
1,473 SF
Year Built
1924
Buildings
1
Stories
1
Units
2
Listing Agency:
BK Real Estate
(214) 833-8403
Listed By:
Harrison Sharp · License #0735232
(214) 833-8403
Source:
Cornerstonehomeandranch
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 3:40AM
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 BK Real Estate
Investment Insights
Based on property information with market context.
This duplex, built in 1924, offers two distinct residential layouts. One side includes one bedroom and one bathroom, while the other provides two bedrooms and one and a half bathrooms. Recent improvements include two new HVAC systems, updated plumbing, redesigned kitchens with quartz countertops and modern backsplashes, new LVP flooring, and refreshed interior and exterior paint.
The roof was replaced in September 2022, and the foundation was completely rebuilt. One unit is vacant and available for showings, while the second unit is leased through September 30, 2026. The property is located near downtown Dallas in the 75214 area.
The roof was replaced in September 2022, and the foundation was completely rebuilt. One unit is vacant and available for showings, while the second unit is leased through September 30, 2026. The property is located near downtown Dallas in the 75214 area.
Key Highlights
- Two‑unit duplex with one‑bedroom and two‑bedroom floor plans
- Two brand‑new HVAC systems and updated plumbing
- Renovated kitchens with quartz countertops and modern backsplash
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
$25,900
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
6.02%
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%
$518,000
$518.0K
Cap Rate 7%
$370,000
$370.0K
Cap Rate 9%
$287,778
$287.8K
Market Conditions
NOI Build-Up for 1,473 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
$41.2K $27.96/SF
− Vacancy
−$4.2K −$2.84/SF
EGI
$37.0K $25.12/SF
− OpEx
−$11.1K −$7.54/SF
NOI
$25.9K $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%
$518,000
Cap Rate 7%
$370,000
Cap Rate 9%
$287,778
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,900 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$320.0K
$280.0K – $373.3K
NOI $22,398 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,724 @ 7.0% cap · market cap 28.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
691
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 - Two distinct floor plans include one- and two-bedroom units with renovated kitchens and bathrooms.
Where is this duplex located?
The property is located at 5617 Victor Street Dallas, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex with one‑bedroom and two‑bedroom floor plans; Two brand‑new HVAC systems and updated plumbing; Renovated kitchens with quartz countertops and modern backsplash
