Residential Income Property with Rooftop
For Sale
$460,000
5702 Hudson Street, Dallas, TX 75206
MULTI_FAMILY - Dallas, TX
Property Size1,235 SF
Lot Size0.22 Acres
Price / SF$372.47
Days on Market34
Property Features for 5702 Hudson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1
Parking
2
Parking features
Open, Covered, Garage, Driveway
Patio and Porch features
Deck
Interior features
DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, KitchenIsland, MultipleStaircases, OpenFloorplan, Pantry, PanelingWainscoting, SmartHome, CableTv, WalkInClosets, WiredForSound
Exterior features
Balcony, Deck, RainGutters
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision
Versaille Condo
Lot features
Interior Lot
Elementary school
Geneva Heights
Middle school
Long
High school
Woodrow Wilson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
From 75, go east on North Henderson Ave, Slight left on Bryan Parkway, left on Greenville Ave then Right on Hudson. The entrance is located on Matilda and it is the 6th door on the left
Standard status
Active
APN
00C79300000A00002
Size
1,235 SF
Lot size
0.22 Acres
Taxes and HOA fees
HOA Fee
$250 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Amenities
hardwood flooring
updated kitchen
spa-inspired bathroom
walk-in closet
rooftop deck
electric vehicle charging station
overhead garage storage
Building Details
Year built
2005
Floors in Building
3
Number of units
1
Flooring type
Hardwood, Tile, Carpet
Building materials
Stucco
Roof type
Flat
Listing Agency:
Realty 85, LLC
(480) 405-6464
Listed By:
Kam Kordi
(469) 759-6241
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 17 at 8:06AM
MLS# 21311258
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated three-story condominium within a residential income property, currently leased through May 31, 2027. Unit features an open-concept floor plan with hardwood flooring and an updated kitchen with dark quartz countertops and stainless-steel appliances. The third level includes two bedrooms, including a primary suite with a recently remodeled spa-inspired bathroom with soaking tub, separate shower, and walk-in closet.
The property offers a fully integrated rooftop deck and deck space, along with unobstructed front and rear exposures designed to maximize natural light and privacy. Recent capital improvements include updated stucco, foundation work, a new water heater, an upgraded HVAC unit, and enhanced security features. Constructed in 2005 with stucco exterior materials and a flat roof, the home is served by public water and public sewer.
Parking is a standout: a dedicated two-car garage and private two-car driveway with direct street access. Additional conveniences include an in-garage electric vehicle charging station and overhead garage storage. Indoor systems include central electric heating and central air cooling, and the unit includes smart home features and wired-for-sound capability.
The property offers a fully integrated rooftop deck and deck space, along with unobstructed front and rear exposures designed to maximize natural light and privacy. Recent capital improvements include updated stucco, foundation work, a new water heater, an upgraded HVAC unit, and enhanced security features. Constructed in 2005 with stucco exterior materials and a flat roof, the home is served by public water and public sewer.
Parking is a standout: a dedicated two-car garage and private two-car driveway with direct street access. Additional conveniences include an in-garage electric vehicle charging station and overhead garage storage. Indoor systems include central electric heating and central air cooling, and the unit includes smart home features and wired-for-sound capability.
Key Highlights
- Leased through May 31, 2027 for in‑place rental income
- Fully integrated rooftop deck plus deck outdoor space
- Third level features two bedrooms, including a remodeled spa‑inspired primary suite
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
$18,779
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
4.08%
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%
$375,580
$375.6K
Cap Rate 7%
$268,271
$268.3K
Cap Rate 9%
$208,656
$208.7K
Market Conditions
NOI Build-Up for 1,235 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
$38.2K $30.96/SF
− Vacancy
−$4.1K −$3.31/SF
EGI
$34.1K $27.65/SF
− OpEx
−$15.4K −$12.44/SF
NOI
$18.8K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$375,580
Cap Rate 7%
$268,271
Cap Rate 9%
$208,656
Alternative Uses
Best Use
Apartment 5plus
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,733 @ 7.0% cap · market cap 22.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,496
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated, three-story condominium unit is leased through May 31, 2027 and features a fully integrated rooftop deck.
Where is this residential income property located?
The property is located at 5702 Hudson Street Dallas, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Leased through May 31, 2027 for in‑place rental income; Fully integrated rooftop deck plus deck outdoor space; Third level features two bedrooms, including a remodeled spa‑inspired primary suite
