Three-Story Condo
For Sale
$440,000
5702 Hudson Street, Dallas, TX 75206
MULTI_FAMILY - Dallas, TX
Property Size1,235 SF
Lot Size0.22 Acres
Price / SF$356.28
Days on Market35
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
4
Parking features
Open, Covered, Garage, Driveway
Interior features
DecorativeDesignerLightingFixtures, DoubleVanity, EatInKitchen, GraniteCounters, KitchenIsland, MultipleStaircases, OpenFloorplan, Pantry, PanelingWainscoting, SmartHome, CableTv, WalkInClosets, WiredForSound
Exterior features
Balcony
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision
Versaille Condo
Lot features
Acreage
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
00C79300000A00006
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
rooftop access
security systems
Building Details
Year built
2005
Floors in Building
3
Number of units
1
Flooring type
Hardwood, Tile, Carpet, Vinyl
Building materials
Stucco, WoodSiding
Roof type
Flat
Listing Agency:
Realty 85, LLC
(480) 405-6464
Listed By:
Kam Kordi
(469) 759-6241
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 17 at 11:06AM
MLS# 21315429
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.
This three-story condominium is set up for income with a stabilized tenant in place through December 2027. The trilevel layout includes open-concept living with a dining nook, security systems, multiple staircases, and a main level featuring real hardwood flooring. The updated kitchen includes white quartz countertops and stainless steel appliances. Upstairs, the 3rd floor offers two bedrooms and a primary suite with a walk-in closet and a newly remodeled boutique hotel-style bathroom with a spa tub, separate shower, and dual vanity. Interior conveniences include smart home features, wired for sound, and walk-in closets.
Exterior features include a balcony and rooftop access with views of the Dallas skyline. The property also includes dedicated direct street access for the unit, along with a dedicated 2-car driveway and a 2-car garage. Recent improvements include new stucco and foundation, a new water heater, and upgraded security features. The building is constructed with stucco and wood siding and has a flat roof.
Located on Hudson Street in the 75206 area, the unit totals 1,235 square feet on a 0.223-acre lot, with public water and public sewer service.
Exterior features include a balcony and rooftop access with views of the Dallas skyline. The property also includes dedicated direct street access for the unit, along with a dedicated 2-car driveway and a 2-car garage. Recent improvements include new stucco and foundation, a new water heater, and upgraded security features. The building is constructed with stucco and wood siding and has a flat roof.
Located on Hudson Street in the 75206 area, the unit totals 1,235 square feet on a 0.223-acre lot, with public water and public sewer service.
Key Highlights
- Leased to a tenant through December 2027
- Dedicated 2‑car driveway with a 2‑car garage and direct street access
- Rooftop access with views of the Downtown Dallas skyline
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
4.27%
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 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,733 @ 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
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 - Income-producing three-story condo leased through December 2027 with a dedicated 2-car driveway and garage access.
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 $440,000.
What are key features of this property?
This property features: Leased to a tenant through December 2027; Dedicated 2‑car driveway with a 2‑car garage and direct street access; Rooftop access with views of the Downtown Dallas skyline
