Two-Unit Tudor
New
For Sale
$775,000
5740 - 5742 Goodwin Avenue, Dallas, TX 75206
One residence is occupied, while the second is vacant and ready for a new tenancy.
Property Size2,304 SF
Days on Market3
Property Features for 5740 - 5742 Goodwin Avenue
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
50%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,917
Amenities
hardwood floors
decorative fireplaces
private covered front porches
honeycomb tile bathroom floors
washer and dryer
landscaped grounds
carport
storage rooms
Building Details
Building Size
2,304 SF
Year Built
1931
Buildings
1
Construction
Tudor
Listing Agency:
Campagna Real Estate Corp.
Listed By:
Franceanna Campagna · License #0509493
(972) 588-8863
Source:
Baerealty
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 5:44PM
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 Campagna Real Estate Corp.
Investment Insights
Based on property information with market context.
This 1931 Tudor-style duplex contains two 2-bedroom, 1-bath units, each approximately 1,302 square feet. Interior details include hardwood flooring, decorative stucco fireplaces, and honeycomb tile bathroom floors. Both residences have covered front porches, washers and dryers, and appliances. A four-car carport with secured storage rooms serves the landscaped rear yard.
The property is on Goodwin Avenue in Dallas, with Greenville Avenue restaurants and Geneva Heights Elementary nearby. Matilda bike lanes connect toward Ridgewood Trail, and Mockingbird is a few blocks away, providing access to I-75, White Rock Lake, and SMU.
The property is on Goodwin Avenue in Dallas, with Greenville Avenue restaurants and Geneva Heights Elementary nearby. Matilda bike lanes connect toward Ridgewood Trail, and Mockingbird is a few blocks away, providing access to I-75, White Rock Lake, and SMU.
Key Highlights
- Built in 1931 as a Tudor‑style duplex
- Two units, each with 2 bedrooms, 1 bathroom, and approximately 1,302 square feet
- One unit is occupied; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,512
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,240
$810.2K
Cap Rate 7%
$578,743
$578.7K
Cap Rate 9%
$450,133
$450.1K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$64.4K $27.96/SF
− Vacancy
−$6.5K −$2.84/SF
EGI
$57.9K $25.12/SF
− OpEx
−$17.4K −$7.54/SF
NOI
$40.5K $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 Rate 5%
$810,240
Cap Rate 7%
$578,743
Cap Rate 9%
$450,133
Alternative Uses
Best Use
Multifamily LT 5
$578.7K
$506.4K – $675.2K
NOI $40,512 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$500.5K
$437.9K – $583.9K
NOI $35,035 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,523 @ 7.0% cap · market cap 24.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
457
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is vacant and ready for a new tenancy.
Where is this duplex located?
The property is located at 5740 - 5742 Goodwin Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Built in 1931 as a Tudor‑style duplex; Two units, each with 2 bedrooms, 1 bathroom, and approximately 1,302 square feet; One unit is occupied; the other is vacant
