Duplex With Covered
New
For Sale
$725,000
5930 Victor St, Dallas, TX 75214
Currently leased with separate upper and lower residences for residential income use.
Property Size3,018 SF
Price / SF$240.23
Days on Market7
Property Features for 5930 Victor St
General Information
Standard status
Active
Size
3,018 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Keller Williams Legacy
Listed By:
Terri McCoy · License #0496385
(972) 599-7000
Source:
Thebryandavisgroup
Added: Sep 6
Changed: Sep 10
Last Checked: Sep 11 at 5:13PM
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 Keller Williams Legacy
Investment Insights
Based on property information with market context.
Built in 1930, this Dallas duplex contains two distinct residences within a 3,018-property-size structure. The upper residence has 2 bedrooms and 1 bath, while the lower residence includes 3 bedrooms and 2 baths. Hardwood flooring is featured in both units, and a four-car carport provides covered parking. The property is currently leased.
Located at 5930 Victor St, the duplex is near Woodrow Wilson High School and offers access to shopping, dining, entertainment, and major Dallas destinations. Its separate-unit configuration supports use as a residential income property while preserving distinct living spaces for each residence.
Located at 5930 Victor St, the duplex is near Woodrow Wilson High School and offers access to shopping, dining, entertainment, and major Dallas destinations. Its separate-unit configuration supports use as a residential income property while preserving distinct living spaces for each residence.
Key Highlights
- Two separate residences with 2 bedrooms and 1 bath upstairs and 3 bedrooms and 2 baths downstairs
- Currently leased
- Four‑car covered carport
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
$53,067
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
7.32%
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%
$1,061,340
$1.1M
Cap Rate 7%
$758,100
$758.1K
Cap Rate 9%
$589,633
$589.6K
Market Conditions
NOI Build-Up for 3,018 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
$84.4K $27.96/SF
− Vacancy
−$8.6K −$2.84/SF
EGI
$75.8K $25.12/SF
− OpEx
−$22.7K −$7.54/SF
NOI
$53.1K $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%
$1,061,340
Cap Rate 7%
$758,100
Cap Rate 9%
$589,633
Alternative Uses
Best Use
Multifamily LT 5
$758.1K
$663.3K – $884.5K
NOI $53,067 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$655.6K
$573.7K – $764.9K
NOI $45,892 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,495 @ 7.0% cap · market cap 34.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,062
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Currently leased with separate upper and lower residences for residential income use.
Where is this duplex located?
The property is located at 5930 Victor St Dallas, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two separate residences with 2 bedrooms and 1 bath upstairs and 3 bedrooms and 2 baths downstairs; Currently leased; Four‑car covered carport
