5-Unit Apartment Building with
For Sale
$2,695,000
Pending
6001 Lewis Street, Dallas, TX 75206
New construction provides private outdoor areas, rooftop terraces, and attached garages for every residence.
Property Size8,500 SF
Days on Market276
Property Features for 6001 Lewis Street
General Information
Standard status
Pending
Size
8,500 SF
Total Parking Spaces
10
Property subtype
Multi-Family / Apartment/5Plex+
Additional Details
Multifamily Units
5
Amenities
private fenced patio
rooftop terrace
full appliance package
Central Air
Central
No
Engineered Wood
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Cooktop, Microwave, Plumbed For Gas in Kitchen, Refrigerator, Tankless Water Heater, Washer
8500.0
Built-in Features, Chandelier, Decorative Lighting, Double Vanity, Dry Bar, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Natural Woodwork, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar, Second Primary Bedroom
Yes
Other
Three Or More
Wood
3
Slab
Builder
5
Cedar, Concrete, Frame, Siding, Wood
Roof Top Deck/Patio, Terrace
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Beam Real Estate, LLC
Listed By:
Adam Akman · License #0828591
(832) 209-6909
Source:
Compass
Added: Dec 4, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
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 Beam Real Estate, LLC
Investment Insights
Based on property information with market context.
This 5-unit apartment property consists of newly constructed townhome residences with 8,500 square feet of livable area. Each home includes an attached garage, fenced private patio, rooftop terrace, full appliance package, central air, engineered wood flooring, kitchen island, granite counters, walk-in closets, and a tankless water heater. Expected delivery is December 2025, and the property includes an established HOA for ongoing management.
Located at 6001 Lewis Street in Dallas, the property is near Lower Greenville and within minutes of Downtown, Knox Henderson, and SMU. Dining and shopping destinations are also identified in the surrounding area. The residences are planned for lease-ready delivery and may support long-term, mid-term, or corporate-stay use as described in the property information.
Located at 6001 Lewis Street in Dallas, the property is near Lower Greenville and within minutes of Downtown, Knox Henderson, and SMU. Dining and shopping destinations are also identified in the surrounding area. The residences are planned for lease-ready delivery and may support long-term, mid-term, or corporate-stay use as described in the property information.
Key Highlights
- Five townhome residences totaling 8,500 square feet of livable area
- Each residence includes an attached garage, fenced patio, and rooftop terrace
- Expected delivery in December 2025
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
$129,251
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
4.80%
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%
$2,585,020
$2.6M
Cap Rate 7%
$1,846,443
$1.8M
Cap Rate 9%
$1,436,122
$1.4M
Market Conditions
NOI Build-Up for 8,500 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
$263.2K $30.96/SF
− Vacancy
−$28.2K −$3.31/SF
EGI
$235.0K $27.65/SF
− OpEx
−$105.8K −$12.44/SF
NOI
$129.3K $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%
$2,585,020
Cap Rate 7%
$1,846,443
Cap Rate 9%
$1,436,122
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.15M
NOI $129,251 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.20M
$8.92M – $11.90M
NOI $713,951 @ 7.0% cap · market cap 26.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,636
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction provides private outdoor areas, rooftop terraces, and attached garages for every residence.
Where is this apartment building located?
The property is located at 6001 Lewis Street Dallas, TX.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Five townhome residences totaling 8,500 square feet of livable area; Each residence includes an attached garage, fenced patio, and rooftop terrace; Expected delivery in December 2025
