Turn-Key Duplex with Tandem
6010 Richmond Avenue Dallas, TX 75206
New
6010 Richmond Avenue, Dallas, TX, 75206
$750,000
For Sale
$750,000
MULTI_FAMILY - Dallas, TX
Property Size1,536 SF
Lot Size0.21 Acres
Price / SF$488.28
Days on Market1
Property Features for 6010 Richmond Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking
- 2
- Parking features
- Driveway
- Appliances
- Dishwasher
- Standard status
- Active
- APN
- 00000185230000000
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- BELMONT SUBURBAN BLK 21/1912 LT 3
- Tax Annual Amount
- 12866
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall Unit(s), Electric, Multi Units
- Water source
- Public
Building Details
- Year built
- 1926
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- WoodSiding
- Roof type
- Asphalt
Listing Agency
Grey Square
(214) 239-2869
Dallas, TX
Listed by
Paul Blair · License #0698050
(214) 239-2869
Added: Jul 16 Checked: Jul 16 at 7:06 pm
MLS# 21331053
Listing URL
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 turn-key duplex features two mirrored 1 bed, 1 bath units with hardwood floors. Each unit is approximately 768 square feet and includes stainless appliances (range, refrigerator, dishwasher) as well as stackable washer and dryers. Major capital improvements have been completed across both units, including foundation upgrades, new split unit AC and heat, new 200 amp electrical panels, and new tankless water heaters.
One unit is on a standing lease at $1,700 per month, while the other is month-to-month at $1,700 per month, with a tenant willing to stay on or vacate at closing. The property offers tandem off-street parking in the driveway, with city water and sewer in place. Set on a 9,250 square foot lot in Dallas (75206).
One unit is on a standing lease at $1,700 per month, while the other is month-to-month at $1,700 per month, with a tenant willing to stay on or vacate at closing. The property offers tandem off-street parking in the driveway, with city water and sewer in place. Set on a 9,250 square foot lot in Dallas (75206).
Key Highlights
- Duplex built in 1926 on a 9,250 SF lot (0.2120 acres) in Dallas 75206 (Lower Greenville)
- Both units feature mirrored 1 bed, 1 bath layouts with hardwood floors (approx. 768 SF each)
- Major updates across both units: foundation upgrades, new split unit AC and heat, new 200 amp electrical panels, and new tankless water heaters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.9k | $27.96 |
| − Vacancy | −$4.4k | −$2.84 |
| EGI | $38.6k | $25.12 |
| − OpEx | −$11.6k | −$7.54 |
| NOI | $27.0k | $17.58 |
1,536 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$385.8K
$337.6K – $450.1K
NOI $27,008 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$333.7K
$292.0K – $389.3K
NOI $23,356 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,015 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Mirrored 1 bed/1 bath duplex with hardwood floors, tandem off-street parking, and recent mechanical/electrical upgrades.
Where is this duplex located?
The property is located at 6010 Richmond Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex built in 1926 on a 9,250 SF lot (0.2120 acres) in Dallas 75206 (Lower Greenville); Both units feature mirrored 1 bed, 1 bath layouts with hardwood floors (approx. 768 SF each); Major updates across both units: foundation upgrades, new split unit AC and heat, new 200 amp electrical panels, and new tankless water heaters
