New-Construction Duplex with
For Sale
$1,850,000
6045-6047 Velasco Avenue, Dallas, TX 75206
Two residences feature upgraded kitchens, private outdoor areas, and wiring prepared for electric vehicle charging.
Property Size5,286 SF
Price / SF$349.98
Days on Market8
Property Features for 6045-6047 Velasco Avenue
General Information
Standard status
Active
Size
5,286 SF
Property subtype
Duplex
Site & Location
Neighborhood
Lakewood Heights
Additional Details
Multifamily Units
2
Building Details
Building Size
5,286 SF
Year Built
2025
Listing Agency:
Coldwell Banker Realty
Listed By:
Karen Cuskey · License #0515053
(214) 828-4300
Source:
Lardnergroup
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 11:42AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residences with pier-and-beam foundations, Pella energy-rated windows, and enhanced sound and thermal insulation. Interior details include quartz countertops, solid-core doors, and fireplaces that serve both indoor and outdoor spaces. The kitchens include induction cooktops, double smart ovens, warming drawers, wine refrigerators, and smart-hub refrigerators. Heated floors are featured in the primary-suite bath, while mechanized screens enclose a private rear porch. Garage wiring is prepared for EV charging, and the grounds feature pollinator-friendly landscaping.
The property is at 6045-6047 Velasco Avenue in Dallas, minutes from Lower Greenville dining, shopping, and everyday conveniences.
The property is at 6045-6047 Velasco Avenue in Dallas, minutes from Lower Greenville dining, shopping, and everyday conveniences.
Key Highlights
- Two‑residence duplex built in 2025
- Pier‑and‑beam foundations with insulation and warranty
- Pella energy‑rated windows and enhanced sound and thermal insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,946
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,858,920
$1.9M
Cap Rate 7%
$1,327,800
$1.3M
Cap Rate 9%
$1,032,733
$1.0M
Market Conditions
NOI Build-Up for 5,286 SF
Gross rent
$147.8K $27.96/SF
− Vacancy
−$15.0K −$2.84/SF
EGI
$132.8K $25.12/SF
− OpEx
−$39.8K −$7.54/SF
NOI
$92.9K $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%
$1,858,920
Cap Rate 7%
$1,327,800
Cap Rate 9%
$1,032,733
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,946 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,379 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$6.34M
$5.55M – $7.40M
NOI $443,994 @ 7.0% cap · market cap 24.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
730
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature upgraded kitchens, private outdoor areas, and wiring prepared for electric vehicle charging.
Where is this duplex located?
The property is located at 6045-6047 Velasco Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑residence duplex built in 2025; Pier‑and‑beam foundations with insulation and warranty; Pella energy‑rated windows and enhanced sound and thermal insulation
