Two-Unit Residential Income
607 Neches Street Dallas, TX 75208
For Sale
$325,000
Duplex with two 2-bedroom units totaling 1,332 sq. ft. offered as a full rehab project.
Property Size1,332 SF
Price / SF$243.99
Days on Market166
Property Features for 607 Neches Street
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Multi-Family / Full Duplex
Building Details
Year Built
1930
Listing Agency:
Only 1 Realty Group Dallas
(469) 254-7941
Listed By:
Lola Martinez · License #0715595
(469) 254-7941
Source:
Compass
Added: Feb 14
Changed: Jul 23
Last Checked: Jul 29 at 2:36PM
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 Only 1 Realty Group Dallas
Investment Insights
Based on property information with market context.
This two-unit residential income duplex includes two separate 2-bedroom units in a total of 1,332 sq. ft. The property is described as a full rehab project, offering an opportunity to reimagine the existing configuration and finishes to fit future use.
Located in North Oak Cliff, the address is listed at 607 Neches Street and is described as minutes from Bishop Arts and Kessler Park, with walking distance to Kidd Springs Park. The remarks also note convenient access to Methodist Dallas Medical Center.
As presented, the duplex sits on a small lot and is positioned for rental use across both units, with each unit offering two bedrooms.
Located in North Oak Cliff, the address is listed at 607 Neches Street and is described as minutes from Bishop Arts and Kessler Park, with walking distance to Kidd Springs Park. The remarks also note convenient access to Methodist Dallas Medical Center.
As presented, the duplex sits on a small lot and is positioned for rental use across both units, with each unit offering two bedrooms.
Key Highlights
- Duplex with 2 total units, each offering 2 bedrooms
- Total building area of 1,332 sq. ft. across both units
- Offered as a full rehab project
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 | $37.2k | $27.96 |
| − Vacancy | −$3.8k | −$2.84 |
| EGI | $33.5k | $25.12 |
| − OpEx | −$10.0k | −$7.54 |
| NOI | $23.4k | $17.58 |
1,332 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.6K
$292.8K – $390.4K
NOI $23,421 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$289.3K
$253.2K – $337.6K
NOI $20,254 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,880 @ 7.0% cap · market cap 34.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom units totaling 1,332 sq. ft. offered as a full rehab project.
Where is this duplex located?
The property is located at 607 Neches Street Dallas, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex with 2 total units, each offering 2 bedrooms; Total building area of 1,332 sq. ft. across both units; Offered as a full rehab project
