4-Unit Quadplex with Shared
For Sale
$850,000
610 Winston St, Dallas, TX 75208
Four one-bedroom residences offer hardwood living areas, tiled bathrooms, and access to a shared laundry facility.
Property Size3,056 SF
Price / SF$278.14
Days on Market22
Property Features for 610 Winston St
General Information
Standard status
Active
Size
3,056 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
shared laundry facility
Building Details
Year Built
1943
Listing Agency:
EXP REALTY
(888) 519-7431
Listed By:
Jenny Jun · License #0816020
Source:
Christenberrygroup
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 30 at 7:34PM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains four one-bedroom, one-bath residences within a 3,056-square-foot property built in 1943. Interior finishes include hardwood flooring across the living areas and tile in each bathroom. A shared laundry facility serves the residences.
The property is located at 610 Winston St in Dallas’ North Oak Cliff, near the Bishop Arts District and Kidd Springs Park. Bishop Arts offers boutiques, restaurants, coffee shops, breweries, galleries, and live entertainment, while Kidd Springs Park includes walking trails, tennis courts, a recreation center, and green space. Downtown Dallas, major medical districts, and corporate centers are also described as nearby.
The property is located at 610 Winston St in Dallas’ North Oak Cliff, near the Bishop Arts District and Kidd Springs Park. Bishop Arts offers boutiques, restaurants, coffee shops, breweries, galleries, and live entertainment, while Kidd Springs Park includes walking trails, tennis courts, a recreation center, and green space. Downtown Dallas, major medical districts, and corporate centers are also described as nearby.
Key Highlights
- Four one‑bedroom, one‑bath residences
- 3,056‑square‑foot property built in 1943
- Hardwood flooring in living areas and tile bathroom floors
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
$53,735
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
6.32%
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%
$1,074,700
$1.1M
Cap Rate 7%
$767,643
$767.6K
Cap Rate 9%
$597,056
$597.1K
Market Conditions
NOI Build-Up for 3,056 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
$85.4K $27.96/SF
− Vacancy
−$8.7K −$2.84/SF
EGI
$76.8K $25.12/SF
− OpEx
−$23.0K −$7.54/SF
NOI
$53.7K $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%
$1,074,700
Cap Rate 7%
$767,643
Cap Rate 9%
$597,056
Alternative Uses
Best Use
Multifamily LT 5
$767.6K
$671.7K – $895.6K
NOI $53,735 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$663.9K
$580.9K – $774.5K
NOI $46,470 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,686 @ 7.0% cap · market cap 30.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
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?
Quadplex - Four one-bedroom residences offer hardwood living areas, tiled bathrooms, and access to a shared laundry facility.
Where is this quadplex located?
The property is located at 610 Winston St Dallas, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath residences; 3,056‑square‑foot property built in 1943; Hardwood flooring in living areas and tile bathroom floors
