Duplex with Fenced
For Sale
$699,900
6129 & 6131 Reiger Ave, Dallas, TX 75214
Two units feature refreshed systems, hardwood interiors, and included laundry and kitchen appliances.
Property Size2,840 SF
Price / SF$246.44
Days on Market89
Property Features for 6129 & 6131 Reiger Ave
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1.5BA (1,611 sqft), 1 x 2BR/1BA (1,229 sqft)
Multifamily Units
2
Amenities
hardwood floors
refrigerator
washer
dryer
large balcony
fenced lot
Building Details
Year Built
1929
Listing Agency:
Keller Williams Realty DPR
Listed By:
Alisa Winston · License #0669894
(972) 732-6000
Source:
Cityupgroup
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 15 at 2:39AM
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 Keller Williams Realty DPR
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Investment Insights
Based on property information with market context.
This two-unit duplex includes distinct residences at 6129 and 6131 Reiger Avenue. The downstairs home offers 2 bedrooms, 1 full bath, 1 half bath, 1,611 sq.ft., and backyard access. The upstairs residence includes 2 bedrooms, 1 full bath, 1,229 sq.ft., and a large balcony. Oak flooring extends through the living areas, dining rooms, and bedrooms, while the bathrooms have been recently remodeled. Both residences include refrigerators, washers, and dryers, along with dishwashers, gas cooktops, and gas ovens.
Property improvements include replaced plumbing, recently replaced HVAC units, new light fixtures, central air, and a large fenced lot. The property has no HOA and was built in 1929. It is positioned between Lakewood and the Munger Place Historic District, with downtown and uptown Dallas nearby. White Rock Lake, Randall Park, Lakewood Country Club Golf Course, Whole Foods, restaurants, shops, cafes, pubs, and bars are also described as minutes away.
Property improvements include replaced plumbing, recently replaced HVAC units, new light fixtures, central air, and a large fenced lot. The property has no HOA and was built in 1929. It is positioned between Lakewood and the Munger Place Historic District, with downtown and uptown Dallas nearby. White Rock Lake, Randall Park, Lakewood Country Club Golf Course, Whole Foods, restaurants, shops, cafes, pubs, and bars are also described as minutes away.
Key Highlights
- Two‑unit duplex with residences at 6129 and 6131 Reiger Avenue
- Downstairs unit: 2 beds, 1 full bath, 1 half bath, 1,611 sq.ft.
- Upstairs unit: 2 beds, 1 full bath, 1,229 sq.ft., and large balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,937
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,740
$998.7K
Cap Rate 7%
$713,386
$713.4K
Cap Rate 9%
$554,856
$554.9K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$79.4K $27.96/SF
− Vacancy
−$8.1K −$2.84/SF
EGI
$71.3K $25.12/SF
− OpEx
−$21.4K −$7.54/SF
NOI
$49.9K $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%
$998,740
Cap Rate 7%
$713,386
Cap Rate 9%
$554,856
Alternative Uses
Best Use
Multifamily LT 5
$713.4K
$624.2K – $832.3K
NOI $49,937 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$616.9K
$539.8K – $719.8K
NOI $43,185 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,544 @ 7.0% cap · market cap 34.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
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Business Placement
Demographics for 75214, TX
35,664
Population
17,474
Households
2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
4,885
Density / Sq Mi
$128,917
Median Household Income
$81,149
Median Earnings
$1,536
Median Rent
$707,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two units feature refreshed systems, hardwood interiors, and included laundry and kitchen appliances.
Where is this duplex located?
The property is located at 6129 & 6131 Reiger Ave Dallas, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑unit duplex with residences at 6129 and 6131 Reiger Avenue; Downstairs unit: 2 beds, 1 full bath, 1 half bath, 1,611 sq.ft.; Upstairs unit: 2 beds, 1 full bath, 1,229 sq.ft., and large balcony
