Remodeled Duplex with Fenced
6131 Reiger Avenue Dallas, TX 75214
For Sale
$699,900
MULTI_FAMILY - Dallas, TX
Property Size2,840 SF
Lot Size0.21 Acres
Price / SF$246.44
Days on Market23
Property Features for 6131 Reiger Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 2
Parking
2
Parking features
Driveway, Carport
Patio and Porch features
Deck, Porch
Interior features
CedarClosets, DecorativeDesignerLightingFixtures, GraniteCounters, MultipleMasterSuites, Pantry, WalkInClosets
Appliances
Dryer, Dishwasher, GasCooktop, GasOven, Refrigerator, Washer
Standard status
Active
APN
00000168865000000
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
HILL CREST BLK B/1667 LT 13
Tax Annual Amount
14659
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Building Details
Year built
1929
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty DPR
(972) 732-6000
Listed By:
Alisa Winston · License #0669894
(972) 732-6000
Added: Jul 6
Changed: Jul 27
Last Checked: Jul 28 at 7:06AM
MLS# 21243583
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 remodeled duplex offers two separate residential units within one building on a large fenced lot with no HOA. Both units have oak hardwood floors in the living areas, dining rooms, and bedrooms. Bathrooms have been recently remodeled, plumbing has been replaced, and HVAC units have been recently replaced as well. New light fixtures are installed throughout. Each unit is provided with a refrigerator and washer/dryer, supporting in-unit convenience.
The property is located in Dallas between Lakewood and the Munger Place area, with proximity to downtown and uptown Dallas. The address includes 6129 Reiger Avenue for the downstairs unit with backyard access and 6131 Reiger Avenue for the upstairs unit with a large balcony.
The layout supports tenant flexibility for a buyer seeking an income-producing residential property: the downstairs unit is a 2-bedroom configuration with 1 full and 1 half bath, while the upstairs unit is a 2-bedroom configuration with 1 full bath. The current downstairs lease is listed as one-year signed on May 22, 2026 at $2,200, and the upstairs unit is expected to be listed for rent after sprucing up following the tenant move-out after five years.
The property is located in Dallas between Lakewood and the Munger Place area, with proximity to downtown and uptown Dallas. The address includes 6129 Reiger Avenue for the downstairs unit with backyard access and 6131 Reiger Avenue for the upstairs unit with a large balcony.
The layout supports tenant flexibility for a buyer seeking an income-producing residential property: the downstairs unit is a 2-bedroom configuration with 1 full and 1 half bath, while the upstairs unit is a 2-bedroom configuration with 1 full bath. The current downstairs lease is listed as one-year signed on May 22, 2026 at $2,200, and the upstairs unit is expected to be listed for rent after sprucing up following the tenant move-out after five years.
Key Highlights
- Duplex on Reiger Ave with unit rents: 6129 Reiger signed one‑year lease May 22, 2026 at $2,200; 6131 to be listed at $2,000 after turnover
- 6129 Reiger Ave downstairs unit: 2 bed/1 full bath/1 half bath with 1,611 sq.ft and access to the backyard
- 6131 Reiger Ave upstairs unit: 2 bed/1 full bath with 1,229 sq.ft and a large balcony
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 | $79.4k | $27.96 |
| − Vacancy | −$8.1k | −$2.84 |
| EGI | $71.3k | $25.12 |
| − OpEx | −$21.4k | −$7.54 |
| NOI | $49.9k | $17.58 |
2,840 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit Dallas duplex featuring updated mechanicals and remodeled bathrooms, each with in-unit laundry appliances.
Where is this duplex located?
The property is located at 6131 Reiger Avenue 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: Duplex on Reiger Ave with unit rents: 6129 Reiger signed one‑year lease May 22, 2026 at $2,200; 6131 to be listed at $2,000 after turnover; 6129 Reiger Ave downstairs unit: 2 bed/1 full bath/1 half bath with 1,611 sq.ft and access to the backyard; 6131 Reiger Ave upstairs unit: 2 bed/1 full bath with 1,229 sq.ft and a large balcony
