Two-Unit Tudor Duplex with
For Sale
$795,000
6200 - 6202 Goliad Avenue, Dallas, TX 75214
Two-story duplex property with two 2-bedroom units plus a detached rear 1-bedroom ADU with fenced yards.
Property Size2,756 SF
Days on Market52
Property Features for 6200 - 6202 Goliad Avenue
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,474
Building Details
Building Size
2,756 SF
Year Built
1931
Stories
2
Listing Agency:
Campagna Real Estate Corp.
Listed By:
Franceanna Campagna · License #0509493
(972) 588-8863
Source:
Nilesrealtygroup
Added: Jul 19
Changed: Sep 8
Last Checked: Jul 25 at 11:33AM
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 Campagna Real Estate Corp.
Investment Insights
Based on property information with market context.
Built in the 1930s, this two-story Tudor duplex features two duplex units, 6200 and 6202 Goliad, along with a detached rear ADU described as a garage apartment. Each duplex unit offers 2 bedrooms and 1 bathroom, central heat and air, hardwood floors, a decorative fireplace, wet bar, fenced yard space, and kitchen appliances including a refrigerator, gas range, and stack washer-dryer. The detached garage is for storage only.
The rear ADU is described as a 1-bedroom, 1-bath layout with a living area, kitchen with breakfast nook, hardwood floors, Corian countertops, and tile backsplash, plus a gas stove and refrigerator. It also includes a dishwasher, a window air unit, central heat, a fenced yard, and shared driveway parking.
Set on a 50x150 lot, the property is positioned for residential income with flexibility that can accommodate different ownership plans, including rental and redevelopment considerations.
The rear ADU is described as a 1-bedroom, 1-bath layout with a living area, kitchen with breakfast nook, hardwood floors, Corian countertops, and tile backsplash, plus a gas stove and refrigerator. It also includes a dishwasher, a window air unit, central heat, a fenced yard, and shared driveway parking.
Set on a 50x150 lot, the property is positioned for residential income with flexibility that can accommodate different ownership plans, including rental and redevelopment considerations.
Key Highlights
- 1931 two‑story Tudor duplex on a 50x150 lot with two duplex units (6200 and 6202 Goliad) and a detached rear ADU/garage apartment.
- Each duplex unit offers 2 bedrooms and 1 bathroom with central heat and air, hardwood floors, a decorative fireplace, and wet bar.
- Duplex units include kitchen appliances such as refrigerator, gas range, and stack washer‑dryer, plus fenced yard space.
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
$41,908
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
5.27%
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%
$838,160
$838.2K
Cap Rate 7%
$598,686
$598.7K
Cap Rate 9%
$465,644
$465.6K
Market Conditions
NOI Build-Up for 2,756 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
$85.3K $30.96/SF
− Vacancy
−$9.1K −$3.31/SF
EGI
$76.2K $27.65/SF
− OpEx
−$34.3K −$12.44/SF
NOI
$41.9K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$838,160
Cap Rate 7%
$598,686
Cap Rate 9%
$465,644
Alternative Uses
Best Use
Apartment 5plus
$598.7K
$523.9K – $698.5K
NOI $41,908 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.89M – $3.86M
NOI $231,488 @ 7.0% cap · market cap 29.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story duplex property with two 2-bedroom units plus a detached rear 1-bedroom ADU with fenced yards.
Where is this apartment building located?
The property is located at 6200 - 6202 Goliad Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1931 two‑story Tudor duplex on a 50x150 lot with two duplex units (6200 and 6202 Goliad) and a detached rear ADU/garage apartment.; Each duplex unit offers 2 bedrooms and 1 bathroom with central heat and air, hardwood floors, a decorative fireplace, and wet bar.; Duplex units include kitchen appliances such as refrigerator, gas range, and stack washer‑dryer, plus fenced yard space.
