Renovated Duplex with Private
New
For Sale
$469,900
622 S Edgefield Avenue, Dallas, TX 75208
Both residences are vacant, with updated finishes and systems and flexibility for owner occupancy or rental use.
Property Size1,696 SF
Days on Market3
Property Features for 622 S Edgefield Avenue
General Information
Standard status
Active
Size
1,696 SF
Property subtype
Duplex
Site & Location
Neighborhood
Kings Highway
Additional Details
Multifamily Units
2
Amenities
private back yard
Building Details
Building Size
1,696 SF
Year Built
1930
Listing Agency:
Keller Williams Central
Listed By:
Mason Kudrna
(469) 467-7755
Source:
Nilesrealtygroup
Added: Nov 4
Last Checked: Nov 3 at 10:39AM
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 Central
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Investment Insights
Based on property information with market context.
Built in 1930, this two-unit duplex contains 1,696 square feet and has undergone a comprehensive renovation, including updated finishes and systems. Both units are vacant. The property also includes a private backyard.
The duplex at 622 and 624 S Edgefield Ave is minutes from Bishop Arts and has access to downtown Dallas, Jefferson Boulevard and surrounding Oak Cliff neighborhoods. Its two separate residences allow for occupancy in one unit and rental of the other, or use of both as rental units.
The duplex at 622 and 624 S Edgefield Ave is minutes from Bishop Arts and has access to downtown Dallas, Jefferson Boulevard and surrounding Oak Cliff neighborhoods. Its two separate residences allow for occupancy in one unit and rental of the other, or use of both as rental units.
Key Highlights
- Two‑unit duplex totaling 1,696 square feet
- Built in 1930 and comprehensively renovated with updated finishes and systems
- Both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,822
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,440
$596.4K
Cap Rate 7%
$426,029
$426.0K
Cap Rate 9%
$331,356
$331.4K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$47.4K $27.96/SF
− Vacancy
−$4.8K −$2.84/SF
EGI
$42.6K $25.12/SF
− OpEx
−$12.8K −$7.54/SF
NOI
$29.8K $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%
$596,440
Cap Rate 7%
$426,029
Cap Rate 9%
$331,356
Alternative Uses
Best Use
Multifamily LT 5
$426.0K
$372.8K – $497.0K
NOI $29,822 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$368.4K
$322.4K – $429.8K
NOI $25,789 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$2.04M
$1.78M – $2.37M
NOI $142,454 @ 7.0% cap · market cap 30.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with updated finishes and systems and flexibility for owner occupancy or rental use.
Where is this duplex located?
The property is located at 622 S Edgefield Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,696 square feet; Built in 1930 and comprehensively renovated with updated finishes and systems; Both units are vacant
