Duplex with Two Private
6241 Rincon Way Dallas, TX 75214
For Sale
$725,000
Two spacious duplex units each offer 2 bedrooms, 2 full baths, a fireplace, and a 1-car garage.
Property Size3,216 SF
Price / SF$225.44
Days on Market75
Property Features for 6241 Rincon Way
General Information
- Standard status
- Active
- Size
- 3,216 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1970
Listing Agency:
Redfin Corporation
(972) 818-6271
Listed By:
Rachael Wang · License #0619486
(972) 818-6271
Source:
Compass
Added: May 11
Changed: Jul 21
Last Checked: Jul 23 at 10:31AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This for-sale duplex includes two parcels: 6239 and 6241 Rowan Way. The property has two spacious units, each featuring 2 bedrooms and 2 full baths, with a primary suite that includes a private bath. Interior highlights include an open floor plan with a living room that has a fireplace and built-in shelving. Each kitchen is equipped with a built-in oven and cooktop, refrigerator, and dishwasher, plus a dining area just off the kitchen.
Recent updates include vinyl flooring, solar screens, and upgraded roof shingles. Each unit also features a 1-car garage, a covered patio, and private yard space.
The duplex is located in a quiet neighborhood near shopping, schools, US-75, and other everyday conveniences, offering an easy-to-maintain, move-in-ready setup.
Recent updates include vinyl flooring, solar screens, and upgraded roof shingles. Each unit also features a 1-car garage, a covered patio, and private yard space.
The duplex is located in a quiet neighborhood near shopping, schools, US-75, and other everyday conveniences, offering an easy-to-maintain, move-in-ready setup.
Key Highlights
- Duplex with 2 units, each offering 1,608 SF, 2 bedrooms, and 2 full baths
- Living room features a fireplace and built‑in shelving in each unit
- Each unit includes a kitchen with built‑in oven and cooktop, refrigerator, dishwasher, and microwave
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 | $89.9k | $27.96 |
| − Vacancy | −$9.1k | −$2.84 |
| EGI | $80.8k | $25.12 |
| − OpEx | −$24.2k | −$7.54 |
| NOI | $56.5k | $17.58 |
3,216 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$807.8K
$706.9K – $942.5K
NOI $56,548 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$698.6K
$611.3K – $815.1K
NOI $48,903 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,125 @ 7.0% cap · market cap 37.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two spacious duplex units each offer 2 bedrooms, 2 full baths, a fireplace, and a 1-car garage.
Where is this duplex located?
The property is located at 6241 Rincon Way Dallas, TX.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex with 2 units, each offering 1,608 SF, 2 bedrooms, and 2 full baths; Living room features a fireplace and built‑in shelving in each unit; Each unit includes a kitchen with built‑in oven and cooktop, refrigerator, dishwasher, and microwave
