Corner Lot Duplex with Two
6260 Lakeshore Drive Dallas, TX 75214
New
For Sale
$830,000
1931 duplex on a corner lot with two units, offering flexibility for renovation or redevelopment projects.
Property Size1,718 SF
Lot Size0.17 Acres
Price / SF$483.12
Days on Market6
Property Features for 6260 Lakeshore Drive
General Information
Standard status
Active
Size
1,718 SF
Lot size
0.17 Acres
Property subtype
Duplex
Building Details
Year Built
1931
Listing Agency:
Allie Beth Allman & Assoc.
(214) 521-7355
Listed By:
Rene Jensen · License #0596809
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 5:45AM
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 Allie Beth Allman & Assoc.
Investment Insights
Based on property information with market context.
Located at 6260 Lakeshore Drive, Dallas, TX 75214, this 1931 duplex contains two units, 6260 and 6262. The property sits on a 50 x 150 corner lot and totals 1,718 square feet. A brand new survey is available, supporting planning for future work and use.
Set on Lakeshore Drive, the home is described as being a few blocks from Tietze Park and Pool, with proximity to White Rock Lake, Lakewood shopping and dining, and Greenville Avenue. Buyers are advised that options such as freshening and leasing both units, remodeling, expanding, converting to a single-family residence, or building a custom home are subject to buyer verification and applicable city requirements.
Set on Lakeshore Drive, the home is described as being a few blocks from Tietze Park and Pool, with proximity to White Rock Lake, Lakewood shopping and dining, and Greenville Avenue. Buyers are advised that options such as freshening and leasing both units, remodeling, expanding, converting to a single-family residence, or building a custom home are subject to buyer verification and applicable city requirements.
Key Highlights
- 1931 duplex with 2 units (6260 and 6262) in East Dallas
- 1,718 SF total and located on a 50 x 150 corner lot on Lakeshore Drive
- Brand new survey available
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 | $48.0k | $27.96 |
| − Vacancy | −$4.9k | −$2.84 |
| EGI | $43.2k | $25.12 |
| − OpEx | −$12.9k | −$7.54 |
| NOI | $30.2k | $17.58 |
1,718 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.5K
$377.6K – $503.5K
NOI $30,208 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$373.2K
$326.6K – $435.4K
NOI $26,124 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,302 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - 1931 duplex on a corner lot with two units, offering flexibility for renovation or redevelopment projects.
Where is this duplex located?
The property is located at 6260 Lakeshore Drive Dallas, TX.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: 1931 duplex with 2 units (6260 and 6262) in East Dallas; 1,718 SF total and located on a 50 x 150 corner lot on Lakeshore Drive; Brand new survey available
