Renovated Craftsman
For Sale
$600,000
634 Turner Avenue, Dallas, TX 75208
Renovated interiors pair historic character with updated kitchens, private outdoor space, and a shared two-car garage.
Property Size1,872 SF
Price / SF$320.51
Days on Market237
Property Features for 634 Turner Avenue
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
shared fenced yard
Ceiling Fan(s), Central Air, Electric, Multi Units
Central, Natural Gas
No
Hardwood, Luxury Vinyl Plank, Tile, Wood
Dishwasher, Disposal, Dryer, Gas Range, Microwave, Plumbed For Gas in Kitchen, Refrigerator, Tankless Water Heater, Washer
2
Cable TV Available, Decorative Lighting, Granite Counters, Open Floorplan
Living Room
Composition
One
Back Yard
1
Bois DArc Post, Pillar/Post/Pier
Assessor
Siding
Building Details
Year Built
1930
Buildings
1
Construction
Craftsman
Listing Agency:
Compass
Listed By:
Sunny Darden · License #0637369
(214) 624-7901
Source:
Compass
Added: Jan 9
Changed: Sep 2
Last Checked: Sep 2 at 11:43PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1930, combines Craftsman-era character with extensive interior updates. The larger residence provides 1,000+ sqft, two bedrooms, one bathroom, open living space, hardwood flooring, a gas-range kitchen, and a private porch. The second residence includes 850 sqft, one bedroom, one bathroom, a dedicated office nook, and a kitchen with quartz counters, gas range, wine fridge, and stainless appliances. Exposed brick, wood details, artisan tile, and enlarged kitchen windows add distinct character across both units.
The property includes a shared fenced yard and a two-car garage with 17x10ft storage. Recent work includes HVAC in 2020, tankless water heaters in 2022, exterior paint in 2023, and foundation work in 2021 with a transferable warranty. Located at 634 Turner Avenue in Dallas, the duplex is near Bishop Arts, Kessler Park, Kessler Theater, Tiny Victories, Paradiso, and Eno’s Pizza. The property is owner-tenant occupied and leased through June.
The property includes a shared fenced yard and a two-car garage with 17x10ft storage. Recent work includes HVAC in 2020, tankless water heaters in 2022, exterior paint in 2023, and foundation work in 2021 with a transferable warranty. Located at 634 Turner Avenue in Dallas, the duplex is near Bishop Arts, Kessler Park, Kessler Theater, Tiny Victories, Paradiso, and Eno’s Pizza. The property is owner-tenant occupied and leased through June.
Key Highlights
- 1,872‑square‑foot duplex built in 1930
- Two residences: 1,000+ sqft with 2 beds and 850 sqft with 1 bed
- Two‑car garage with 17x10ft storage
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
$32,916
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
5.49%
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%
$658,320
$658.3K
Cap Rate 7%
$470,229
$470.2K
Cap Rate 9%
$365,733
$365.7K
Market Conditions
NOI Build-Up for 1,872 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
$52.3K $27.96/SF
− Vacancy
−$5.3K −$2.84/SF
EGI
$47.0K $25.12/SF
− OpEx
−$14.1K −$7.54/SF
NOI
$32.9K $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 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%
$658,320
Cap Rate 7%
$470,229
Cap Rate 9%
$365,733
Alternative Uses
Best Use
Multifamily LT 5
$470.2K
$411.5K – $548.6K
NOI $32,916 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$406.7K
$355.8K – $474.4K
NOI $28,466 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,237 @ 7.0% cap · market cap 26.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated interiors pair historic character with updated kitchens, private outdoor space, and a shared two-car garage.
Where is this duplex located?
The property is located at 634 Turner Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,872‑square‑foot duplex built in 1930; Two residences: 1,000+ sqft with 2 beds and 850 sqft with 1 bed; Two‑car garage with 17x10ft storage
