Updated Duplex with Detached
For Sale
$665,000
6524 Ravendale Lane, Dallas, TX 75214
Two residential units feature hardwood floors, individual stackable washer-dryer sets, and access to a shared wood deck.
Property Size2,185 SF
Price / SF$304.35
Days on Market144
Property Features for 6524 Ravendale Lane
General Information
Standard status
Active
Size
2,185 SF
Total Parking Spaces
3
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Sprinkler System
Yes
Amenities
deck
stackable washer/dryer
Central Air, Electric
Central, Natural Gas
Ceramic Tile, Wood
Built-in Gas Range, Dishwasher
Other
No
Composition
One
Wood
1
Pillar/Post/Pier
Assessor
2
Brick
Deck
Building Details
Year Built
1954
Buildings
1
Listing Agency:
Compass
(214) 563-2711
Listed By:
Clay Smiley · License #0714205
(214) 563-2711
Source:
Compass
Added: Apr 9
Changed: Aug 30
Last Checked: Aug 30 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 Compass
Investment Insights
Based on property information with market context.
Located at 6524 Ravendale Lane in Dallas, this 2,185-square-foot duplex contains two residential units, each with 2 bd and 1 ba. Original wood flooring runs through both sides, and each unit includes its own stackable washer-dryer arrangement. The property also includes a detached 3-car garage, backyard wood deck, sprinkler system, central air, and a combination of electric and natural-gas systems.
Unit 6526 has an opened-up kitchen, a bathroom remodeled in 2023, and a hot water heater installed in 2022. Unit 6524 received HVAC replacement in 2022, along with a refrigerator, dishwasher, and blinds added in 2026. Additional infrastructure work includes replacement of the sewer line to the city and gas line in 2021, plus an electrical panel replacement in 2020. Hillside Village Shopping Center and White Rock Lake are nearby.
Unit 6526 has an opened-up kitchen, a bathroom remodeled in 2023, and a hot water heater installed in 2022. Unit 6524 received HVAC replacement in 2022, along with a refrigerator, dishwasher, and blinds added in 2026. Additional infrastructure work includes replacement of the sewer line to the city and gas line in 2021, plus an electrical panel replacement in 2020. Hillside Village Shopping Center and White Rock Lake are nearby.
Key Highlights
- 2,185 SF duplex with two residential units
- Each unit offers 2 bd and 1 ba
- Detached 3 car garage and backyard wood deck
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
$38,420
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
5.78%
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%
$768,400
$768.4K
Cap Rate 7%
$548,857
$548.9K
Cap Rate 9%
$426,889
$426.9K
Market Conditions
NOI Build-Up for 2,185 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
$61.1K $27.96/SF
− Vacancy
−$6.2K −$2.84/SF
EGI
$54.9K $25.12/SF
− OpEx
−$16.5K −$7.54/SF
NOI
$38.4K $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%
$768,400
Cap Rate 7%
$548,857
Cap Rate 9%
$426,889
Alternative Uses
Best Use
Multifamily LT 5
$548.9K
$480.3K – $640.3K
NOI $38,420 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$474.6K
$415.3K – $553.8K
NOI $33,225 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,527 @ 7.0% cap · market cap 27.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
646
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?
Duplex - Two residential units feature hardwood floors, individual stackable washer-dryer sets, and access to a shared wood deck.
Where is this duplex located?
The property is located at 6524 Ravendale Lane Dallas, TX.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 2,185 SF duplex with two residential units; Each unit offers 2 bd and 1 ba; Detached 3 car garage and backyard wood deck
