New Construction
New
For Sale
$1,450,000
6920 & 6922 Victoria Avenue, Dallas, TX 75209
ResidentialIncome, Dallas, TX
Property Size3,882 SF
Lot Size0.14 Acres
Price / SF$373.52
Days on Market2
Property Features for 6920 & 6922 Victoria Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 6
Parking
4
Parking features
Driveway
Interior features
DecorativeDesignerLightingFixtures, DoubleVanity, EatInKitchen, HighSpeedInternet, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
Fencing
Fenced
Appliances
SomeGasAppliances, Dishwasher, Disposal, GasRange, Microwave, PlumbedForGas, Refrigerator, TanklessWaterHeater
Subdivision
Lawson
Elementary school
Polk
Middle school
Medrano
High school
Jefferson
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
GPS friendly.
Standard status
Active
APN
00000223045000000
Size
3,882 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
WEBSTER & WOOD NORTHPARK BLK A/2593 LOT 3
Legal Description
WEBSTER & WOOD NORTHPARK BLK A/2593 LOT 3
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
retractable covered roof system
private security gate
Frigidaire Professional appliance package
spray foam attic insulation
tankless water heater
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile
Building materials
BoardAndBattenSiding, Stucco
Roof type
Shingle, Composition
Listing Agency:
Christie's Lone Star
(214) 821-3336
Listed By:
Courtney Tauriac
(214) 384-9338
Added: Sep 19
Last Checked: Sep 20 at 7:06AM
MLS# 21363856
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex at 6920 & 6922 Victoria Avenue comprises 3,882 square feet on a 0.1388-acre lot. The under-construction property is designed with open living areas, 10-foot ceilings on the first level, white oak flooring, smooth-finish walls, and 8-foot interior doors. The kitchen includes a Frigidaire Professional appliance package, island, pantry, gas range, dishwasher, disposal, microwave, and refrigerator. Each residence includes three bedrooms, three bathrooms, generous closet space, a mud room, and an attached garage.
Outdoor features include a large fenced backyard with a retractable covered roof system and room for a custom pool, along with a private security gate. Energy-related improvements include spray foam attic insulation, a tankless water heater, and Green-stamped construction standards. Public water and sewer serve the property, with central electric heating and cooling. The 2026 property is located near Bluffview, Devonshire, Inwood, and Lovers Lane in Dallas.
Outdoor features include a large fenced backyard with a retractable covered roof system and room for a custom pool, along with a private security gate. Energy-related improvements include spray foam attic insulation, a tankless water heater, and Green-stamped construction standards. Public water and sewer serve the property, with central electric heating and cooling. The 2026 property is located near Bluffview, Devonshire, Inwood, and Lovers Lane in Dallas.
Key Highlights
- 3,882‑square‑foot duplex on a 0.1388‑acre lot
- Two‑story design with six bedrooms and six bathrooms
- 10‑foot first‑floor ceilings, white oak flooring, and 8‑foot doors
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
$68,259
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
4.71%
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%
$1,365,180
$1.4M
Cap Rate 7%
$975,129
$975.1K
Cap Rate 9%
$758,433
$758.4K
Market Conditions
NOI Build-Up for 3,882 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
$108.5K $27.96/SF
− Vacancy
−$11.0K −$2.84/SF
EGI
$97.5K $25.12/SF
− OpEx
−$29.3K −$7.54/SF
NOI
$68.3K $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%
$1,365,180
Cap Rate 7%
$975,129
Cap Rate 9%
$758,433
Alternative Uses
Best Use
Multifamily LT 5
$975.1K
$853.2K – $1.14M
NOI $68,259 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$843.3K
$737.9K – $983.8K
NOI $59,030 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$4.66M
$4.08M – $5.43M
NOI $326,066 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 75209, TX
14,740
Population
7,498
Households
2
Avg Household Size
41
Median Age
70%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
4,211
Density / Sq Mi
$126,121
Median Household Income
$78,931
Median Earnings
$1,797
Median Rent
$837,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with modern finishes, private outdoor space, attached garage, and energy-conscious construction features.
Where is this duplex located?
The property is located at 6920 & 6922 Victoria Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,882‑square‑foot duplex on a 0.1388‑acre lot; Two‑story design with six bedrooms and six bathrooms; 10‑foot first‑floor ceilings, white oak flooring, and 8‑foot doors
