Two-Unit Duplex with Private
New
For Sale
$710,000
7422-7424 Walling Lane, Dallas, TX 75231
Tenant-occupied duplex with updated kitchens, private outdoor areas, and assigned garage parking for each residence.
Property Size2,696 SF
Days on Market4
Property Features for 7422-7424 Walling Lane
General Information
Standard status
Active
Size
2,696 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fireplace
built-in shelves
upgraded backsplash
breakfast bar
laminate floors
walk-in closets
fenced backyards
private patios
covered patio
private driveway
electric retractable fence
in-unit washer/dryer
Building Details
Building Size
2,696 SF
Year Built
1964
Buildings
1
Listing Agency:
Fathom Realty LLC
(888) 455-6040
Listed By:
Lynetta Noel
Source:
Nilesrealtygroup
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 5 at 4:01AM
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 Fathom Realty LLC
Investment Insights
Based on property information with market context.
This 1964-built duplex includes two separate residences, with each offering two bedrooms, two full bathrooms, a formal living room, dining area, den with fireplace and built-in shelving, and an eat-in kitchen with a breakfast bar. Kitchen appliances include refrigerators, microwaves, stovetops, ovens, and dishwashers, while stackable washers and dryers are also provided. Laminate flooring, walk-in closets with built-ins, fenced backyards, and private patios serve both units.
Unit 7422 has a covered patio, rear private driveway, and electric retractable fence. Unit 7424 includes its own patio and private yard. The two-car garage is divided with one assigned side per residence. The property is tenant occupied, and showings require 48 hours’ notice. White Rock Lake and a DART Rail Station are within walking distance.
Unit 7422 has a covered patio, rear private driveway, and electric retractable fence. Unit 7424 includes its own patio and private yard. The two-car garage is divided with one assigned side per residence. The property is tenant occupied, and showings require 48 hours’ notice. White Rock Lake and a DART Rail Station are within walking distance.
Key Highlights
- Two‑unit duplex built in 1964
- Each unit includes 2 bedrooms and 2 full bathrooms
- Formal living and dining areas plus a den with fireplace in each unit
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 | $75.4k | $27.96 |
| − Vacancy | −$7.7k | −$2.84 |
| EGI | $67.7k | $25.12 |
| − OpEx | −$20.3k | −$7.54 |
| NOI | $47.4k | $17.58 |
2,696 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$677.2K
$592.6K – $790.1K
NOI $47,405 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$585.6K
$512.4K – $683.3K
NOI $40,995 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,448 @ 7.0% cap · market cap 31.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 75231, TX
40,754
Population
21,412
Households
1.9
Avg Household Size
32
Median Age
39%
College-Educated
82%
High-School Grad
5.5 sq mi
ZIP Area
7,410
Density / Sq Mi
$54,884
Median Household Income
$40,100
Median Earnings
$1,220
Median Rent
$466,200
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 - Tenant-occupied duplex with updated kitchens, private outdoor areas, and assigned garage parking for each residence.
Where is this duplex located?
The property is located at 7422-7424 Walling Lane Dallas, TX.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1964; Each unit includes 2 bedrooms and 2 full bathrooms; Formal living and dining areas plus a den with fireplace in each unit
