Duplex with Private
For Sale
$695,000
7422-7424 Walling Ln, Dallas, TX 75231
Tenant-occupied two-unit property with furnished kitchens, fenced outdoor areas, and assigned garage parking.
Property Size2,696 SF
Price / SF$257.79
Days on Market60
Property Features for 7422-7424 Walling Ln
General Information
Standard status
Active
Size
2,696 SF
Property subtype
Multi-Family
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
electric retractable fence
Building Details
Year Built
1964
Listing Agency:
Fathom Realty LLC
Listed By:
Lynetta Noel
(888) 455-6040
Source:
Tonyaharbin
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 7 at 4:15PM
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 2,696-square-foot duplex, built in 1964, includes two residences with matching two-bedroom, two-bathroom layouts. Each side offers a formal living room, dining room, den with fireplace and built-in shelving, breakfast bar, walk-in closets with built-ins, and laminate flooring. Kitchen appliances include a refrigerator, microwave, stovetop, oven, dishwasher, stackable washer, and dryer.
Outdoor features include fenced backyards and private patios for both units. Unit 7422 adds a covered patio, rear private driveway, and electric retractable fence, while Unit 7424 has its own patio and yard. Each residence is assigned one side of the two-car garage. The property is tenant occupied, and showings require 48 hours’ notice. White Rock Lake and a DART Rail Station are within walking distance.
Outdoor features include fenced backyards and private patios for both units. Unit 7422 adds a covered patio, rear private driveway, and electric retractable fence, while Unit 7424 has its own patio and yard. Each residence is assigned one side of the two-car garage. 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
- 2,696 SF duplex built in 1964
- Two 2‑bedroom, 2‑bathroom units totaling 4 bedrooms and 4 bathrooms
- Fenced backyards with private patios for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,405
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,100
$948.1K
Cap Rate 7%
$677,214
$677.2K
Cap Rate 9%
$526,722
$526.7K
Market Conditions
NOI Build-Up for 2,696 SF
Gross rent
$75.4K $27.96/SF
− Vacancy
−$7.7K −$2.84/SF
EGI
$67.7K $25.12/SF
− OpEx
−$20.3K −$7.54/SF
NOI
$47.4K $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 Rate 5%
$948,100
Cap Rate 7%
$677,214
Cap Rate 9%
$526,722
Alternative Uses
Best Use
Multifamily LT 5
$677.2K
$592.6K – $790.1K
NOI $47,405 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$585.6K
$512.4K – $683.3K
NOI $40,995 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,448 @ 7.0% cap · market cap 32.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
254
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 two-unit property with furnished kitchens, fenced outdoor areas, and assigned garage parking.
Where is this duplex located?
The property is located at 7422-7424 Walling Ln Dallas, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,696 SF duplex built in 1964; Two 2‑bedroom, 2‑bathroom units totaling 4 bedrooms and 4 bathrooms; Fenced backyards with private patios for both residences
