Furnished Two-Unit
New
For Sale
$739,900
7428 Walling Lane, Dallas, TX 75231
Distinct floor plans have individual unit entries, and existing furnishings and appliances are included in the sale.
Property Size2,679 SF
Days on Market3
Property Features for 7428 Walling Lane
General Information
Standard status
Active
Size
2,679 SF
Total Parking Spaces
4
Property subtype
Duplex
Site & Location
Neighborhood
University Terrace
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$14,702
Building Details
Building Size
2,679 SF
Year Built
1963
Buildings
1
Listing Agency:
Realty One Group Forward Living
Listed By:
Linnea Lavell · License #0515179
(214) 280-5900
Source:
Nilesrealtygroup
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 26 at 1:35PM
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 Realty One Group Forward Living
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Investment Insights
Based on property information with market context.
This 2,679-square-foot duplex, built in 1963, contains two residences: one with three bedrooms and two bathrooms, and another with two bedrooms and one bathroom. Both units are reached through a shared main entrance area, then accessed through separate private entries. Existing furniture and appliances convey with the property.
Each residence has its own detached two-car garage, providing four garage spaces in total. The property is in Dallas, with nearby retail and dining at The Shops at Park Lane, NorthPark Center, and The Hill. White Rock Lake and the Dallas Arboretum are also nearby, and Downtown Dallas is accessible for additional dining, arts, and entertainment.
Each residence has its own detached two-car garage, providing four garage spaces in total. The property is in Dallas, with nearby retail and dining at The Shops at Park Lane, NorthPark Center, and The Hill. White Rock Lake and the Dallas Arboretum are also nearby, and Downtown Dallas is accessible for additional dining, arts, and entertainment.
Key Highlights
- 2,679‑square‑foot duplex built in 1963
- Two residences: one with 3 bedrooms and 2 bathrooms; one with 2 bedrooms and 1 bathroom
- Each unit has a separate private entry off a shared main entrance area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,106
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,120
$942.1K
Cap Rate 7%
$672,943
$672.9K
Cap Rate 9%
$523,400
$523.4K
Market Conditions
NOI Build-Up for 2,679 SF
Gross rent
$74.9K $27.96/SF
− Vacancy
−$7.6K −$2.84/SF
EGI
$67.3K $25.12/SF
− OpEx
−$20.2K −$7.54/SF
NOI
$47.1K $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%
$942,120
Cap Rate 7%
$672,943
Cap Rate 9%
$523,400
Alternative Uses
Best Use
Multifamily LT 5
$672.9K
$588.8K – $785.1K
NOI $47,106 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$582.0K
$509.2K – $679.0K
NOI $40,737 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $225,021 @ 7.0% cap · market cap 30.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Distinct floor plans have individual unit entries, and existing furnishings and appliances are included in the sale.
Where is this duplex located?
The property is located at 7428 Walling Lane Dallas, TX.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 2,679‑square‑foot duplex built in 1963; Two residences: one with 3 bedrooms and 2 bathrooms; one with 2 bedrooms and 1 bathroom; Each unit has a separate private entry off a shared main entrance area
