Build-to-Rent Duplex
7803 & 7805 Lost Mirage Drive, Dallas, TX 75232
MULTI_FAMILY - Dallas, TX
Property size:
3,420 SFLot size:
0.25 AcresPrice / SF:
$197/SF- Added:
- Jun 1, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 13 at 8:06 am
Property Features for 7803 & 7805 Lost Mirage Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 1, Bathroom 6
- Parking
- 4
- Parking features
- Garage, Open, Driveway
- Security features
- Security
- Interior features
- BuiltInFeatures, DecorativeDesignerLightingFixtures, DoubleVanity, EatInKitchen, GraniteCounters, KitchenIsland, OpenFloorplan, Pantry, PanelingWainscoting, CableTv, VaultedCeilings, NaturalWoodwork, WalkInClosets
- Fireplace
- 1
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave
- Standard status
- Active
- APN
- 00000750836360100
- Size
- 3,420 SF
- Lot size
- 0.25 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Fireplace(s), Electric (Heating)
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Tile, Vinyl
- Building materials
- Brick, FiberCement
- Roof type
- Shingle, Composition
Listing agent Antonio Everette License #0525846 (214) 335-1105
Listing office BSA Realty Dallas, TX (866) 456-4020
Listing date Jun 1, 2026
MLS# 21264202
Listing URL
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.
HighLights
- 12‑unit build‑to‑rent portfolio under construction: 6 newly built duplex buildings
- Each unit offers a 2‑story layout with 3 bedrooms, 2.5 bathrooms, and an attached 2‑car garage
- Phased delivery schedule: first two duplexes scheduled for completion in mid‑July 2026, with additional deliveries in consecutive phases
- New construction materials include brick and fiber cement; roof is composition/shingle
- Utilities: public water and public sewer
- Planned interiors include granite counters, kitchen island, pantry, walk‑in closets, and vaulted ceilings
Overview
This for-sale build-to-rent portfolio is newly constructed and designed for rental housing at scale. The offering includes six duplex buildings with 12 total units, where each unit features a two-story layout with three bedrooms and two and a half bathrooms. Every home also includes an attached two-car garage. The developer is delivering the project in phases, with the first two duplex buildings scheduled for completion in mid-July 2026, followed by additional deliveries in consecutive phases.
The portfolio is located at 7803 & 7805 Lost Mirage Drive in Dallas, Texas 75232 within Dallas County. The project is positioned for tenants seeking workforce housing, with convenient access to major highways, employment centers, and Downtown Dallas described in the offering materials.
For investors looking for new-construction rental product, this portfolio offers a straightforward operating profile with minimal deferred maintenance associated with a newly built asset. The phased timeline can support structured acquisition planning, while the duplex configuration provides flexibility and diversification within a single ownership group of 12 units. The development is presented as an opportunity to secure scale in an infill market with limited new-construction rental inventory.
The portfolio is located at 7803 & 7805 Lost Mirage Drive in Dallas, Texas 75232 within Dallas County. The project is positioned for tenants seeking workforce housing, with convenient access to major highways, employment centers, and Downtown Dallas described in the offering materials.
For investors looking for new-construction rental product, this portfolio offers a straightforward operating profile with minimal deferred maintenance associated with a newly built asset. The phased timeline can support structured acquisition planning, while the duplex configuration provides flexibility and diversification within a single ownership group of 12 units. The development is presented as an opportunity to secure scale in an infill market with limited new-construction rental inventory.
Local 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 | $95.6k | $27.96 |
| − Vacancy | −$9.7k | −$2.84 |
| EGI | $85.9k | $25.12 |
| − OpEx | −$25.8k | −$7.54 |
| NOI | $60.1k | $17.58 |
3,420 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.1K
$751.7K – $1.00M
NOI $60,136 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$742.9K
$650.1K – $866.8K
NOI $52,005 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,260 @ 7.0% cap · market cap 42.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.845805
- Latitude
- 32.653344
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - New 12-unit build-to-rent duplex portfolio with attached two-car garages and phased delivery beginning mid-July 2026.
Where is this duplex located?
The property is located at 7803 & 7805 Lost Mirage Drive Dallas, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 12‑unit build‑to‑rent portfolio under construction: 6 newly built duplex buildings; Each unit offers a 2‑story layout with 3 bedrooms, 2.5 bathrooms, and an attached 2‑car garage; Phased delivery schedule: first two duplexes scheduled for completion in mid‑July 2026, with additional deliveries in consecutive phases
