Newly Built Duplex
For Sale
$650,000
7803 & 7805 Lost Mirage Drive, Dallas, TX 75232
MULTI_FAMILY - Dallas, TX
Property Size3,420 SF
Lot Size0.25 Acres
Price / SF$190.06
Days on Market27
Property Features for 7803 & 7805 Lost Mirage Drive
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, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 6, Bathroom 1
Parking
4
Parking features
Open, Garage, 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
Subdivision
Mill Stream Addition
Lot features
Cleared, Greenbelt, Landscaped, Subdivision, Few Trees
Elementary school
Alexander
Middle school
Atwell
High school
Carter
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
GPS
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
Vinyl, Carpet, Tile
Building materials
Brick, FiberCement
Roof type
Composition, Shingle
Listing Agency:
BSA Realty
(866) 456-4020
Listed By:
Antonio Everette · License #0525846
(214) 335-1105
Added: Jul 5
Changed: Jul 29
Last Checked: Jul 31 at 2:06AM
MLS# 21264202
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 for-sale portfolio includes six newly constructed duplex buildings totaling 12 build-to-rent units. Each duplex contains two 3-bedroom, 2.5-bathroom residences with 2-story floorplans and attached 2-car garages. The project is being delivered in phases, with the first two duplexes scheduled for completion in mid-July 2026 and subsequent deliveries to follow in consecutive phases.
The development is located at 7803 & 7805 Lost Mirage Drive in Dallas, Texas (Dallas County). The offering is structured as an exclusive portfolio sale, intended to provide scale from a single new-construction source with phased timing.
For prospective investors or operators, this asset is designed around a consistent unit type across the portfolio, which can simplify leasing and property management once deliveries begin. With new construction and a defined completion schedule, it offers a turnkey path into workforce-oriented rental housing in an expanding area, while remaining focused on practical, low-deferred-maintenance characteristics associated with recently delivered product. Please contact the listing agent for available floorplans, construction timeline details, and portfolio pricing information.
The development is located at 7803 & 7805 Lost Mirage Drive in Dallas, Texas (Dallas County). The offering is structured as an exclusive portfolio sale, intended to provide scale from a single new-construction source with phased timing.
For prospective investors or operators, this asset is designed around a consistent unit type across the portfolio, which can simplify leasing and property management once deliveries begin. With new construction and a defined completion schedule, it offers a turnkey path into workforce-oriented rental housing in an expanding area, while remaining focused on practical, low-deferred-maintenance characteristics associated with recently delivered product. Please contact the listing agent for available floorplans, construction timeline details, and portfolio pricing information.
Key Highlights
- 12‑unit build‑to‑rent portfolio in Dallas, TX with six newly built duplex buildings
- Each unit offers 3 bedrooms and 2.5 bathrooms with a 2‑story floorplan
- Attached 2‑car garages for each unit plus driveway/open parking
Financial Insights For Apartment 5plus
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 | $105.9k | $30.96 |
| − Vacancy | −$11.3k | −$3.31 |
| EGI | $94.6k | $27.65 |
| − OpEx | −$42.5k | −$12.44 |
| NOI | $52.0k | $15.21 |
3,420 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.1K
$751.7K – $1.00M
NOI $60,136 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$742.9K
$650.1K – $866.8K
NOI $52,005 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,260 @ 7.0% cap · market cap 44.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 75232, TX
30,061
Population
11,421
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
78%
High-School Grad
8.8 sq mi
ZIP Area
3,416
Density / Sq Mi
$57,315
Median Household Income
$32,367
Median Earnings
$1,265
Median Rent
$207,000
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 - Twelve-unit build-to-rent duplex portfolio with attached garages and 2-story layouts, delivering in phased rounds.
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 $650,000.
What are key features of this property?
This property features: 12‑unit build‑to‑rent portfolio in Dallas, TX with six newly built duplex buildings; Each unit offers 3 bedrooms and 2.5 bathrooms with a 2‑story floorplan; Attached 2‑car garages for each unit plus driveway/open parking
