Two-Unit Duplex with Central
For Sale
$359,000
7909 Wanebe Drive, Dallas, TX 75235
Each residence offers one bedroom, one bath, and an eat-in kitchen with included appliances.
Property Size1,241 SF
Price / SF$289.28
Days on Market223
Property Features for 7909 Wanebe Drive
General Information
Standard status
Active
Size
1,241 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,350
Amenities
Central Air
Central, Electric
Carpet, Ceramic Tile
Electric Range, Refrigerator
Eat-in Kitchen
No
Composition
One
Chain Link
1
Pillar/Post/Pier
Assessor
2
Block
Building Details
Year Built
1943
Buildings
1
Listing Agency:
Elite Living Realty
(214) 725-3348
Listed By:
Joseph Garcia · License #0563138
(214) 725-3348
Source:
Compass
Added: Jan 19
Changed: Aug 30
Last Checked: Aug 30 at 1:11PM
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 Elite Living Realty
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,241 square feet and was built in 1943. Each side is configured with one bedroom and one bathroom, along with an eat-in kitchen, central air, an electric range, and a refrigerator. Interior finishes include carpet and ceramic tile. The property has been recently leased.
Located at 7909 Wanebe Drive in Dallas, the duplex is near Love Field, the Medical District, and major highways. The surrounding area includes new townhome development, providing established residential context for the property.
Located at 7909 Wanebe Drive in Dallas, the duplex is near Love Field, the Medical District, and major highways. The surrounding area includes new townhome development, providing established residential context for the property.
Key Highlights
- Two‑unit duplex with 1,241 square feet
- Each unit includes 1 bedroom and 1 bathroom
- Central air serves both sides
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,420
$436.4K
Cap Rate 7%
$311,729
$311.7K
Cap Rate 9%
$242,456
$242.5K
Market Conditions
NOI Build-Up for 1,241 SF
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.
Gross rent
$34.7K $27.96/SF
− Vacancy
−$3.5K −$2.84/SF
EGI
$31.2K $25.12/SF
− OpEx
−$9.4K −$7.54/SF
NOI
$21.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,420
Cap Rate 7%
$311,729
Cap Rate 9%
$242,456
Alternative Uses
Best Use
Multifamily LT 5
$311.7K
$272.8K – $363.7K
NOI $21,821 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.5K
NOI $18,871 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,237 @ 7.0% cap · market cap 29.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 75235, TX
19,153
Population
9,983
Households
1.9
Avg Household Size
33
Median Age
45%
College-Educated
77%
High-School Grad
6.7 sq mi
ZIP Area
2,859
Density / Sq Mi
$60,817
Median Household Income
$43,700
Median Earnings
$1,631
Median Rent
$283,000
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 - Each residence offers one bedroom, one bath, and an eat-in kitchen with included appliances.
Where is this duplex located?
The property is located at 7909 Wanebe Drive Dallas, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,241 square feet; Each unit includes 1 bedroom and 1 bathroom; Central air serves both sides
