Two-Unit Duplex with Central
For Sale
$344,000
Pending
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
Days on Market250
Property Features for 7909 Wanebe Drive
General Information
Standard status
Pending
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
Listed By:
Joseph Garcia · License #0563138
(214) 725-3348
Source:
Compass
Added: Feb 7
Changed: Sep 13
Last Checked: Oct 12 at 10:34PM
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 / Yr
$21,821
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
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
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 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 6.34%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.5K
NOI $18,871 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,237 @ 7.0% cap · market cap 30.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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 $344,000.
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
