Updated Duplex with Central
For Sale
$399,999
812 Centre Street, Dallas, TX 75208
Updated plumbing and electrical support a practical layout with on-site parking.
Property Size1,718 SF
Price / SF$232.83
Days on Market181
Property Features for 812 Centre Street
General Information
Standard status
Active
Size
1,718 SF
Property subtype
Residential / Single Family Residence
Additional Details
Multifamily Units
2
Amenities
Bedroom-2nd Primary, 1, 9.00, 11.00, Ceiling Fan(s), 11 x 9
Living Room, 1, 15.00, 12.00, 12 x 15
Dining Room, 1, 15.00, 12.00, 12 x 15
Bedroom, 1, 12.00, 18.00, 18 x 12
Bath-Full, 1, 9.00, 11.00, Dual Sinks, 11 x 9
Bedroom-Primary, 1, 11.00, 12.00, Ceiling Fan(s), 12 x 11
Bedroom, 1, 10.00, 9.00, 9 x 10
Kitchen, 1, 14.00, 6.00, 6 x 14
Bath-Full, 1, 4.00, 9.00, 9 x 4
Kitchen, 1, 12.00, 12.00, 12 x 12
Living Room, 1, 15.00, 12.00, Ceiling Fan(s), 12 x 15
Dining Room, 1, 13.00, 31.00, 31 x 13
Bedroom, 1, 14.00, 9.00, Ceiling Fan(s), 9 x 14
Bath-Primary, 1, 9.00, 9.00, Dual Sinks, 9 x 9
Laundry, 1, 7.00, 9.00, 9 x 7
Ceiling Fan(s), Central Air
Central
No
Ceramic Tile, Hardwood, Laminate
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
2200.0
Bath-Full-1-1, Bath-Full-1-2, Bath-Primary-1-1, Kitchen-1-1, Kitchen-1-2, Living Room-1-1, Living Room-1-2, Dining Room-1-1, Dining Room-1-2, Laundry-1-1, Bedroom-2nd Primary-1-1, Bedroom-Primary-1-1, Master Bedroom-1-1, Bedroom-1-1, Bedroom-1-2, Bedroom-1-3
Electric Dryer Hookup, Utility Room, Full Size W/D Area
Other
2
One and One Half
Bath-Full, Bath-Primary, Kitchen, Living Room, Dining Room, Laundry, Bedroom-2nd Primary, Bedroom-Primary, Master Bedroom, Bedroom
Pillar/Post/Pier
Wood
Building Details
Year Built
1925
Listing Agency:
Avangard Real Estate Serv.
Listed By:
Norma Lopez Valverde · License #0794168
(817) 729-6017
Source:
Compass
Added: Mar 6
Changed: Sep 3
Last Checked: Sep 2 at 11:35PM
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 Avangard Real Estate Serv.
Investment Insights
Based on property information with market context.
This duplex provides 1,718 square feet of residential space across a functional layout with multiple bedrooms and bathrooms. Interior details include bright living areas, well-sized kitchens, ample storage, ceramic tile, laminate and wood flooring, granite counters, decorative lighting, and central air. The kitchens include dishwashers, disposals, electric ovens, and electric ranges. Plumbing and electrical systems have been updated, while the roof and HVAC were replaced less than three years ago.
Built in 1925, the property offers generous on-site parking for residents and guests. It is located near shopping centers and restaurants, less than 5 minutes from the Bishop Arts District and 20 minutes from Downtown Dallas and the Design District.
Built in 1925, the property offers generous on-site parking for residents and guests. It is located near shopping centers and restaurants, less than 5 minutes from the Bishop Arts District and 20 minutes from Downtown Dallas and the Design District.
Key Highlights
- Duplex with 1,718 square feet of residential space
- Updated plumbing and electrical systems
- Roof and HVAC replaced less than three years ago
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
$30,208
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
7.55%
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%
$604,160
$604.2K
Cap Rate 7%
$431,543
$431.5K
Cap Rate 9%
$335,644
$335.6K
Market Conditions
NOI Build-Up for 1,718 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
$48.0K $27.96/SF
− Vacancy
−$4.9K −$2.84/SF
EGI
$43.2K $25.12/SF
− OpEx
−$12.9K −$7.54/SF
NOI
$30.2K $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%
$604,160
Cap Rate 7%
$431,543
Cap Rate 9%
$335,644
Alternative Uses
Best Use
Multifamily LT 5
$431.5K
$377.6K – $503.5K
NOI $30,208 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$373.2K
$326.6K – $435.4K
NOI $26,124 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,302 @ 7.0% cap · market cap 36.08%
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
2,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
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 - Updated plumbing and electrical support a practical layout with on-site parking.
Where is this duplex located?
The property is located at 812 Centre Street Dallas, TX.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Duplex with 1,718 square feet of residential space; Updated plumbing and electrical systems; Roof and HVAC replaced less than three years ago
