Modern Two-Unit
New
For Sale
$1,120,000
911-913 Muncie Avenue, Dallas, TX 75212
Two residences offer open layouts, modern finishes, private patios, and premium kitchen appliances.
Property Size4,284 SF
Days on Market5
Property Features for 911-913 Muncie Avenue
General Information
Standard status
Active
Size
4,284 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Building Size
4,284 SF
Year Built
2023
Listing Agency:
Standard Real Estate
Listed By:
Asuquo Mfon
(512) 789-5850
Source:
Nilesrealtygroup
Added: Sep 20
Changed: Sep 22
Last Checked: Sep 22 at 8:41PM
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 Standard Real Estate
Investment Insights
Based on property information with market context.
Built in 2023, this Dallas duplex contains two three-bedroom residences with open-concept living and dining areas. Both units feature contemporary finishes, tall windows, double sliding doors, gourmet kitchens with premium appliances, and private patios. One residence is leased, while the second is vacant, creating flexibility for an investor or an owner-occupant.
The property is located at 911-913 Muncie Avenue in Dallas, with access to Downtown Dallas, the Medical District, Bishop Arts District, NorthPark, and other major city attractions. The two-unit configuration supports separate residential living arrangements within a recently built property, while the combination of indoor living space and private outdoor areas adds functional versatility.
The property is located at 911-913 Muncie Avenue in Dallas, with access to Downtown Dallas, the Medical District, Bishop Arts District, NorthPark, and other major city attractions. The two-unit configuration supports separate residential living arrangements within a recently built property, while the combination of indoor living space and private outdoor areas adds functional versatility.
Key Highlights
- Two three‑bedroom residences in one duplex
- Built in 2023
- One residence leased and the other vacant
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
$75,328
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
6.73%
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%
$1,506,560
$1.5M
Cap Rate 7%
$1,076,114
$1.1M
Cap Rate 9%
$836,978
$837.0K
Market Conditions
NOI Build-Up for 4,284 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
$119.8K $27.96/SF
− Vacancy
−$12.2K −$2.84/SF
EGI
$107.6K $25.12/SF
− OpEx
−$32.3K −$7.54/SF
NOI
$75.3K $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%
$1,506,560
Cap Rate 7%
$1,076,114
Cap Rate 9%
$836,978
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.6K – $1.26M
NOI $75,328 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$930.6K
$814.3K – $1.09M
NOI $65,143 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$5.14M
$4.50M – $6.00M
NOI $359,831 @ 7.0% cap · market cap 32.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
Explore this area
Business Placement
Demographics for 75212, TX
27,329
Population
9,250
Households
3
Avg Household Size
31
Median Age
16%
College-Educated
62%
High-School Grad
10.0 sq mi
ZIP Area
2,733
Density / Sq Mi
$56,279
Median Household Income
$34,458
Median Earnings
$1,085
Median Rent
$204,200
Median Home Value
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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 - Two residences offer open layouts, modern finishes, private patios, and premium kitchen appliances.
Where is this duplex located?
The property is located at 911-913 Muncie Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Two three‑bedroom residences in one duplex; Built in 2023; One residence leased and the other vacant
