Three-Story Duplex with Rooftop
For Sale
$1,239,900
918-920 Duluth Street, Dallas, TX 75212
Contemporary duplex with open living areas, skyline views, and convenient access to Downtown Dallas and Trinity Groves.
Property Size6,746 SF
Price / SF$183.80
Days on Market159
Property Features for 918-920 Duluth Street
General Information
Standard status
Active
Size
6,746 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Full Duplex
Additional Details
Highway Access
Yes
Amenities
rooftop terrace
Ceiling Fan(s), Electric
Electric, Fireplace(s)
Luxury Vinyl Plank
Dishwasher, Disposal, Electric Cooktop, Double Oven, Refrigerator, Vented Exhaust Fan
1
Chandelier, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Sound System Wiring, Vaulted Ceiling(s), Walk-In Closet(s)
Electric
Yes
Concrete, Flat
Three Or More
No
3
Pillar/Post/Pier
Plans
2
Fiber Cement, Stucco
Building Details
Year Built
2026
Buildings
2
Stories
3
Listing Agency:
WILLIAM DAVIS REALTY
Listed By:
Allena Sazmand · License #0481808
(469) 939-6634
Source:
Compass
Added: Mar 28
Changed: Sep 2
Last Checked: Aug 31 at 2:58AM
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 WILLIAM DAVIS REALTY
Investment Insights
Based on property information with market context.
Completed in 2026, this three-story duplex combines a contemporary interior with private outdoor space. The residence includes 3 bedrooms and 3.5 bathrooms, along with an open arrangement connecting the living, dining, and kitchen areas. Natural light, luxury vinyl plank flooring, vaulted ceilings, granite counters, a kitchen island, pantry, walk-in closets, and a fireplace add functional and visual appeal. The kitchen is equipped with a dishwasher, disposal, electric cooktop, double oven, refrigerator, and vented exhaust fan.
A private rooftop terrace provides an elevated setting with views toward the Downtown Dallas skyline. The property is located at 918-920 Duluth Street in Dallas, near the Trinity Groves dining and entertainment district, restaurants, shopping, parks, and major highways. An elevator is available as an optional addition.
A private rooftop terrace provides an elevated setting with views toward the Downtown Dallas skyline. The property is located at 918-920 Duluth Street in Dallas, near the Trinity Groves dining and entertainment district, restaurants, shopping, parks, and major highways. An elevator is available as an optional addition.
Key Highlights
- Three‑story duplex completed in 2026
- 3 bedrooms and 3.5 bathrooms
- Private rooftop terrace with Downtown Dallas skyline views
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
$102,580
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
8.27%
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%
$2,051,600
$2.1M
Cap Rate 7%
$1,465,429
$1.5M
Cap Rate 9%
$1,139,778
$1.1M
Market Conditions
NOI Build-Up for 6,746 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
$208.9K $30.96/SF
− Vacancy
−$22.3K −$3.31/SF
EGI
$186.5K $27.65/SF
− OpEx
−$83.9K −$12.44/SF
NOI
$102.6K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$2,051,600
Cap Rate 7%
$1,465,429
Cap Rate 9%
$1,139,778
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.98M
NOI $118,618 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,580 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$8.09M
$7.08M – $9.44M
NOI $566,625 @ 7.0% cap · market cap 45.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
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 - Contemporary duplex with open living areas, skyline views, and convenient access to Downtown Dallas and Trinity Groves.
Where is this duplex located?
The property is located at 918-920 Duluth Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,239,900.
What are key features of this property?
This property features: Three‑story duplex completed in 2026; 3 bedrooms and 3.5 bathrooms; Private rooftop terrace with Downtown Dallas skyline views
