Fully Leased Duplex
For Sale
$549,000
9522 Ash Creek Dr, Dallas, TX 75228
Turnkey duplex with both sides currently leased, offering private outdoor space for each unit.
Property Size2,604 SF
Price / SF$210.83
Days on Market101
Property Features for 9522 Ash Creek Dr
General Information
Standard status
Active
Size
2,604 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Reinhardt
Additional Details
Multifamily Units
2
Building Details
Year Built
1954
Listing Agency:
Dave Perry Miller Real Estate
Listed By:
Rhoni Golden · License #0730261
(214) 552-5555
Source:
Thebryandavisgroup
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 26 at 7:55PM
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 Dave Perry Miller Real Estate
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Investment Insights
Based on property information with market context.
This full duplex is presented as a plug-and-play rental, with both sides currently leased. Each unit includes a functional, livable layout with comfortable living areas, practical kitchens, well-sized bedrooms, and private outdoor space.
The property is located at 9522 Ash Creek Drive in the 75228 area of East Dallas, with quick access to major thoroughfares. The surrounding area provides access to White Rock Lake as well as shopping and dining.
With income already in place and no tenant placement required, the duplex offers a straightforward option for an investor seeking steady rental operations.
The property is located at 9522 Ash Creek Drive in the 75228 area of East Dallas, with quick access to major thoroughfares. The surrounding area provides access to White Rock Lake as well as shopping and dining.
With income already in place and no tenant placement required, the duplex offers a straightforward option for an investor seeking steady rental operations.
Key Highlights
- 1954‑built full duplex in East Dallas (75228) with both sides currently leased.
- Immediate rental income with both units occupied and leased.
- Each unit features a practical, livable layout with comfortable living areas and well‑sized bedrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,787
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,740
$915.7K
Cap Rate 7%
$654,100
$654.1K
Cap Rate 9%
$508,744
$508.7K
Market Conditions
NOI Build-Up for 2,604 SF
Gross rent
$72.8K $27.96/SF
− Vacancy
−$7.4K −$2.84/SF
EGI
$65.4K $25.12/SF
− OpEx
−$19.6K −$7.54/SF
NOI
$45.8K $17.58/SF
Area
ZIP 75228
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%
$915,740
Cap Rate 7%
$654,100
Cap Rate 9%
$508,744
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.3K – $763.1K
NOI $45,787 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$565.7K
$495.0K – $659.9K
NOI $39,596 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$2.85M
$2.49M – $3.33M
NOI $199,516 @ 7.0% cap · market cap 36.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 75228, TX
68,219
Population
27,329
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
11.4 sq mi
ZIP Area
5,984
Density / Sq Mi
$59,617
Median Household Income
$36,862
Median Earnings
$1,196
Median Rent
$259,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with both sides currently leased, offering private outdoor space for each unit.
Where is this duplex located?
The property is located at 9522 Ash Creek Dr Dallas, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1954‑built full duplex in East Dallas (75228) with both sides currently leased.; Immediate rental income with both units occupied and leased.; Each unit features a practical, livable layout with comfortable living areas and well‑sized bedrooms.
