Five-Unit Multifamily
For Sale
$450,000
9605 Walnut St Unit 12106, Dallas, TX 75243
Fully leased one-bedroom units with established long-term tenancy near Richland College.
Property Size876 SF
Price / SF$513.70
Days on Market70
Property Features for 9605 Walnut St Unit 12106
General Information
Standard status
Active
Size
876 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
5 x 1BR
Multifamily Units
5
Building Details
Year Built
1983
Listing Agency:
Ashton Realty Inc.
Listed By:
Lionel Austin · License #0436338
(972) 822-1040
Source:
Tonyaharbin
Added: Aug 11
Changed: Oct 15
Last Checked: Oct 5 at 11:26PM
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 Ashton Realty Inc.
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Investment Insights
Based on property information with market context.
This multifamily offering includes five one-bedroom units at a complex built in 1983. All units are currently leased, with long-term tenants in place. The units may be acquired together or individually, providing flexibility for different acquisition strategies.
The property is located at 9605 Walnut St in Dallas, near Richland College. The offering includes units 12106, 12105, 1204, 12103, and 10104.
The property is located at 9605 Walnut St in Dallas, near Richland College. The offering includes units 12106, 12105, 1204, 12103, and 10104.
Key Highlights
- Five 1‑bedroom multifamily units
- 100% leased at the time of listing
- Long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,320
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,400
$266.4K
Cap Rate 7%
$190,286
$190.3K
Cap Rate 9%
$148,000
$148.0K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$27.1K $30.96/SF
− Vacancy
−$2.9K −$3.31/SF
EGI
$24.2K $27.65/SF
− OpEx
−$10.9K −$12.44/SF
NOI
$13.3K $15.21/SF
Area
ZIP 75243
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 Rate 5%
$266,400
Cap Rate 7%
$190,286
Cap Rate 9%
$148,000
Alternative Uses
Best Use
Apartment 5plus
$190.3K
$166.5K – $222.0K
NOI $13,320 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.8K
$839.0K – $1.12M
NOI $67,118 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 75243, TX
62,273
Population
31,577
Households
2
Avg Household Size
34
Median Age
34%
College-Educated
86%
High-School Grad
9.2 sq mi
ZIP Area
6,769
Density / Sq Mi
$50,357
Median Household Income
$33,760
Median Earnings
$1,226
Median Rent
$359,100
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?
Multifamily property - Fully leased one-bedroom units with established long-term tenancy near Richland College.
Where is this multifamily property located?
The property is located at 9605 Walnut St Unit 12106 Dallas, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five 1‑bedroom multifamily units; 100% leased at the time of listing; Long‑term tenants in place
