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15545 El Estado Dr 4 Unit Apartment Building $1,170,000 ($292,500/Unit) 6.25% Cap Rate Dallas, TX 75248
Executive Summary
Two full duplexes offering an excellent investment opportunity in a highly desirable North Dallas location. Each duplex features two spacious 3-bedroom, 2-bath residences with separate entrances, utilities, and private living spaces, providing flexibility and long-term value. Three of the units are tenant-occupied, and the fourth unit is move-in ready, showcasing vinyl flooring in the living areas, new carpet in the bedrooms, a refreshed kitchen with modern finishes and stainless steel appliances. One bedroom is located downstairs with convenient access to an updated full bathroom, while upstairs includes two additional bedrooms and a second full bathroom, creating a practical and well-balanced floor plan. Each unit also has a private, fenced back patio and detached 2-car carport with storage. Both properties are zoned to highly sought-after Richardson ISD, and conveniently located near UT Dallas, shopping, dining, and major commuting routes.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,170,000 | Property Subtype | Apartment |
| Price Per Unit | $292,500 | Building Class | B |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 6.25% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Price | $1,170,000 |
| Price Per Unit | $292,500 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 3,000 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1967 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | - | 1,504 |
1 1
Walk Score®
Very Walkable (79)
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Contact the Sale Advisor
15545 El Estado Dr
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