Log In/Sign Up
Your email has been sent.
15545 El Estado Dr 4 Unit Apartment Building $1,170,000 ($292,500/Unit) 6.25% Cap Rate Dallas, TX 75248
Investment Highlights
- Two full duplexes with a total of four units, each offering 3 bedrooms and 2 full bathrooms for versatile living arrangements.
- Updated finishes in the available unit, featuring vinyl plank flooring, new bedroom carpeting, modern kitchen enhancements, and stainless steel applia
- Each residence includes a private fenced back patio and a detached two-car carport with enclosed storage space.
- Three units currently tenant-occupied with steady income potential; one unit recently updated and move-in ready.
- Functional two-story layout with one bedroom and full bath downstairs, plus two bedrooms and a second full bath upstairs for privacy and convenience.
- Highly desirable North Dallas location zoned to Richardson ISD, with close proximity to UT Dallas, major retail, dining, and key commuting corridors.
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 | Building Class | B |
| Price Per Unit | $292,500 | Lot Size | 0.22 AC |
| 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 |
| Property Subtype | Apartment |
| 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 |
| Lot Size | 0.22 AC |
| 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
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00000799333000000 | Improvements Assessment | $382,840 (2025) |
| Land Assessment | $90,000 (2025) | Total Assessment | $472,840 (2025) |
Property Taxes
Parcel Number
00000799333000000
Land Assessment
$90,000 (2025)
Improvements Assessment
$382,840 (2025)
Total Assessment
$472,840 (2025)
1 of 29
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
15545 El Estado Dr