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Fully leased
Oak Cliff Duplex
Oak Cliff, Dallas, TX · Duplex
About this duplex
This is a 2008 duplex in Oak Cliff: two side-by-side townhome units of about 1,520 square feet each. Each has three bedrooms, two and a half baths and its own one-car garage, and both are leased at $2,350 a month. Leases end in April and October, so you won’t face a vacancy cliff in one month. Each unit has its own electric meter and the owner pays water. The roof was replaced in 2021 and each unit has its own air handler from 2020. The lot is 0.14 acre with a shared drive, which matters here because street parking gets tight near Bishop Arts. The streetcar is a short walk away. At $565K it prices out to a 6.3% cap rate on our standard assumptions, and it should cash flow about $200 a month after a mortgage on $423,750.
Returns
Returns at this price
- Gross rent a year: $56,400
- Vacancy at 5%: $2,820
- Operating costs: $18,220
- Net operating income: $35,360
- Cap rate: 6.3%
- Cash flow after mortgage: +$200 a month
Operating costs are taxes of $11,300, insurance of $2,900 and repairs and management of $4,020, and the mortgage is about $2,750 a month on $423,750 at 6.75% for 30 years.
Assumes 25% down at 6.75% for 30 years, 5% vacancy and 34% operating costs.
The duplex at a glance
- Units: Two 3-bed, 2.5-bath townhomes
- Size: 3,040 sq ft, about 1,520 each
- Built: 2008
- Lot: 0.14 acre
- Parking: One garage per unit, shared drive
- Systems: Roof 2021, air handlers 2020
Leases and utilities
- Occupancy: Both units leased
- Rent per unit: $2,350 a month
- Leases end: April and October
- Electric: Separate meters
- Water: Owner pays
Recent sales nearby
- Clinton Avenue duplex · May 2026 · $549K
- Tyler Street duplex · February 2026 · $588K
- Zang Boulevard townhome pair · November 2025 · $615K
Three duplex sales within a mile in the last 12 months, from $549K to $615K. Your price sits in the lower half of that range.
Oak Cliff for a landlord
Oak Cliff has stayed popular with renters because it sits ten minutes from downtown Dallas without downtown rents. Three-bedroom townhome units like these rent near $2,350 a month. Demand comes from nurses at the nearby hospital, restaurant and gallery workers from the Bishop Arts District, and commuters who want the streetcar to Union Station. Zang Boulevard and Jefferson Boulevard carry most of the daily traffic, and Interstate 35E is close for drivers heading north or south. Tenants here tend to renew, which keeps turnover costs down.
- Bishop Arts District, 6 minutes
- Methodist Dallas Medical Center, 5 minutes
- Downtown Dallas, 12 minutes
- Dallas Love Field, 20 minutes
Your advisor
“I’ve walked both units. Ask me for the leases, the water bills and the 2021 roof invoice and I’ll send them the same day.”
Ask Tomas about this duplex
Other rentals to compare
New listing
Houston Heights, Houston
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Returns
- Rent $3,200 a month
- Cap rate 6.2%
- Cash flow +$120 a month
Assumes 25% down at 6.75% for 30 years, 5% vacancy and 33% operating costs.
Price reduced
Short North, Columbus
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Returns
- Rent $6,900 a month
- Cap rate 6.5%
- Cash flow +$400 a month
Assumes 25% down at 6.75% for 30 years, 5% vacancy and 36% operating costs.
Tenants in place
Westport, Kansas City
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Returns
- Rent $12,800 a month
- Cap rate 6.7%
- Cash flow +$970 a month
Assumes 25% down at 6.75% for 30 years, 5% vacancy and 40% operating costs.
Want to see it in person?
Tomas can walk you through both units this week. Bring your lender’s numbers and we’ll check them against ours.