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Dallas Pair of Duplexes Exceeding the 1% Rule – $650k

2250/2254 Areba St Unit A&B, Dallas
ROI
20.04% IRR
Strategy
Long Term Rental
$7100 per month in rent across four fully occupied units puts this pair of Dallas duplexes comfortably above the 1% rule. Each unit is 2 bed, 1 bath, roughly 900 sqft, fully remodeled in 2021, and leased to long-term tenants averaging $1775 per door. The buildings sit on two separate lots near Downtown Dallas, Bishop Arts, Deep Ellum, Lower Greenville, Fair Park, and the Dallas Zoo, which helps support low vacancy and steady tenant demand. Seller prefers one buyer for both duplexes, but I think we can negotiate around $650k for the pair or $335k individually.

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Dallas Pair of Duplexes Exceeding the 1% Rule – $650k

Listed 05/15/2026

2250/2254 Areba St Unit A&B, Dallas

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$1,028/mo

Cap Rate:7.74%

IRR:20.04%

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