Three-Story Condo Income
2147 Mail Avenue, Dallas, TX 75235
MULTI_FAMILY - Dallas, TX
Property size:
7,883 SFLot size:
0.17 AcresPrice / SF:
$275/SF- Added:
- May 13, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 4 at 10:06 pm
Property Features for 2147 Mail Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 10
- Bathrooms
- 15
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 5, Bathroom 8, Bathroom 10, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 13, Bedroom 10, Bedroom 5, Bedroom 8, Bathroom 11, Bedroom 9, Bathroom 6, Bathroom 15, Bathroom 9, Bathroom 1, Bathroom 14, Bathroom 12, Bedroom 7, Bathroom 7
- Parking
- 10
- Parking features
- Open, Garage
- Interior features
- BuiltInFeatures, Chandelier, DecorativeDesignerLightingFixtures, DoubleVanity, HighSpeedInternet, InLawFloorplan, KitchenIsland, OpenFloorplan, CableTv, VaultedCeilings, WalkInClosets
- Exterior features
- Balcony, Lighting, PrivateEntrance
- Appliances
- SomeGasAppliances, Dishwasher, Disposal, GasRange, GasWaterHeater, PlumbedForGas
- Standard status
- Active
- APN
- 00000335095000000
- Size
- 7,883 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- HOODS J T LOT 17 MAIL
- Tax Annual Amount
- 8127
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Vinyl, Tile
- Building materials
- Frame, MetalSiding, WoodSiding
Listing agent Mabel Banda License #0637169 (832) 320-2017
Listing office Douglas Elliman Real Estate Houston, TX (469) 273-1431
Listing date May 13, 2026
MLS# 21221042
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction, 2026 three‑story condo with central heating and central air
- 5‑unit condo community at 2147 Mail Avenue
- Second‑floor open‑concept living with vaulted ceilings and high‑speed internet
- Kitchen features an oversized island, gas range, dishwasher, disposal, and plumbed‑for‑gas
- Primary suite includes double vanity, walk‑in closet, and oversized walk‑in shower
- Flex room with closet on first level plus private entrance and private balcony
Overview
Welcome to 2147 Mail Avenue, a brand-new collection of modern three-story condos built to balance style and everyday functionality. This five-unit condo community features a versatile flex room on the first level with a closet, offering flexibility for an office, lounge, or guest space. The second floor is designed for open living, with high ceilings and an abundance of natural light that flows into a seamless open-concept layout. The kitchen is positioned as the centerpiece, with custom cabinetry, an oversized island, and access to a private balcony. On the third level, bedrooms are arranged with the primary suite delivering a double vanity, a walk-in closet, and an oversized walk-in shower.
The property is located at 2147 Mail Avenue in Dallas, Texas (75235). The listing also notes that 2147 Mail Avenue and 2151 Mail Avenue may be acquired together, creating a two-property, ten-unit portfolio opportunity.
For investors seeking a newer, income-producing multifamily asset with modern unit design and flexible interior layouts, this condo community provides an attractive configuration. For buyers evaluating portfolio performance, the ability to acquire both addresses together may support stronger cash flow potential through increased unit count.
The property is located at 2147 Mail Avenue in Dallas, Texas (75235). The listing also notes that 2147 Mail Avenue and 2151 Mail Avenue may be acquired together, creating a two-property, ten-unit portfolio opportunity.
For investors seeking a newer, income-producing multifamily asset with modern unit design and flexible interior layouts, this condo community provides an attractive configuration. For buyers evaluating portfolio performance, the ability to acquire both addresses together may support stronger cash flow potential through increased unit count.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.1k | $30.96 |
| − Vacancy | −$26.1k | −$3.31 |
| EGI | $217.9k | $27.65 |
| − OpEx | −$98.1k | −$12.44 |
| NOI | $119.9k | $15.21 |
7,883 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,869 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.46M
$8.28M – $11.04M
NOI $662,127 @ 7.0% cap · market cap 30.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.856143
- Latitude
- 32.830408
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - New construction five-unit condo community offers modern layouts and income potential in Dallas.
Where is this apartment building located?
The property is located at 2147 Mail Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: New construction, 2026 three‑story condo with central heating and central air; 5‑unit condo community at 2147 Mail Avenue; Second‑floor open‑concept living with vaulted ceilings and high‑speed internet
