New Three-Story 5-Unit Condo
2151 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:
- 28
- Last Refresh:
- Jun 9 at 11:06 am
Property Features for 2151 Mail Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 10
- Bathrooms
- 15
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 9, Bathroom 9, Bathroom 12, Bathroom 1, Bedroom 10, Bathroom 10, Bedroom 3, Bedroom 8, Bathroom 11, Bedroom 4, Bathroom 13, Bedroom 6, Bathroom 3, Bathroom 14, Bathroom 5, Bathroom 2, Bathroom 7, Bedroom 1, Bedroom 2, Bathroom 8, Bathroom 15, Bathroom 6, Bedroom 7
- Parking
- 10
- Parking features
- Garage, Open
- Interior features
- BuiltInFeatures, Chandelier, DecorativeDesignerLightingFixtures, DoubleVanity, HighSpeedInternet, InLawFloorplan, KitchenIsland, OpenFloorplan, CableTv, VaultedCeilings, WalkInClosets
- Exterior features
- Balcony, PrivateEntrance
- Appliances
- SomeGasAppliances, Dishwasher, Disposal, GasRange, GasWaterHeater, PlumbedForGas
- Standard status
- Active
- APN
- 00000335098000000
- Size
- 7,883 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- HOODS J T LOT 18 MAIL
- Tax Annual Amount
- 8350
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Number of units
- 5
- Flooring type
- Tile, Vinyl
- 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# 21221048
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
- Under construction 2026 new construction 3‑story condo in a 5‑unit community at 2151 Mail Avenue
- 5‑unit condo community; Property built with frame construction and metal/wood siding
- 3‑story layout includes a flex room on the first level with a closet, plus open‑concept living area on the second level
- Kitchen features an oversized island, custom cabinetry, and gas appliances including a gas range and gas water heater
- Primary suite includes double vanity, walk‑in closet, and oversized walk‑in shower
- Private balcony off the kitchen area; central air and central natural gas heating; High‑speed internet ready
Overview
Welcome to 2151 Mail Avenue, a brand-new collection of modern three-story condos comprising a 5-unit community. Each residence is planned for flexible daily use, beginning with a first-level flex room with a closet that can function as a home office, lounge, or guest space. The second floor is built around an open-concept living area with high ceilings and abundant natural light, flowing into a kitchen designed as the centerpiece of the home. Kitchens feature custom cabinetry, an oversized island, and direct access to a private balcony for both entertaining and everyday living. On the third floor, the bedrooms include a spacious primary suite with a double vanity, a walk-in closet, and an oversized walk-in shower.
The property is located at 2151 Mail Avenue in Dallas, Texas 75235. It is offered as part of a potential acquisition strategy, as 2147 Mail Avenue and 2151 Mail Avenue may be purchased together to create a 10-unit portfolio.
For investors and owner-operators, this newer, thoughtfully designed 5-unit community offers a straightforward income-producing format with consistent modern finishes and layouts across the units. Buyers seeking to scale may find the option to combine the two addresses particularly practical for strengthening portfolio-level cash flow potential.
The property is located at 2151 Mail Avenue in Dallas, Texas 75235. It is offered as part of a potential acquisition strategy, as 2147 Mail Avenue and 2151 Mail Avenue may be purchased together to create a 10-unit portfolio.
For investors and owner-operators, this newer, thoughtfully designed 5-unit community offers a straightforward income-producing format with consistent modern finishes and layouts across the units. Buyers seeking to scale may find the option to combine the two addresses particularly practical for strengthening portfolio-level cash flow potential.
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
- -96.856028
- Latitude
- 32.830505
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Brand-new 5-unit condo community designed for modern living and an income-producing investment opportunity in Dallas.
Where is this apartment building located?
The property is located at 2151 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: Under construction 2026 new construction 3‑story condo in a 5‑unit community at 2151 Mail Avenue; 5‑unit condo community; Property built with frame construction and metal/wood siding; 3‑story layout includes a flex room on the first level with a closet, plus open‑concept living area on the second level
