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    Four-Unit Condominium Building Title is generated by Realmo AI

    5705 Live Oak Street, Dallas, TX 75206

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    For Sale
    $2,150,000

    MULTI_FAMILY - Dallas, TX

    Property size:
    5,947 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $361/SF
    Added:
    May 18, 2026
    Days on Market:
    19
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 5705 Live Oak Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    8
    Bathrooms
    12
    Rooms
    Bedroom 4, Bathroom 7, Bathroom 5, Bathroom 1, Bathroom 8, Bedroom 5, Bathroom 11, Bedroom 1, Bathroom 9, Bedroom 6, Bathroom 6, Bathroom 3, Bedroom 8, Bedroom 7, Bedroom 3, Bedroom 2, Bathroom 12, Bathroom 4, Bathroom 10, Bathroom 2
    Parking
    8
    Parking features
    Driveway, Open, Garage
    Interior features
    DecorativeDesignerLightingFixtures, HighSpeedInternet, KitchenIsland, Pantry, CableTv, WalkInClosets, WiredForSound
    Exterior features
    Lighting, PrivateYard, RainGutters
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    SomeGasAppliances, Dishwasher, Disposal, GasRange, Microwave, PlumbedForGas
    Standard status
    Active
    APN
    00000182380000000
    Size
    5,947 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Description
    MUNGER C H LINDELL ST DEDICATION SE PT 2-50X1
    Tax Annual Amount
    11227

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Vinyl, Tile
    Building materials
    Brick

    We can help!

    Listing Contact
    Jennifer Templeton

    Listing agent Jennifer Templeton License #0550951

    Listing office Keller Williams Rockwall Rockwall, TX

    Listing date May 18, 2026

    MLS# 21156401 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 four‑unit condominium building (2026) in East Dallas near Downtown and Lower Greenville
    • Each unit is approximately 1,483 SF with 2 bedrooms and 2.5 bathrooms
    • Attached two‑car garages for each unit
    • Each unit includes a private 504 SF rooftop terrace plus a fenced private yard at ground level
    • Units offer open‑concept main living level and wired for sound with high‑speed internet
    • Central air and natural gas heating; appliances include gas range, microwave, dishwasher, and disposal

    Overview

    New construction four-unit condominium building in East Dallas, offering four luxury residential units in a cohesive layout. Each unit is approximately 1,483 square feet with two bedrooms and two and a half bathrooms, an open-concept main living level, and a private attached two-car garage. Outdoor space is a standout feature, with a fenced private ground-level yard for each unit and a private rooftop terrace of approximately 504 square feet.

    The property is located near Downtown, Lower Greenville, Lakewood, and the Swiss Avenue Historic District. The surrounding area is largely built out with established residential and commercial development, supporting long-term stability. Buyer note: expanded marketing materials, including floorplans and visual media, may be available through additional online listings and video content.

    This configuration is well suited for investors and owner-occupants looking for low-maintenance urban housing with multiple paths to value. The unit mix and size, combined with garage parking and dedicated outdoor space, can support a range of strategies including long-term rental holding, short-term rental, individual condominium sales, or a combination approach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.763623
    Latitude
    32.810695

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    FAQs

    What type of property is this?
    Quadplex - New four-unit residential build with attached two-car garages, rooftop terraces, and fenced yards for flexible ownership strategies.
    Where is this quadplex located?
    The property is located at 5705 Live Oak Street Dallas, TX.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: New construction four‑unit condominium building (2026) in East Dallas near Downtown and Lower Greenville; Each unit is approximately 1,483 SF with 2 bedrooms and 2.5 bathrooms; Attached two‑car garages for each unit
    (972) 772-7000
    We can help!
    Listing Contact
    Jennifer Templeton
    Real Estate License ID: 0550951
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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