Bishop Arts Income
735 W 10th Street, Dallas, TX 75208
Apartment - Dallas, TX
Type:Apartment
Property size:
2,822 SFLot size:
0.15 AcresPrice / SF:
$230/SF- Added:
- Apr 27, 2026
- Days on Market:
- 38
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 735 W 10th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 6
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 5
- Parking features
- Parking Lot
- Interior features
- High Speed Internet Available
- Exterior features
- Lighting, Private Yard, Other, Fence
- Fencing
- Fenced
- Appliances
- Dishwasher, Garbage Disposer, Refrigerator, Washer
- Standard status
- Active
- APN
- 00000258145000000
- Size
- 2,822 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Flooring type
- Laminate, Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Matt Haistings License #0671130 (469) 210-8288
Listing office Compass RE Texas, LLC 2595 Dallas Parkway St 300, Dallas, TX (469) 210-8288
Listing date Apr 27, 2026
MLS# 21209675
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
- Prime Bishop Arts Location: Highly walkable (Walk Score 91) and in a desirable urban neighborhood.
- Income‑Generating Property: Features 5 units with immediate income potential from 4 occupied units.
- Redevelopment Opportunity: PD‑830 zoning allows for townhome‑style condo development.
- Fully Remodeled: Benefit from substantial renovations in 2018, including new plumbing, electrical, roof, and tankless water heaters.
- Significant Rent Upside: Potential for increased income through lease normalization.
- Desirable Amenities: Includes on‑site parking, spacious backyard, and in‑building laundry facility (added in 2025).
Overview
This five-unit income property is located in the Bishop Arts neighborhood of Dallas. The building has a Walk Score of 91. The mixed-unit building comprises three studios, one 1-bedroom, and one 2-bedroom across 2,822 square feet on a 0.148-acre lot. Four units are currently occupied, and one 2-bedroom unit is vacant and ready for immediate lease-up. On-site parking and a spacious backyard are included. An in-building laundry facility is planned for addition in 2025. The building was fully remodeled in 2018 with new plumbing, electrical, roof, and tankless water heaters. The building is in solid mechanical condition with no deferred capital needs. Current rents are significantly below market, with pro forma gross rents representing substantial upside through lease normalization and active management. The property also presents a redevelopment opportunity under PD-830 zoning, which supports townhome-style condo development. New construction on the same block is actively selling in the $550-600K range per unit, additional nearby lots have recently transacted for development, and an ADU is grandfathered on the property.
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 | $87.4k | $30.96 |
| − Vacancy | −$9.3k | −$3.31 |
| EGI | $78.0k | $27.65 |
| − OpEx | −$35.1k | −$12.44 |
| NOI | $42.9k | $15.21 |
2,822 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$613.0K
$536.4K – $715.2K
NOI $42,911 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,032 @ 7.0% cap · market cap 36.47%
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
- -96.835434
- Latitude
- 32.745385
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit income property in the heart of Bishop Arts.
Where is this apartment building located?
The property is located at 735 W 10th Street Dallas, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime Bishop Arts Location: Highly walkable (Walk Score 91) and in a desirable urban neighborhood.; Income‑Generating Property: Features 5 units with immediate income potential from 4 occupied units.; Redevelopment Opportunity: PD‑830 zoning allows for townhome‑style condo development.
