Boutique Multifamily
1415 Bennett Ave Dallas, TX 75206
1415 Bennett Ave, Dallas, TX, 75206
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For Sale
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Fully rehabbed 18-unit apartment property, reconstructed to the studs in 2019 for an effectively new construction profile.
Property Size10,320 SF
Price / SF$242.25
Days on Market104
Property Features for 1415 Bennett Ave
General Information
- Standard status
- Active
- Size
- 10,320 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing agency
Colliers - Dallas, Texas
Listed by
Todd Franks · License #TX 479935
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 1:36AM Checked: Jul 22 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Dallas, Texas
Investment Insights
Based on property information with market context.
1415 Bennett is a boutique multifamily apartment building originally constructed in 1957 and fully reconstructed to the studs in 2019. The property consists of 18 units and has undergone a full-gut renovation, aiming to reduce deferred maintenance and capital risk typically associated with older multifamily assets.
The building is situated in an urban infill location in Dallas’ East Dallas corridor, with stated proximity to Downtown Dallas, Deep Ellum, Lower Greenville, Knox-Henderson, and Baylor University Medical Center.
As a residential income property, it offers an effectively new-construction profile through the 2019 reconstruction while retaining the benefit of an established, centrally positioned address within the East Dallas area.
The building is situated in an urban infill location in Dallas’ East Dallas corridor, with stated proximity to Downtown Dallas, Deep Ellum, Lower Greenville, Knox-Henderson, and Baylor University Medical Center.
As a residential income property, it offers an effectively new-construction profile through the 2019 reconstruction while retaining the benefit of an established, centrally positioned address within the East Dallas area.
Key Highlights
- 18‑unit multifamily property fully rehabbed and reconstructed to the studs in 2019
- Original build year 1957 with a fully gut renovation for an effectively new construction profile
- Boutique multifamily asset offering an 18‑unit rental configuration
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 | $319.5k | $30.96 |
| − Vacancy | −$34.2k | −$3.31 |
| EGI | $285.3k | $27.65 |
| − OpEx | −$128.4k | −$12.44 |
| NOI | $156.9k | $15.21 |
10,320 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.24M
$1.96M – $2.62M
NOI $156,926 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.38M
$10.84M – $14.45M
NOI $866,821 @ 7.0% cap · market cap 34.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully rehabbed 18-unit apartment property, reconstructed to the studs in 2019 for an effectively new construction profile.
Where is this apartment building located?
The property is located at 1415 Bennett Ave Dallas, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 18‑unit multifamily property fully rehabbed and reconstructed to the studs in 2019; Original build year 1957 with a fully gut renovation for an effectively new construction profile; Boutique multifamily asset offering an 18‑unit rental configuration
