Fourplex with Separate Utility
New
For Sale
$880,000
1921 & 1923 & 1925 & 1927 W 10th Street, Dallas, TX 75208
The 1925-built property combines four apartments with off-street parking and separate utility meters.
Property Size4,038 SF
Price / SF$217.93
Days on Market2
Property Features for 1921 & 1923 & 1925 & 1927 W 10th Street
General Information
Standard status
Active
Size
4,038 SF
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR, 2 x 2BR
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Building Details
Building Size
4,038 SF
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Great Real Estate, Inc.
Listed By:
Maria Madigan · License #0592131
(682) 433-6716
Source:
Nilesrealtygroup
Added: Nov 1
Last Checked: Nov 1 at 3:04PM
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 Great Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This Dallas fourplex contains approximately 4,038 SF of living space across four apartments. The upstairs units each have three bedrooms and are occupied; the two downstairs apartments each have two bedrooms and are vacant. Separate meters allocate utility service by unit, and the property includes off-street parking. Built in 1925, the building is being sold as-is.
The property is in Dallas’ 75208 ZIP code, with access to I-30 and I-35. Bishop Arts District, Methodist Hospital, and Downtown Dallas are identified nearby in the listing information.
The property is in Dallas’ 75208 ZIP code, with access to I-30 and I-35. Bishop Arts District, Methodist Hospital, and Downtown Dallas are identified nearby in the listing information.
Key Highlights
- Four apartments totaling approximately 4,038 SF of living space
- Two occupied upstairs 3‑bedroom units and two vacant downstairs 2‑bedroom units
- Separate utility meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,002
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,040
$1.4M
Cap Rate 7%
$1,014,314
$1.0M
Cap Rate 9%
$788,911
$788.9K
Market Conditions
NOI Build-Up for 4,038 SF
Gross rent
$112.9K $27.96/SF
− Vacancy
−$11.5K −$2.84/SF
EGI
$101.4K $25.12/SF
− OpEx
−$30.4K −$7.54/SF
NOI
$71.0K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,040
Cap Rate 7%
$1,014,314
Cap Rate 9%
$788,911
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.5K – $1.18M
NOI $71,002 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$877.2K
$767.5K – $1.02M
NOI $61,402 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$4.85M
$4.24M – $5.65M
NOI $339,169 @ 7.0% cap · market cap 38.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The 1925-built property combines four apartments with off-street parking and separate utility meters.
Where is this quadplex located?
The property is located at 1921 & 1923 & 1925 & 1927 W 10th Street Dallas, TX.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Four apartments totaling approximately 4,038 SF of living space; Two occupied upstairs 3‑bedroom units and two vacant downstairs 2‑bedroom units; Separate utility meters for the units
