Remodeled Four-Unit
New
For Sale
$880,000
1921 & 1923 & 1925 & 1927 W 10th Street, Dallas, TX 75208
ResidentialIncome, Dallas, TX
Property Size4,038 SF
Lot Size0.21 Acres
Price / SF$217.93
Days on Market7
Property Features for 1921 & 1923 & 1925 & 1927 W 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 10, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 8
Parking
4
Parking features
Assigned
Interior features
DecorativeDesignerLightingFixtures, CableTv
Appliances
Dishwasher, ElectricRange, Microwave, Refrigerator
Subdivision
Sunset Hill Add
Elementary school
Rosemont
Middle school
Greiner
High school
Sunset
Elementary school district
Dallas ISD
Middle school district
Dallas ISD
High school district
Dallas ISD
Directions
South on Windomere from Davis, unit is on the corner of 10th and Marlborough.
Standard status
Active
APN
00000270634000000
Lot size
0.21 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Number of units
4
Flooring type
Wood, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
Great Real Estate, Inc.
(214) 532-4009
Listed By:
Maria Madigan · License #0592131
(214) 245-2007
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 20 at 11:06AM
MLS# 21385305
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.
Investment Insights
Based on property information with market context.
This remodeled quadplex contains approximately 4,038 SF of living area on a 0.21-acre lot. The property includes two upstairs three-bedroom, one-bath units and two downstairs two-bedroom, one-bath units. Renovations include updated plumbing, electrical systems, HVAC, windows, hardwood flooring, fixtures, and granite countertops. Each residence offers a living room, dining area, kitchen pantry, storage room, washer and dryer connections, and tile in the kitchen and bathroom. Appliances include refrigerators, ranges, microwaves, and dishwashers.
All four units have individually metered utilities and rear access, with parking for four vehicles. The upstairs residences include rear terraces, while the property also provides a shared fenced side yard. The fourplex is near Bishop Arts, approximately 6 minutes from Methodist Hospital, and 4 miles from downtown Dallas, with access to I-30 and I-35. The property was built in 1925 and is being sold AS-IS.
All four units have individually metered utilities and rear access, with parking for four vehicles. The upstairs residences include rear terraces, while the property also provides a shared fenced side yard. The fourplex is near Bishop Arts, approximately 6 minutes from Methodist Hospital, and 4 miles from downtown Dallas, with access to I-30 and I-35. The property was built in 1925 and is being sold AS-IS.
Key Highlights
- Four units totaling approximately 4,038 SF
- 0.21‑acre lot with parking for four vehicles
- Two 3‑bedroom units and two 2‑bedroom units; all include 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,002
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated four-unit property with individually metered utilities, rear parking, and shared fenced outdoor space.
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 units totaling approximately 4,038 SF; 0.21‑acre lot with parking for four vehicles; Two 3‑bedroom units and two 2‑bedroom units; all include 1 bathroom
