Modern Townhouse Community For
2247 Mail Ave, Dallas, TX 75235
New 5-unit property in Dallas' rapidly growing corridor.
Type:Multifamily
Property size:
9,565 SFPrice / SF:
$239/SF- Added:
- Mar 22, 2026
- Days on Market:
- 98
- Last Refresh:
- Mar 23 at 8:21 pm
Property Features for 2247 Mail Ave
General Information
- Standard status
- Active
- Size
- 9,565 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing office CENTRAL METRO REALTY
Listing date Mar 22, 2026
Source Crexi
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 CENTRAL METRO REALTY
HighLights
- New construction 5‑unit townhouse community, providing a modern, low‑maintenance investment.
- High‑quality, income‑producing asset in a rapidly growing Dallas corridor.
- Ideally located near Dallas Love Field Airport and the Medical District, with easy access to Uptown, Downtown, and the Design District.
- Strong rental demand drivers due to proximity to major employment hubs, healthcare facilities, and entertainment districts.
- Functional floor plans with open‑concept living, contemporary finishes, and abundant natural light.
- Convenient access to major destinations like AT&T Stadium, American Airlines Center, and both Dallas Love Field and DFW International Airports.
Overview
This newly constructed 5-unit modern townhouse community presents an opportunity to acquire an income-producing asset in a rapidly growing area of Dallas. Each residence features thoughtfully designed layouts with open-concept living spaces, contemporary finishes, abundant natural light, and functional floor plans. The property is positioned near Dallas Love Field Airport and the Medical District, with accessibility to Uptown, Downtown Dallas, and the Design District. Its location near major employment hubs, healthcare facilities, and entertainment districts makes it attractive for both long-term tenants and short-term rental guests. The property is located within convenient reach of AT&T Stadium, American Airlines Center, and Dallas Love Field, benefiting from visitor traffic, corporate stays, and tourism demand. Easy access to DFW International Airport enhances its appeal for traveling professionals and guests. The property, totaling 9565 square feet, is surrounded by dining, retail, and nightlife options, supporting rental rates and long-term appreciation potential.
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 | $296.1k | $30.96 |
| − Vacancy | −$31.7k | −$3.31 |
| EGI | $264.4k | $27.65 |
| − OpEx | −$119.0k | −$12.44 |
| NOI | $145.4k | $15.21 |
9,565 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.08M
$1.82M – $2.42M
NOI $145,445 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.48M
$10.04M – $13.39M
NOI $803,405 @ 7.0% cap · market cap 35.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Collin
- State
- Texas
- Longitude
- -96.8541171
- Latitude
- 32.8321151
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - New 5-unit property in Dallas' rapidly growing corridor.
Where is this apartment building located?
The property is located at 2247 Mail Ave Dallas, TX.
What is the asking price?
The asking price for this property is $2,287,500.
What are key features of this property?
This property features: New construction 5‑unit townhouse community, providing a modern, low‑maintenance investment.; High‑quality, income‑producing asset in a rapidly growing Dallas corridor.; Ideally located near Dallas Love Field Airport and the Medical District, with easy access to Uptown, Downtown, and the Design District.
