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    New 5-Unit Townhouse Community Title is generated by Realmo AI

    2247 Mail Avenue, Dallas, TX 75235

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    For Sale
    $2,287,500

    MULTI_FAMILY - Dallas, TX

    Lot size:
    0.17 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 2247 Mail Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    10
    Bathrooms
    15
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 9, Bathroom 10, Bathroom 14, Bathroom 7, Bathroom 4, Bathroom 1, Bedroom 8, Bathroom 8, Bathroom 12, Bathroom 9, Bathroom 11, Bathroom 2, Bedroom 5, Bathroom 13, Bathroom 3, Bedroom 10, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 6, Bedroom 7, Bathroom 15
    Parking
    11
    Interior features
    HighSpeedInternet, KitchenIsland, CableTv, WiredForData, WalkInClosets
    Fireplace
    1
    Appliances
    BuiltInGasRange, BuiltInRefrigerator, Dryer, Dishwasher, IceMaker, Microwave, TrashCompactor, VentedExhaustFan, Washer
    Standard status
    Active
    APN
    2365 00B 024 1002365 00B
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Year built
    2026
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Engineered, Tile, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Hache Annamuhammedov

    Listing agent Hache Annamuhammedov License #0719688

    Listing office Central Metro Realty Austin, TX

    Listing date Mar 22, 2026

    MLS# 21209246 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

    • Newly constructed 5‑unit modern townhouse community (5 residences), Year built 2026
    • Anticipated completion May 2026
    • Each residence includes central heating (natural gas) and central air, plus ceiling fans
    • Townhomes feature high‑speed internet, wired for data, and walk‑in closets
    • Kitchens include built‑in gas range, built‑in refrigerator, microwave, dishwasher, and ice maker
    • Property has a total of 15 bedrooms and 15 bathrooms across the 5 units

    Overview

    This newly constructed 5-unit modern townhouse community is designed for today’s renters and short-term rental guests. Each residence features open-concept living, contemporary finishes, abundant natural light, and functional floor plans. The property is being delivered as a single, income-producing asset, with an anticipated completion date of May 2026, offering investors a clean entry point into a newly built multifamily setup.

    The community is positioned for convenient access to major Dallas destinations. It sits near Dallas Love Field Airport and the Medical District, and is described as just minutes from Uptown and Downtown Dallas as well as the Design District. The surrounding area is also noted to provide reach to AT&T Stadium and American Airlines Center, along with easy access to DFW International Airport for traveling professionals and guests.

    With its townhouse configuration and modern interior programming, the property may fit investors seeking a stabilized long-term rental portfolio or those exploring short-term rental income. For a buyer considering a hands-on strategy, the layout and contemporary finishes are aligned with appeal to both corporate stays and tourism demand, while also supporting longer-term tenancy tied to nearby employment and healthcare uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Daycare Center Gym & Fitness Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.8540398
    Latitude
    32.8320646

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    FAQs

    What type of property is this?
    Apartment building - Newly built townhome-style rentals designed for flexible long- or short-term income, with anticipated completion in May 2026.
    Where is this apartment building located?
    The property is located at 2247 Mail Avenue 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: Newly constructed 5‑unit modern townhouse community (5 residences), Year built 2026; Anticipated completion May 2026; Each residence includes central heating (natural gas) and central air, plus ceiling fans
    (512) 454-6873
    We can help!
    Listing Contact
    Hache Annamuhammedov
    Real Estate License ID: 0719688
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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