Victorian Live-Work
2315 Routh Street Dallas, TX 75201
2315 Routh Street, Dallas, TX, 75201
$1,900,000
For Sale
$1,900,000
Historic 1899 property zoned for residential or commercial, with multiple offices and an additional guest house.
Property Size2,910 SF
Price / SF$652.92
Days on Market308
Property Features for 2315 Routh Street
General Information
- Standard status
- Active
- Size
- 2,910 SF
- Property subtype
- Office
Building Details
- Year Built
- 1899
Listing agency
Allie Beth Allman & Assoc.
(214) 543-7075
Listed by
Mary Alice Garrison · License #0638680
(214) 543-7075
Source
Xome
Added: Sep 19, 2025 Updated: Jul 22 at 3:17PM Checked: Jul 22 at 3:17PM
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 Allie Beth Allman & Assoc.
Investment Insights
Based on property information with market context.
Built in 1899 and carefully maintained, this Victorian-style live-work building is zoned for residential or commercial use. The first floor includes formal living with a fireplace and pocket doors, an updated kitchen equipped with a Sub Zero refrigerator and an Aga range, and informal living and dining areas. A hidden staircase behind a bookshelf leads down to a wine room with built-ins and a fireplace. Multiple French doors open to a covered porch with a ceiling fan and a turf backyard.
The second floor is currently configured with four offices, a half bath, and a laundry area, with plans available to convert that level to either two or three bedrooms. The third floor features a bedroom with an en-suite bath and a balcony. An additional 638 SF includes a guest house with a fireplace and full bath, along with a two-car carport and additional space above that could be used for office or living.
No garage is included, but there is space for four cars total, with two covered. Located in the historic State Thomas neighborhood of Uptown, the property is within walking distance to Whole Foods and the nearby shopping and restaurants.
The second floor is currently configured with four offices, a half bath, and a laundry area, with plans available to convert that level to either two or three bedrooms. The third floor features a bedroom with an en-suite bath and a balcony. An additional 638 SF includes a guest house with a fireplace and full bath, along with a two-car carport and additional space above that could be used for office or living.
No garage is included, but there is space for four cars total, with two covered. Located in the historic State Thomas neighborhood of Uptown, the property is within walking distance to Whole Foods and the nearby shopping and restaurants.
Key Highlights
- Built in 1899 Victorian in the historic State Thomas neighborhood of Uptown
- Zoned for residential or commercial use; currently configured for residential living
- 1st floor includes formal living with fireplace, updated kitchen with Sub‑Zero refrigerator and Aga range, and informal dining
Local Financial Insights For Office B
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 | $298.2k | $102.48 |
| − Vacancy | −$75.2k | −$25.82 |
| EGI | $223.1k | $76.66 |
| − OpEx | −$55.8k | −$19.16 |
| NOI | $167.3k | $57.49 |
2,910 SF · lease $102.48/SF/yr · vacancy 25.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,300 @ 7.0% cap · market cap 8.81%
Second Best
Mixed Use
$548.7K
$480.2K – $640.2K
NOI $38,412 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$3.49M
$3.06M – $4.07M
NOI $244,423 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Colonial Oaks Senior ...
Geriatric Care Provider
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FAQs
What type of property is this?
Live-work space - Historic 1899 property zoned for residential or commercial, with multiple offices and an additional guest house.
Where is this live-work space located?
The property is located at 2315 Routh Street Dallas, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Built in 1899 Victorian in the historic State Thomas neighborhood of Uptown; Zoned for residential or commercial use; currently configured for residential living; 1st floor includes formal living with fireplace, updated kitchen with Sub‑Zero refrigerator and Aga range, and informal dining
