Condominium End Unit
4000 Rawlins Street Unit 101B Dallas, TX 75219
For Sale
$280,000
Tenant-occupied end unit condo with 2 primary bedrooms, 2.5 baths, private fenced patio, and leased through 12/31/2026.
Property Size1,112 SF
Price / SF$251.80
Days on Market247
Property Features for 4000 Rawlins Street Unit 101B
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Multi-Family / Apartment/5Plex+
Building Details
Year Built
1980
Listing Agency:
Dallas McLean Realty
(214) 335-4552
Listed By:
Mary McLean · License #0517452
(214) 335-4552
Source:
Compass
Added: Nov 25, 2025
Changed: Jul 22
Last Checked: Jul 22 at 2:49AM
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 Dallas McLean Realty
Investment Insights
Based on property information with market context.
This condominium end unit includes two primary bedrooms, two full bathrooms, and one half bathroom, along with a private fenced-in patio. The upstairs bedroom setup features walk-in closets and en-suite bathrooms, supported by a floor plan suited for roommates. Updates include granite countertops and backsplash in the kitchen, laminate wood floors, fresh white paint, and included items such as a microwave and a full-size washer and dryer.
The community offers gated parking and a courtyard, with one assigned parking space within the complex plus an additional open parking space in the back (not gated). The residence includes a step-out balcony upstairs and French doors leading to the patio, as well as a brick woodburning fireplace in the living area.
A lease is in effect with the tenant continuing through December 31, 2026, and showings are not available until an executed contract. There is no sign in the yard.
The community offers gated parking and a courtyard, with one assigned parking space within the complex plus an additional open parking space in the back (not gated). The residence includes a step-out balcony upstairs and French doors leading to the patio, as well as a brick woodburning fireplace in the living area.
A lease is in effect with the tenant continuing through December 31, 2026, and showings are not available until an executed contract. There is no sign in the yard.
Key Highlights
- Tenant‑occupied end unit condo with 2 primary bedrooms and 2.5 bathrooms, leased through 12/31/2026 at $1,895/month
- Private fenced‑in patio plus a step‑out balcony upstairs with French doors to the patio
- Built‑in features and granite counters in the kitchen; updates include fresh white paint, laminate wood floors, and new light fixtures
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 | $34.4k | $30.96 |
| − Vacancy | −$3.7k | −$3.31 |
| EGI | $30.7k | $27.65 |
| − OpEx | −$13.8k | −$12.44 |
| NOI | $16.9k | $15.21 |
1,112 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,402 @ 7.0% cap · market cap 33.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Tenant-occupied end unit condo with 2 primary bedrooms, 2.5 baths, private fenced patio, and leased through 12/31/2026.
Where is this residential income property located?
The property is located at 4000 Rawlins Street Unit 101B Dallas, TX.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Tenant‑occupied end unit condo with 2 primary bedrooms and 2.5 bathrooms, leased through 12/31/2026 at $1,895/month; Private fenced‑in patio plus a step‑out balcony upstairs with French doors to the patio; Built‑in features and granite counters in the kitchen; updates include fresh white paint, laminate wood floors, and new light fixtures
