Historic 12-Unit Multifamily
For Lease
$3,000,000
4002 Prescott Ave, Dallas, TX 75219
Historic 12-unit multifamily with updated core systems and original interior character, offered as-is for long-term tenancy.
Space SizeContact for details
Lot Size0.25 Acres
Days on Market72
Property Features for 4002 Prescott Ave
General Information
Standard status
Active
Lot size
0.25 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Multifamily Units
13
Taxes and HOA fees
Annual Taxes
$35,182
Building Details
Year Built
1929
Stories
2
Tenancy
Multi
Listing Agency:
Robert C. Murray Realty. Contact:
(214) 216-2161
Listed By:
Robert Murray · License #0466346
Source:
Dallashomerealty
Added: Jun 13
Changed: Aug 16
Last Checked: Aug 16 at 10:52AM
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 Robert C. Murray Realty. Contact:
Investment Insights
Based on property information with market context.
Built in 1929, this 12-unit multifamily property retains original interior character, including hardwood flooring, vintage cabinetry, and classic countertops. The asset includes twelve residential units plus an additional apartment above the carport, creating a slightly expanded unit mix. Ownership has maintained the property through key capital improvements, including updated plumbing, updated electrical systems, and a roof replacement, helping reduce near-term deferred maintenance concerns. The property is offered as-is.
The building is located in the Oak Lawn corridor of Dallas, on a lot of approximately a quarter-acre. It is described as being just minutes from Highland Park and the Lemmon Avenue corridor, with immediate access to restaurants, grocery stores, retail, and everyday conveniences.
For tenants and operators seeking a character-forward rental property, the unit count and maintained updates support day-to-day occupancy. Current reported leasing stands at approximately $1,200 per unit in monthly rent, providing an established in-place income stream. The property has been personally managed by the current owner since 1996, who also occupies one of the units, reflecting long-term stewardship and continuity of management approach.
The building is located in the Oak Lawn corridor of Dallas, on a lot of approximately a quarter-acre. It is described as being just minutes from Highland Park and the Lemmon Avenue corridor, with immediate access to restaurants, grocery stores, retail, and everyday conveniences.
For tenants and operators seeking a character-forward rental property, the unit count and maintained updates support day-to-day occupancy. Current reported leasing stands at approximately $1,200 per unit in monthly rent, providing an established in-place income stream. The property has been personally managed by the current owner since 1996, who also occupies one of the units, reflecting long-term stewardship and continuity of management approach.
Key Highlights
- Historic 12‑unit multifamily built in 1929 in the Oak Lawn corridor
- Approximately a quarter‑acre lot with original hardwood flooring, vintage cabinetry, and classic countertops
- Tenants have immediate access to restaurants, grocery stores, retail, and everyday conveniences
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 75219, TX
27,885
Population
19,190
Households
1.5
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
2.3 sq mi
ZIP Area
12,124
Density / Sq Mi
$92,541
Median Household Income
$70,549
Median Earnings
$1,751
Median Rent
$377,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic 12-unit multifamily with updated core systems and original interior character, offered as-is for long-term tenancy.
Where is this apartment building located?
The property is located at 4002 Prescott Ave Dallas, TX.
What is the lease rate?
The lease rate is $3,000,000.
What are key features of this property?
This property features: Historic 12‑unit multifamily built in 1929 in the Oak Lawn corridor; Approximately a quarter‑acre lot with original hardwood flooring, vintage cabinetry, and classic countertops; Tenants have immediate access to restaurants, grocery stores, retail, and everyday conveniences
