Historic 12-Unit Multifamily
4002 Prescott Avenue Dallas, TX 75219
4002 Prescott Avenue, Dallas, TX, 75219
$3,000,000
For Sale
$3,000,000
1929-built 12-unit multifamily with original interior details and recent system and roof updates in a well-served rental area.
Lot Size0.25 Acres
Days on Market25
Property Features for 4002 Prescott Avenue
General Information
- Standard status
- Active
- Lot size
- 0.25 Acres
- Property subtype
- Apartment
Building Details
- Year Built
- 1929
Listing Agency
Robert C. Murray Realty
Listed by
Robert Murray
Source
Nilesrealtygroup
Added: Jun 27 Updated: Jul 10 at 2:08 pm Checked: Jul 15 at 3:06 pm
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
Investment Insights
Based on property information with market context.
Built in 1929, this 12-unit multifamily property at 4002 Prescott Ave combines historic character with practical updates. The units retain period details including original hardwood flooring, vintage cabinetry, and classic countertops. The property includes twelve residential units plus an additional apartment above the carport. Ownership has maintained the asset with key capital improvements, including updated plumbing, electrical systems, and a roof, helping reduce near-term deferred maintenance concerns. The property is offered as-is, with one of the units currently occupied by the owner.
The asset is located in the Oak Lawn corridor and positioned on approximately a quarter-acre lot. It is described as minutes from Highland Park and the Lemmon Avenue corridor, with immediate access to restaurants, grocery stores, retail, and everyday conveniences.
For tenants and buyers seeking an income-producing residential asset, the current in-place rent provides a baseline of approximately $1,200 per unit in monthly rent. The combination of preserved interior features and maintained building systems supports ongoing residential use. With an additional apartment above the carport and a long record of on-site stewardship since 1996, this property is presented as a stable, character-rich option within a highly regarded rental submarket.
The asset is located in the Oak Lawn corridor and positioned on approximately a quarter-acre lot. It is described as minutes from Highland Park and the Lemmon Avenue corridor, with immediate access to restaurants, grocery stores, retail, and everyday conveniences.
For tenants and buyers seeking an income-producing residential asset, the current in-place rent provides a baseline of approximately $1,200 per unit in monthly rent. The combination of preserved interior features and maintained building systems supports ongoing residential use. With an additional apartment above the carport and a long record of on-site stewardship since 1996, this property is presented as a stable, character-rich option within a highly regarded rental submarket.
Key Highlights
- 1929‑built 12‑unit multifamily asset (plus an additional apartment above the carport)
- Approx. quarter‑acre lot with original interior details including hardwood flooring, vintage cabinetry, and classic countertops
- Capital improvements include updated plumbing, electrical systems, and roof
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 1929-built 12-unit multifamily with original interior details and recent system and roof updates in a well-served rental area.
Where is this apartment building located?
The property is located at 4002 Prescott Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 1929‑built 12‑unit multifamily asset (plus an additional apartment above the carport); Approx. quarter‑acre lot with original interior details including hardwood flooring, vintage cabinetry, and classic countertops; Capital improvements include updated plumbing, electrical systems, and roof
