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Furnished Five-Unit Apartment Building
For Sale
$2,199,999

4031 Rawlins Street, Dallas, TX 75219

CommercialSale, Dallas, TX

Property SizeContact for details
Lot Size0.16 Acres
Days on Market11

Property Features for 4031 Rawlins Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description MFR - Apartments; Planned Development District
Parking features On Street
Subdivision Bowser & Lemmon Oak Lawn
Lot features Interior Lot
Directions GPS
Standard status Active
APN 00000148972000000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 17769

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

in-unit washer and dryer

Building Details

Year built 1926
Floors in Building 2
Number of units 5
Flooring type Tile, Hardwood
Building materials Brick
Roof type Composition
Listing Agency: EXP REALTY
Listed By: Kyla Young
Added: Aug 19 Changed: Aug 29 Last Checked: Aug 29 at 10:06PM
MLS# 21357978

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.

Investment Insights

Based on property information with market context.

This apartment property comprises five furnished units across two buildings on a 0.1607-acre lot. The main structure is a two-story brick building with four apartments, accompanied by a detached single-family residence; each unit is configured with two bedrooms and two bathrooms. Furnishings transfer with the sale, and every unit includes an in-unit washer and dryer. The property was built in 1926 and features tile and hardwood flooring, central heating and cooling, public water, public sewer, and a composition roof.

Capital improvements include a replaced roof, new HVAC equipment in all five units, replaced water heaters, new windows and doors, and completed pier-and-beam foundation work on the main building. The property is approximately one mile from UT Southwestern Medical Center and Children’s Medical Center, with Parkland Memorial Hospital and the broader medical district also identified in the surrounding context. Highland Park, Uptown, Love Field, the Dallas North Tollway, and 75 Central Expressway are minutes away. The property is also identified as eligible for a 1031 exchange.

Key Highlights

  • Five furnished apartment units across two buildings on 0.1607 acres
  • Four‑unit, two‑story brick building plus detached single‑family home
  • All units configured as 2 bed & 2 bath with in‑unit washer and dryer

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Food Market Daycare Center Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,966
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-building residential asset with furnished two-bedroom, two-bath units and updated major systems.
Where is this apartment building located?
The property is located at 4031 Rawlins Street Dallas, TX.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: Five furnished apartment units across two buildings on 0.1607 acres; Four‑unit, two‑story brick building plus detached single‑family home; All units configured as 2 bed & 2 bath with in‑unit washer and dryer
More about this property
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