Updated Condo in Oak
For Sale
$334,999
4040 Avondale Avenue #107, Dallas, TX 75219
Updated 2 bed, 2.5 bath condo with modern amenities.
Property Size1,396 SF
Price / SF$239.97
Days on Market341
Property Features for 4040 Avondale Avenue #107
General Information
Standard status
Active
Size
1,396 SF
Property subtype
Condominium
Building Details
Year Built
1985
Listing Agency:
Dallas Midtown
(512) 201-0355
Listed By:
Rachel Yamada · License #0743831
(512) 201-0355
Source:
Kw
Added: Aug 24, 2025
Changed: Jul 6
Last Checked: Jul 29 at 1:06PM
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 Midtown
Investment Insights
Based on property information with market context.
This updated condo in Avondale Gardens offers Oak Lawn and Turtle Creek living. The 2-bedroom, 2.5-bathroom unit features an open floor plan filled with light, a curved staircase, vaulted ceilings, updated bathroom fixtures, custom accent lighting, and new wood floors. The dining area is located off the kitchen, and the spacious living room includes a built-in wet bar, a wood-burning fireplace, and a balcony. The primary suite features a separate garden tub and shower, walk-in closets, and glass block windows with custom curtains. The secondary bedroom has a private balcony, fireplace, ensuite bathroom, and walk-in closet. The property size is 1396 square feet. The unit includes two assigned covered parking spots in the underground garage and access to the clubhouse, pool, and fitness center.
Key Highlights
- Updated 2 bedroom, 2.5 bathroom condo in Oak Lawn/Turtle Creek area.
- Two assigned covered parking spots in underground garage.
- Access to clubhouse, pool, and fitness center.
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 | $43.2k | $30.96 |
| − Vacancy | −$4.6k | −$3.31 |
| EGI | $38.6k | $27.65 |
| − OpEx | −$17.4k | −$12.44 |
| NOI | $21.2k | $15.21 |
1,396 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$303.3K
$265.4K – $353.8K
NOI $21,228 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,256 @ 7.0% cap · market cap 35.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,454
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Updated 2 bed, 2.5 bath condo with modern amenities.
Where is this apartment building located?
The property is located at 4040 Avondale Avenue #107 Dallas, TX.
What is the asking price?
The asking price for this property is $334,999.
What are key features of this property?
This property features: Updated 2 bedroom, 2.5 bathroom condo in Oak Lawn/Turtle Creek area.; Two assigned covered parking spots in underground garage.; Access to clubhouse, pool, and fitness center.
