Recently Built 5-Unit Townhome
4223 Delano Place Dallas, TX 75204
4223 Delano Place, Dallas, TX, 75204
$2,495,000
For Sale
$2,495,000
COMMERCIAL - Dallas, TX
Lot Size0.16 Acres
Days on Market111
Property Features for 4223 Delano Place
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage, Driveway
- Security features
- Security
- Standard status
- Active
- APN
- 00000118882000000
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- HASKELL PLACE BLK A/657 LT 10
- Tax Annual Amount
- 46839
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2021
- Floors in Building
- 4
- Number of units
- 5
- Flooring type
- Carpet, Tile, Wood
- Building materials
- FiberCement, WoodSiding
- Roof type
- Flat
Listing Agency
Compass RE Texas, LLC.
(214) 814-8100
Dallas, TX
Listed by
Alan Sahliyeh · License #0619808
(214) 814-8100
Added: Apr 2 Updated: Jun 3 at 1:06 am Checked: Jul 21 at 4:06 am
MLS# 21217514
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Investment Insights
Based on property information with market context.
A recently constructed, fully leased 5-unit condominium platted townhome community built in 2021. The configuration includes four 2-bedroom, 2.1-bath units and one 1-bedroom, 1.5-bath unit, with open-concept living spaces designed around a clear separation between everyday and private areas. All bedrooms are located on the third floor. Interiors feature granite finishes throughout, and each unit offers a private rooftop deck with turf and skyline views. Unit 5 is currently operating as a short-term rental, adding flexibility to the income profile.
Located in the heart of East Dallas within a desirable, walkable area, the property is described as being just steps from dining, retail, and entertainment destinations. The community’s absence of a current HOA is also highlighted as part of the value proposition.
For investors, the property offers stabilized multifamily income with the benefit of operating a unit on a short-term basis while maintaining a long-term rental foundation. The seller notes a value-add angle, including the potential creation of an HOA as the highest and best use to support sales of individual units. That framework can support different strategies such as selling units individually, occupying one unit while leasing the others, or holding the community as a longer-term investment. An appraisal of $2.8M is available.
Located in the heart of East Dallas within a desirable, walkable area, the property is described as being just steps from dining, retail, and entertainment destinations. The community’s absence of a current HOA is also highlighted as part of the value proposition.
For investors, the property offers stabilized multifamily income with the benefit of operating a unit on a short-term basis while maintaining a long-term rental foundation. The seller notes a value-add angle, including the potential creation of an HOA as the highest and best use to support sales of individual units. That framework can support different strategies such as selling units individually, occupying one unit while leasing the others, or holding the community as a longer-term investment. An appraisal of $2.8M is available.
Key Highlights
- 5‑unit condominium platted townhome community built in 2021; currently fully leased and operating under market rates (per remarks).
- Unit mix: four 2‑bedroom, 2.1‑bath townhomes plus one 1‑bedroom, 1.5‑bath unit.
- Private rooftop decks with turf and Dallas skyline views; open‑concept layouts with granite finishes (per remarks).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully leased, 2021-built community with in-place cash flow and rooftop decks, offering multiple ownership and exit options.
Where is this apartment building located?
The property is located at 4223 Delano Place Dallas, TX.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 5‑unit condominium platted townhome community built in 2021; currently fully leased and operating under market rates (per remarks).; Unit mix: four 2‑bedroom, 2.1‑bath townhomes plus one 1‑bedroom, 1.5‑bath unit.; Private rooftop decks with turf and Dallas skyline views; open‑concept layouts with granite finishes (per remarks).
