Four-Unit Residential Income
4505-07 Worth Street Dallas, TX 75246
For Sale
$750,000
Four one-bedroom units offer hardwood floors, in-unit washer/dryers, and individually metered utilities with off-street parking.
Property Size3,220 SF
Price / SF$232.92
Days on Market170
Property Features for 4505-07 Worth Street
General Information
Standard status
Active
Size
3,220 SF
Property subtype
Multi-Family / Apartment/5Plex+
Building Details
Year Built
1912
Listing Agency:
Dave Perry Miller Real Estate
(214) 528-0707
Listed By:
Christopher Miller · License #0405244
(214) 528-0707
Source:
Compass
Added: Feb 8
Changed: Jul 23
Last Checked: Jul 27 at 12:34PM
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 Dave Perry Miller Real Estate
Investment Insights
Based on property information with market context.
This four-unit residential income property features four one-bedroom apartments with hardwood floors and tall ceilings. Each unit includes a washer and dryer and is supported by individually metered utilities, helping streamline utility management. Exterior amenities include front and back porch areas, along with off-street parking for residents.
The property is located in the Peaks Suburban neighborhood of Old East Dallas, just south of Junius Heights and Swiss Avenue. The building is described as clean with a limited-access entry.
All units are currently leased, and the offering remarks note potential upside based on projected rental rates and expenses.
The property is located in the Peaks Suburban neighborhood of Old East Dallas, just south of Junius Heights and Swiss Avenue. The building is described as clean with a limited-access entry.
All units are currently leased, and the offering remarks note potential upside based on projected rental rates and expenses.
Key Highlights
- Four 1‑bedroom units in a one‑story building (4 total units), built in 1912
- Hardwood flooring and tall ceilings; includes 1 decorative fireplace
- In‑unit washer/dryers and eat‑in kitchen; walk‑in closet(s) in unit interiors
Financial Insights For Multifamily LT 5
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 | $90.0k | $27.96 |
| − Vacancy | −$9.1k | −$2.84 |
| EGI | $80.9k | $25.12 |
| − OpEx | −$24.3k | −$7.54 |
| NOI | $56.6k | $17.58 |
3,220 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$808.8K
$707.7K – $943.7K
NOI $56,619 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$699.5K
$612.0K – $816.1K
NOI $48,963 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,461 @ 7.0% cap · market cap 36.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units offer hardwood floors, in-unit washer/dryers, and individually metered utilities with off-street parking.
Where is this quadplex located?
The property is located at 4505-07 Worth Street Dallas, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four 1‑bedroom units in a one‑story building (4 total units), built in 1912; Hardwood flooring and tall ceilings; includes 1 decorative fireplace; In‑unit washer/dryers and eat‑in kitchen; walk‑in closet(s) in unit interiors
