Fourplex Investment
4512 Swiss Avenue Dallas, TX 75204
For Sale
$1,200,000
Fully leased four 1-bedroom, 1-bath units with renovated kitchens and bathrooms, plus updated backyard common area.
Property Size4,200 SF
Price / SF$285.71
Days on Market106
Property Features for 4512 Swiss Avenue
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Multi-Family / Fourplex
Building Details
- Year Built
- 1933
Listing Agency:
Redfin Corporation
(214) 405-4183
Listed By:
Casi Fricks · License #0592712
(214) 405-4183
Source:
Compass
Added: Apr 13
Changed: Jul 22
Last Checked: Jul 26 at 12:17PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This fully leased fourplex includes four 1-bedroom, 1-bath units, each with larger-than-average floorplans for the area. The property has seen extensive improvements, including foundation stabilization with approximately 30 piers and beams replaced. Kitchens and bathrooms in all units have been fully renovated, and each unit is equipped with essential appliances including a range, oven, dishwasher, and disposal.
A renovated and landscaped backyard provides a shared outdoor space for residents. The property is located in an established urban setting with convenient access to Downtown Dallas, Deep Ellum, and Baylor University Medical Center, and quick connectivity to major thoroughfares, public transportation options, and nearby retail.
With all four units currently occupied, the asset is positioned as an income-producing residential investment with a smaller unit count designed to support a more private, community-oriented living environment than larger multifamily properties.
A renovated and landscaped backyard provides a shared outdoor space for residents. The property is located in an established urban setting with convenient access to Downtown Dallas, Deep Ellum, and Baylor University Medical Center, and quick connectivity to major thoroughfares, public transportation options, and nearby retail.
With all four units currently occupied, the asset is positioned as an income-producing residential investment with a smaller unit count designed to support a more private, community-oriented living environment than larger multifamily properties.
Key Highlights
- Fully leased 4- unit fourplex with all 4 units currently occupied
- Four 1‑bedroom, 1‑bath units, with open floorplan and walk‑in closet(s) in‑unit
- Renovated kitchens and bathrooms in all units
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 | $117.4k | $27.96 |
| − Vacancy | −$11.9k | −$2.84 |
| EGI | $105.5k | $25.12 |
| − OpEx | −$31.7k | −$7.54 |
| NOI | $73.9k | $17.58 |
4,200 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$923.1K – $1.23M
NOI $73,851 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$912.4K
$798.3K – $1.06M
NOI $63,865 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,776 @ 7.0% cap · market cap 29.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully leased four 1-bedroom, 1-bath units with renovated kitchens and bathrooms, plus updated backyard common area.
Where is this quadplex located?
The property is located at 4512 Swiss Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased 4- unit fourplex with all 4 units currently occupied; Four 1‑bedroom, 1‑bath units, with open floorplan and walk‑in closet(s) in‑unit; Renovated kitchens and bathrooms in all units
