Fourplex Investment
For Sale
$1,180,000
4512 Swiss Ave, Dallas, TX 75204
Fully leased four 1-bedroom, 1-bath units with renovated kitchens and bathrooms, plus updated backyard common area.
Property Size4,200 SF
Price / SF$280.95
Days on Market196
Property Features for 4512 Swiss Ave
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Bryan Place
Additional Details
Multifamily Units
4
Amenities
landscaped backyard
Building Details
Year Built
1933
Tenancy
Multi
Listing Agency:
Redfin Corporation
Listed By:
Casi Fricks · License #0592712
(972) 975-9255
Source:
Teamrobbins
Added: Apr 16
Changed: Oct 26
Last Checked: Oct 26 at 5:46PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$73,851
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,020
$1.5M
Cap Rate 7%
$1,055,014
$1.1M
Cap Rate 9%
$820,567
$820.6K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$117.4K $27.96/SF
− Vacancy
−$11.9K −$2.84/SF
EGI
$105.5K $25.12/SF
− OpEx
−$31.7K −$7.54/SF
NOI
$73.9K $17.58/SF
Area
Dallas, TX
Vacancy
10.16%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,020
Cap Rate 7%
$1,055,014
Cap Rate 9%
$820,567
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$923.1K – $1.23M
NOI $73,851 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$912.4K
$798.3K – $1.06M
NOI $63,865 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$5.04M
$4.41M – $5.88M
NOI $352,776 @ 7.0% cap · market cap 29.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,477
Businesses Nearby
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Business Placement
Demographics for 75204, TX
34,012
Population
23,304
Households
1.5
Avg Household Size
31
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
13,082
Density / Sq Mi
$93,007
Median Household Income
$71,995
Median Earnings
$1,822
Median Rent
$451,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Ave Dallas, TX.
What is the asking price?
The asking price for this property is $1,180,000.
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
