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    Turnkey Quadplex Income Property Title is generated by Realmo AI

    4512 Sycamore Street, Dallas, TX 75204

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    Claim this Listing
    For Sale
    $1,280,000

    MULTI_FAMILY - Dallas, TX

    Lot size:
    0.22 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 4512 Sycamore Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    8
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 7, Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 1, Bedroom 8, Bathroom 6, Bathroom 8, Bedroom 7
    Parking
    8
    Parking features
    On Street, Covered, Gated
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    DecorativeDesignerLightingFixtures, GraniteCounters, HighSpeedInternet, CableTv
    Fencing
    Perimeter
    Fireplace
    1
    Appliances
    Dishwasher, GasRange, GasWaterHeater, Microwave, Refrigerator
    Standard status
    Active
    APN
    00000123106000000
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    BLK 737 TR 3

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public
    Water front features
    Creek

    Building Details

    Year built
    1923
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Wood, Carpet, Laminate
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Bobby Schleizer

    Listing agent Bobby Schleizer License #0794156

    Listing office Compass RE Texas, LLC. Dallas, TX

    Listing date Mar 16, 2026

    MLS# 21094297 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Quadplex with 4 units in two separate structures (2 units per structure)
    • 100% occupied with full occupancy stated through 2027
    • Each unit has private entrances and updated kitchens and bathrooms
    • Brick construction with composition roof; year built 1923
    • Gated parking behind the building plus on‑street and covered parking; perimeter fencing
    • Natural gas heating and central air conditioning; fireplace and granite counters; high‑speed internet and cable TV

    Overview

    This income-producing quadplex is turnkey ready, consisting of two separate structures with two units each. The property is currently fully occupied, with occupancy continuing through 2027. Each unit features updated bathrooms and kitchens and has a private entrance, supporting straightforward, tenant-friendly rental setups. Recent improvements include newly replaced fencing, new gutters, some new windows, and fresh exterior repainting. Parking is provided behind the building, accessed through a gated entrance designed to add security and a sense of separation for residents.

    The property is positioned for investors seeking a value-add path without immediate leasing lift, since it is occupied and structured for private entry living. The owner has indicated interest in accommodating a 1031 exchange strategy. Owner financing is available with 15% or more down, subject to proof of funds. For qualified buyers, an assumable VA loan may be available, with terms described as 2.5%, and transfer is restricted to buyers with their exemption available to transfer.

    With the current configuration and unit upgrades already in place, the asset may appeal to buyers targeting rental stability and an easier operational starting point. The seller also notes that adding more units may be possible with city approval, and buyers and their agents should confirm feasibility and any required steps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Black Gold Biscuit ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.774883
    Latitude
    32.798841

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    FAQs

    What type of property is this?
    Quadplex - 100% occupied quadplex with private entrances and updated kitchens and bathrooms, offering investors steady income through full occupancy until 2027.
    Where is this quadplex located?
    The property is located at 4512 Sycamore Street Dallas, TX.
    What is the asking price?
    The asking price for this property is $1,280,000.
    What are key features of this property?
    This property features: Quadplex with 4 units in two separate structures (2 units per structure); 100% occupied with full occupancy stated through 2027; Each unit has private entrances and updated kitchens and bathrooms
    (214) 814-8100
    We can help!
    Listing Contact
    Bobby Schleizer
    Real Estate License ID: 0794156
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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