5-Unit Apartment Building with
For Sale
$2,550,000
4707 Virginia Ave, Dallas, TX 75204
Newly built townhome-style apartments offer private balconies and individual two-car garages in Dallas.
Property Size8,980 SF
Price / SF$283.96
Days on Market91
Property Features for 4707 Virginia Ave
General Information
Standard status
Active
Size
8,980 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
private balcony
Building Details
Year Built
2025
Listing Agency:
Equitify Realty
Listed By:
Huma Azim · License #0575698
(972) 484-6644
Source:
Tonyaharbin
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 5 at 8:50PM
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 Equitify Realty
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Investment Insights
Based on property information with market context.
This 5-unit apartment property is configured as a townhome complex, with private balconies and a two-car garage assigned to each residence. The improvements were completed in 2025 and include modern interior amenities.
Located in Dallas, TX 75204, the property is positioned near downtown Dallas with access to dining, shopping, and entertainment destinations. Its multi-unit layout and attached garage configuration provide a distinct residential format within the apartment-building category.
Located in Dallas, TX 75204, the property is positioned near downtown Dallas with access to dining, shopping, and entertainment destinations. Its multi-unit layout and attached garage configuration provide a distinct residential format within the apartment-building category.
Key Highlights
- 5‑unit townhome complex
- Each unit includes a 2‑car garage
- Private balcony for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,550
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,731,000
$2.7M
Cap Rate 7%
$1,950,714
$2.0M
Cap Rate 9%
$1,517,222
$1.5M
Market Conditions
NOI Build-Up for 8,980 SF
Gross rent
$278.0K $30.96/SF
− Vacancy
−$29.7K −$3.31/SF
EGI
$248.3K $27.65/SF
− OpEx
−$111.7K −$12.44/SF
NOI
$136.5K $15.21/SF
Area
Dallas, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,731,000
Cap Rate 7%
$1,950,714
Cap Rate 9%
$1,517,222
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.71M – $2.28M
NOI $136,550 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.78M
$9.43M – $12.57M
NOI $754,268 @ 7.0% cap · market cap 29.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,569
Businesses Nearby
Explore this area
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?
Apartment building - Newly built townhome-style apartments offer private balconies and individual two-car garages in Dallas.
Where is this apartment building located?
The property is located at 4707 Virginia Ave Dallas, TX.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 5‑unit townhome complex; Each unit includes a 2‑car garage; Private balcony for every unit
