Five-Unit Apartment
For Sale
$2,550,000
4709 Virginia, Dallas, TX 75204
Townhome-style residences built in 2023 feature private balconies and individual two-car garages.
Property Size8,980 SF
Price / SF$283.96
Days on Market83
Property Features for 4709 Virginia
General Information
Standard status
Active
Size
8,980 SF
Property subtype
Multi-Family
Units
Multifamily Units
5
Parking per Unit
2
Amenities
private balcony
Building Details
Year Built
2023
Listing Agency:
Equitify Realty
Listed By:
Huma Azim · License #0575698
(972) 484-6644
Source:
Cityupgroup
Added: Jul 29
Changed: Oct 4
Last Checked: Oct 7 at 5:29PM
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 five-unit apartment property is configured as a townhome complex, with each residence offering a private balcony and a two-car garage. The improvements were completed in 2023, providing a recently built multifamily asset with individual residential layouts.
The property is in Dallas, TX 75204, near downtown Dallas and within convenient reach of dining, shopping, and entertainment. Its townhome format, private outdoor space, and dedicated garage parking create a distinct residential configuration within the apartment-building category.
The property is in Dallas, TX 75204, near downtown Dallas and within convenient reach of dining, shopping, and entertainment. Its townhome format, private outdoor space, and dedicated garage parking create a distinct residential configuration within the apartment-building category.
Key Highlights
- Five‑unit townhome complex
- Each unit includes a 2‑car garage
- Private balcony provided 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 - Townhome-style residences built in 2023 feature private balconies and individual two-car garages.
Where is this apartment building located?
The property is located at 4709 Virginia 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: Five‑unit townhome complex; Each unit includes a 2‑car garage; Private balcony provided for every unit
