5-Unit Gated Townhome
New
For Sale
$2,550,000
4709 Virginia Avenue # 1 2 3 4 5, Dallas, TX 75204
All five residences are occupied, and short-term rentals are allowed.
Property Size9,050 SF
Price / SF$281.77
Days on Market4
Property Features for 4709 Virginia Avenue # 1 2 3 4 5
General Information
Standard status
Active
Size
9,050 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
South Dallas
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Amenities
gated
Engineered Wood
1
4
5
Combo
100
2
Built-in Features,Cable TV Available,Cedar Closet(s),Decorative Lighting,Eat-in Kitchen,Kitchen Island,Multiple Staircases,Open Floorplan,Pantry,Walk-In Closet(s),Second Primary Bedroom
Fenced
Less Than .5 Acre (not Zero)
Slab
Yes
0.3470
Acres
Additional Parking,Assigned,Covered,Electric Gate,Garage,Garage Door Opener,Garage Single Door,Gated,Inside Entrance,Lighted
Balcony
9050.00
15115.3200
10
Covered
Building Details
Building Size
9,050 SF
Year Built
2025
Listing Agency:
Mersaes Real Estate, Inc.
(972) 203-9033
Listed By:
Joseph Cranshaw · License #0714723
(972) 795-9397
Source:
Mersaes
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Mersaes Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2025, this five-unit townhome property contains 9,050 square feet across 0.3470 acres. The residences sit behind an electric gate and include balconies, garages, and covered parking. All units are currently occupied, and short-term rentals are allowed.
The property is in Dallas, approximately 9 minutes from Southern Methodist University (SMU).
The property is in Dallas, approximately 9 minutes from Southern Methodist University (SMU).
Key Highlights
- Five townhome units built in 2025
- 9,050.00 SF on 0.3470 acres
- Currently fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,614
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,752,280
$2.8M
Cap Rate 7%
$1,965,914
$2.0M
Cap Rate 9%
$1,529,044
$1.5M
Market Conditions
NOI Build-Up for 9,050 SF
Gross rent
$280.2K $30.96/SF
− Vacancy
−$30.0K −$3.31/SF
EGI
$250.2K $27.65/SF
− OpEx
−$112.6K −$12.44/SF
NOI
$137.6K $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%
$2,752,280
Cap Rate 7%
$1,965,914
Cap Rate 9%
$1,529,044
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.72M – $2.29M
NOI $137,614 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.86M
$9.50M – $12.67M
NOI $760,148 @ 7.0% cap · market cap 29.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
640
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All five residences are occupied, and short-term rentals are allowed.
Where is this apartment building located?
The property is located at 4709 Virginia Avenue # 1 2 3 4 5 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 townhome units built in 2025; 9,050.00 SF on 0.3470 acres; Currently fully occupied
